China: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in China

The Chinese cold-rolled steel products market soared to $X in 2022, jumping by 1,074% against the previous year. Over the period under review, consumption, however, showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cold-Rolled Steel Products Production in China

In value terms, cold-rolled steel products production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Cold-Rolled Steel Products Exports

Exports from China

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were exported from China; dropping by -29.7% compared with the previous year's figure. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 110% against the previous year. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, cold-rolled steel products exports totaled $X in 2022. In general, exports, however, showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 197%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), India (X tons) and South Korea (X tons) were the main destinations of cold-rolled steel products exports from China, with a combined 22% share of total exports. Indonesia, the United Arab Emirates, Vietnam, Colombia, Italy, the Philippines, Brazil, Peru, Saudi Arabia and Russia lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +27.8%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from China, comprising 21% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.9% share of total exports. It was followed by South Korea, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to India stood at +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+26.4% per year) and South Korea (+3.0% per year).

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2022, increasing by 49% against the previous year. Over the period under review, the export price continues to indicate a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into China

Cold-rolled steel products imports into China rose slightly to X tons in 2022, increasing by 2.7% on the year before. Overall, imports, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 32%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cold-rolled steel products imports surged to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Indonesia (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of cold-rolled steel products imports to China, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +191.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to China, comprising 52% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled +204.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.5% per year) and Japan (-6.9% per year).

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2022, increasing by 19% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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