China: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in China

The Chinese hot-rolled silico-manganese steel bar market totaled $X in 2021, approximately mirroring the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in China

In value terms, hot-rolled silico-manganese steel bar production contracted slightly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from China

In 2021, the amount of hot-rolled bars of silico-manganese steel exported from China contracted to X tons, falling by -5% against the previous year. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 152%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar exports skyrocketed to $X in 2021. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 105%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from China, accounting for a 37% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to the Philippines exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to the Philippines stood at +122.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+8.8% per year) and Italy (+64.7% per year).

In value terms, the Philippines ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from China, comprising 37% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by Thailand, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the Philippines amounted to +135.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+53.7% per year) and Thailand (+7.0% per year).

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, increasing by 35% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into China

In 2021, the amount of hot-rolled bars of silico-manganese steel imported into China soared to X tons, with an increase of 112% against 2020 figures. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 483% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, hot-rolled silico-manganese steel bar imports soared to $X in 2021. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 267%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Qatar (X tons) and Japan (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to China, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Qatar (with a CAGR of +143.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled silico-manganese steel bar suppliers to China were Japan ($X), Turkey ($X) and South Korea ($X), with a combined 73% share of total imports. Qatar, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Qatar, with a CAGR of +159.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, shrinking by -13.9% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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