China: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in China

In 2021, the Chinese non-alloy steel i-sections market increased by 3.4% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 7.2% against the previous year. Non-alloy steel i-sections consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Alloy Steel I-Sections Production in China

In value terms, non-alloy steel i-sections production rose slightly to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Non-Alloy Steel I-Sections Exports

Exports from China

Non-alloy steel i-sections exports from China soared to X tons in 2021, rising by 75% compared with the previous year's figure. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 99%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-alloy steel i-sections exports soared to $X in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons) was the main destination for non-alloy steel i-sections exports from China, with a 30% share of total exports. Moreover, non-alloy steel i-sections exports to Nigeria exceeded the volume sent to the second major destination, Myanmar (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria totaled +62.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+23.8% per year) and Indonesia (+33.5% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for i-sections of non-alloy steel exports from China, comprising 29% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 6.7% share of total exports. It was followed by Indonesia, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Nigeria amounted to +65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+20.5% per year) and Indonesia (+35.7% per year).

Export Prices by Country

The average non-alloy steel i-sections export price stood at $X per ton in 2021, with an increase of 37% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached 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 the Philippines ($X per ton), while the average price for exports to Mongolia ($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 Vietnam (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into China

In 2021, approx. X tons of i-sections of non-alloy steel were imported into China; jumping by 17% compared with 2020 figures. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports surged to $X in 2021. Overall, imports, however, continue to indicate a deep slump. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of non-alloy steel i-sections imports to China, together accounting for 58% of total imports. Russia, Thailand, Japan and Luxembourg lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +200.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of i-sections of non-alloy steel to China, comprising 40% of total imports. The second position in the ranking was held by Russia ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+127.1% per year) and the United Arab Emirates (+33.8% per year).

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, growing by 26% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-alloy steel i-sections import price increased by +111.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 31%. Over the period under review, average import prices reached the maximum in 2021 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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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