Report Update Nov 1, 2024

China - Iron or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends and Insights

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China: Expanded Metal Market 2024

Expanded Metal Market Size in China

In 2022, after four years of growth, there was significant decline in the Chinese expanded metal market, when its value decreased by -37.9% to $X. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Expanded Metal Production in China

In value terms, expanded metal production shrank to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The growth pace was the most rapid in 2021 when the production volume increased by 36%. As a result, production attained the peak level of $X, and then reduced in the following year.

Expanded Metal Exports

Exports from China

Expanded metal exports from China surged to X tons in 2022, increasing by 148% against 2021 figures. Over the period under review, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, expanded metal exports surged to $X in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons), Nigeria (X tons) and Indonesia (X tons) were the main destinations of expanded metal exports from China, with a combined 42% share of total exports. The United States, Vietnam, Thailand, Bangladesh, Canada, Pakistan, the Philippines, Cambodia, Singapore and South Korea lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +129.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for iron or steel expanded metal exports from China, comprising 26% of total exports. The second position in the ranking was held by Vietnam ($X), with an 8.5% share of total exports. It was followed by Nigeria, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +73.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+83.4% per year) and Nigeria (+42.6% per year).

Export Prices by Country

In 2022, the average expanded metal export price amounted to $X per ton, surging by 48% against the previous year. In general, the export price enjoyed strong growth. 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 Pakistan ($X per ton), while the average price for exports to Cambodia ($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 Vietnam (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Metal Imports

Imports into China

In 2022, after two years of growth, there was significant decline in purchases abroad of iron or steel expanded metal, when their volume decreased by -35.6% to X tons. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 74% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, expanded metal imports declined dramatically to $X in 2022. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 95% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of expanded metal imports to China, together accounting for 33% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +36.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and Brazil ($X) were the largest expanded metal suppliers to China, together comprising 42% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +44.5%, 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 expanded metal import price stood at $X per ton in 2022, waning by -1.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 71% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel expanded metal in the world?

China remains the largest expanded metal consuming country worldwide, comprising approx. 24% of total volume. Moreover, expanded metal consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.7% share.

What are the largest producers of iron or steel expanded metal in the world?

The country with the largest volume of expanded metal production was China, accounting for 29% of total volume. Moreover, expanded metal production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of iron or steel expanded metal to China?

In value terms, Taiwan Chinese), Germany and Japan appeared to be the largest expanded metal suppliers to China, with a combined 67% share of total imports. These countries were followed by Denmark, Thailand and Sweden, which together accounted for a further 13%.

What are the leading importers of iron or steel expanded metal from China?

In value terms, Nigeria, the United States and Indonesia appeared to be the largest markets for expanded metal exported from China worldwide, with a combined 30% share of total exports. These countries were followed by Japan, Australia, Canada, Thailand, Vietnam, Haiti, Saudi Arabia, Mexico, Costa Rica and Myanmar, which together accounted for a further 21%.

What is the average export price for iron or steel expanded metal in China?

In 2021, the average expanded metal export price amounted to $1,062 per ton, dropping by -24.6% against the previous year.

What is the average import price for iron or steel expanded metal in China?

In 2021, the average expanded metal import price amounted to $10,699 per ton, with an increase of 12% against the previous year.

This report provides an in-depth analysis of the expanded metal market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931350 - Iron or steel expanded metal

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023