China: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in China

After three years of growth, the Chinese iron or steel towers market decreased by -7.9% to $X in 2021. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Iron Or Steel Towers And Lattice Masts in China

In value terms, iron or steel towers production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 20%. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from China

Iron or steel towers exports from China shrank to X tons in 2021, reducing by -7.5% compared with 2020 figures. In general, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by +0.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 76% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron or steel towers exports expanded rapidly to $X in 2021. Overall, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 54%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons) was the main destination for iron or steel towers exports from China, with a 23% share of total exports. Moreover, iron or steel towers exports to the Philippines exceeded the volume sent to the second major destination, Pakistan (X tons), twofold. Lao People's Democratic Republic (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to the Philippines stood at +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+25.5% per year) and Lao People's Democratic Republic (+15.1% per year).

In value terms, the Philippines ($X) remains the key foreign market for iron or steel towers and lattice masts exports from China, comprising 27% of total exports. The second position in the ranking was taken by Congo ($X), with an 8.4% share of total exports. It was followed by Pakistan, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Philippines totaled +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+46.2% per year) and Pakistan (+24.7% per year).

Export Prices by Country

In 2021, the average iron or steel towers export price amounted to $X per ton, picking up by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2016 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Pakistan ($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 Congo (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into China

In 2021, supplies from abroad of iron or steel towers and lattice masts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a strong expansion. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, iron or steel towers imports skyrocketed to $X in 2021. Overall, imports, however, showed a deep downturn. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of iron or steel towers to China, with a 70% share of total imports. Moreover, iron or steel towers imports from Belgium exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +116.2%.

In value terms, the largest iron or steel towers suppliers to China were the Czech Republic ($X) and Belgium ($X).

Among the main suppliers, Belgium, with a CAGR of +58.6%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average iron or steel towers import price stood at $X per ton in 2021, with a decrease of -57.8% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 347% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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 the Czech Republic ($X per ton), while the price for Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-19.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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