Eastern Asia: Metal Bath Market 2025

Metal Bath Market Size in Eastern Asia

In 2021, after three years of growth, there was decline in the East Asian metal bath market, when its value decreased by -0.7% to $X. In general, consumption, however, saw a resilient increase. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

Metal Bath Production in Eastern Asia

In value terms, metal bath production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Metal Bath Exports

Exports in Eastern Asia

In 2021, shipments abroad of baths of iron or steel increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 23%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal bath exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 26%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) represented roughly 99% of total exports in 2021.

China was also the fastest-growing in terms of the baths of iron or steel exports, with a CAGR of -12.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest metal bath supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -8.4%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, surging by 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2018 an increase of 15%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.2% per year.

Metal Bath Imports

Imports in Eastern Asia

In 2021, overseas purchases of baths of iron or steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 35% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, metal bath imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 30%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China was the major importing country with an import of about X tons, which resulted at 50% of total imports. Hong Kong SAR (X tons) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (14%) and Taiwan (Chinese) (7.8%). The following importers - Japan (X tons) and Macao SAR (X tons) - each finished at a 4.4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal bath imports into China stood at +4.6%. At the same time, South Korea (+20.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +20.9% from 2012-2021. By contrast, Taiwan (Chinese) (-4.4%), Hong Kong SAR (-6.5%), Macao SAR (-9.6%) and Japan (-10.9%) illustrated a downward trend over the same period. While the share of China (+18 p.p.) and South Korea (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Macao SAR (-2.9 p.p.), Taiwan (Chinese) (-3.5 p.p.), Japan (-3.8 p.p.) and Hong Kong SAR (-18.8 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported baths of iron or steel in Eastern Asia, comprising 50% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 19% share of total imports. It was followed by South Korea, with an 18% share.

In China, metal bath imports increased at an average annual rate of +4.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (-5.1% per year) and South Korea (+24.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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