Eastern Asia: Extruded Rod Market 2022

Extruded Rod Market Size in Eastern Asia

The East Asian extruded rod market totaled $X in 2021, remaining stable against the previous year. Over the period under review, consumption, however, saw a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Extruded Rod Production in Eastern Asia

In value terms, extruded rod production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports in Eastern Asia

Extruded rod exports soared to X tons in 2021, rising by X% against the previous year. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, extruded rod exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of extruded rods and profile shapes of cellular vulcanised rubber, namely South Korea, China and Taiwan (Chinese), represented more than two-thirds of total export. Japan (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded rod supplying countries in Eastern Asia were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports. These countries were followed by Japan, which accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, falling by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: 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 South Korea (+X%), while the other leaders experienced a decline in the export price figures.

Extruded Rod Imports

Imports in Eastern Asia

In 2021, overseas purchases of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a deep slump. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, extruded rod imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan was the key importer of extruded rods and profile shapes of cellular vulcanised rubber in Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2021. It was distantly followed by China (X tons), generating a X% share of total imports. Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and South Korea (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to extruded rod imports into Japan stood at -X%. Taiwan (Chinese) (-X%), China (-X%), Hong Kong SAR (-X%) and South Korea (-X%) illustrated a downward trend over the same period. Japan (+X p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports. These countries were followed by Hong Kong SAR and Taiwan (Chinese), which together accounted for a further X terms of the main importing countries, Hong Kong SAR, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by X% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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