Eastern Asia: Hot-Dipped Metal-Coated Sheet Market 2025

Hot-Dipped Metal-Coated Sheet Market Size in Eastern Asia

In 2021, the East Asian hot-dipped metal-coated sheet market decreased by -2.2% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Production in Eastern Asia

In value terms, hot-dipped metal-coated sheet production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports in Eastern Asia

In 2021, shipments abroad of hot-dipped metal-coated sheet was finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-dipped metal-coated sheet exports skyrocketed to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the key exporter of hot-dipped metal-coated sheet, generating 64% of total exports. It was distantly followed by South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together mixing up a 36% share of total exports.

China was also the fastest-growing in terms of the hot-dipped metal-coated sheet exports, with a CAGR of +10.0% from 2012 to 2021. At the same time, South Korea (+1.9%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-7.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +24 percentage points.

In value terms, China ($X) remains the largest hot-dipped metal-coated sheet supplier in Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by South Korea ($X), with a 21% share of total exports. It was followed by Japan, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +12.7%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+3.2% per year) and Japan (-7.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 45% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the other leaders experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports in Eastern Asia

In 2021, approx. X tons of hot-dipped metal-coated sheet were imported in Eastern Asia; increasing by 11% against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 22%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, hot-dipped metal-coated sheet imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) represented roughly 93% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), creating a 5.5% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Japan (with a CAGR of +5.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest hot-dipped metal-coated sheet importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for 93% of total imports.

Among the main importing countries, Japan, with a CAGR of +4.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 31% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hong Kong SAR ($X per ton) and China ($X per ton), while Japan ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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