Eastern Asia: Hot-Rolled Tool Steel Bar Market 2020

Hot-Rolled Tool Steel Bar Market Size in Eastern Asia

The revenue of the hot-rolled tool steel bar market in Eastern Asia amounted to $X in 2017, waning by -X% against the previous year. The hot-rolled tool steel bar consumption continues to indicate a moderate descent. The growth pace was the most rapid in 2008, when market value increased by X% y-o-y. The level of hot-rolled tool steel bar consumption peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Hot-Rolled Tool Steel Bar Production in Eastern Asia

In 2017, production of hot-rolled bars in tool steels in Eastern Asia stood at X tons, declining by -X% against the previous year. The hot-rolled tool steel bar production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2008, with an increase of X% year-to-year. The volume of hot-rolled tool steel bar production peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Hot-Rolled Tool Steel Bar Exports in Eastern Asia

In 2017, approx. X tons of hot-rolled bars in tool steels were exported in Eastern Asia; going up by X% against the previous year. The hot-rolled tool steel bar exports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. The volume of exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, hot-rolled tool steel bar exports stood at $X in 2017. The hot-rolled tool steel bar exports continue to indicate a prominent growth. The level of exports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Hot-Rolled Tool Steel Bar Exports by Country in Eastern Asia

China prevails in hot-rolled tool steel bar exports structure, amounting to X tons, which was near X% of total exports in 2017. Japan (X tons) followed a long way behind the leaders.

China was also the fastest growing in terms of the hot-rolled bars in tool steels exports, with a CAGR of +X% from 2007 to 2017. At the same time, Japan (+X%) displayed positive paces of growth. China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hot-rolled tool steel bar supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports.

From 2007 to 2017, the average annual rate of growth in terms of value in China totaled +X%.

Hot-Rolled Tool Steel Bar Export Prices by Country in Eastern Asia

The hot-rolled tool steel bar export price in Eastern Asia stood at $X per ton in 2017, stabilizing at the previous year. The hot-rolled tool steel bar export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% y-o-y. In that year, the export prices for hot-rolled bars in tool steels attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for hot-rolled bars in tool steels failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Japan (-X% per year).

Hot-Rolled Tool Steel Bar Imports in Eastern Asia

In 2017, the amount of hot-rolled bars in tool steels imported in Eastern Asia amounted to X tons, shrinking by -X% against the previous year. The hot-rolled tool steel bar imports continue to indicate a prominent growth. The most prominent rate of growth was recorded in 2012, when imports increased by X% y-o-y. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, hot-rolled tool steel bar imports stood at $X in 2017. The hot-rolled tool steel bar imports continue to indicate a perceptible growth. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Hot-Rolled Tool Steel Bar Imports by Country in Eastern Asia

In 2017, South Korea (X tons) was the main importer for hot-rolled bars in tool steels, generating X% of total imports. Taiwan, Chinese (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by China (X%) and China, Macao SAR (X%). Japan (X tons) took the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Macao SAR (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled tool steel bar markets worldwide were China ($X), South Korea ($X) and Taiwan, Chinese ($X), with a combined X% share of total imports. China, Macao SAR and Japan lagged somewhat behind, together accounting for a further X%.

China, Macao SAR (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Hot-Rolled Tool Steel Bar Import Prices by Country in Eastern Asia

In 2017, the hot-rolled tool steel bar import price in Eastern Asia amounted to $X per ton, coming up by X% against the previous year. The hot-rolled tool steel bar import price continues to indicate a measured downturn. The most prominent rate of growth was recorded in 2017, when the import prices increased by X% against the previous year. The level of import price peaked of $X per ton in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Macao SAR (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform