Eastern Asia: Market for Hot-Rolled Bars Of High Speed Steel 2025

Market Size for Hot-Rolled Bars Of High Speed Steel in Eastern Asia

The East Asian market for hot-rolled bars of high speed steel shrank to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Hot-Rolled Bars Of High Speed Steel in Eastern Asia

In value terms, hot-rolled high speed steel bar production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports in Eastern Asia

In 2022, the amount of hot-rolled bars of high speed steel exported in Eastern Asia totaled X tons, growing by 2.4% on the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled high speed steel bar exports surged to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of about X tons, which resulted at 72% of total exports. Japan (X tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (7.8%).

China experienced a relatively flat trend pattern with regard to volume of exports of hot-rolled bars of high speed steel. At the same time, Japan (+2.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +2.3% from 2012-2022. By contrast, Taiwan (Chinese) (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan and China increased by +4.9 and +3.5 percentage points, respectively.

In value terms, China ($X) remains the largest hot-rolled high speed steel bar supplier in Eastern Asia, comprising 63% of total exports. The second position in the ranking was taken by Japan ($X), with a 30% share of total exports.

In China, hot-rolled high speed steel bar exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+0.8% per year) and Taiwan (Chinese) (-1.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 13% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 29%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.1%), while the other leaders experienced a decline in the export price figures.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports in Eastern Asia

In 2022, the amount of hot-rolled bars of high speed steel imported in Eastern Asia dropped to X tons, which is down by -13.1% compared with the year before. Over the period under review, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar imports contracted modestly to $X in 2022. In general, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of hot-rolled bars of high speed steel, namely Taiwan (Chinese), China and South Korea, represented more than two-thirds of total import. It was distantly followed by Japan (X tons), committing a 9.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of -1.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest hot-rolled high speed steel bar importing markets in Eastern Asia were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined 88% share of total imports.

China, with a CAGR of +1.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 2022, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2018 when the import price increased by 27% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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