Eastern Asia: Market for Hot-Rolled Bearing Steel Wire Rod 2019

Market Size for Hot-Rolled Wire Rod Of Bearing Steel in Eastern Asia

The revenue of the hot-rolled bearing steel wire rod market in Eastern Asia amounted to $X in 2017, coming up by X% against the previous year. The consumption of hot-rolled wire rod of bearing steel continues to indicate a deep reduction. The growth pace was the most rapid in 2017, with an increase of X% against the previous year. Over the period under review, the market for hot-rolled bearing steel wire rod attained its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Production of Hot-Rolled Wire Rod Of Bearing Steel in Eastern Asia

In 2017, the amount of hot-rolled wire rod of bearing steel produced in Eastern Asia totaled X tons, approximately mirroring the previous year. The production of hot-rolled wire rod of bearing steel continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015, with an increase of X% against the previous year. Over the period under review, the production of hot-rolled wire rod of bearing steel reached its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Exports of Hot-Rolled Wire Rod Of Bearing Steel in Eastern Asia

The exports stood at X tons in 2017, falling by -X% against the previous year. The exports of hot-rolled wire rod of bearing steel continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2010, when it surged by X% year-to-year. Over the period under review, the exports of hot-rolled wire rod of bearing steel attained its peak figure volume of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, exports of hot-rolled wire rod of bearing steel totaled $X in 2017. The exports of hot-rolled wire rod of bearing steel continue to indicate an outstanding growth. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Exports of Hot-Rolled Wire Rod Of Bearing Steel by Country in Eastern Asia

China prevails in exports of hot-rolled wire rod of bearing steel structure, recording X tons, which was approx. X% of total exports in 2017. It was distantly followed by Japan (X tons), committing X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest growing in terms of the hot-rolled wire rod of bearing steel exports, with a CAGR of +X% from 2007 to 2017. At the same time, South Korea (+X%) and Japan (+X%) displayed positive paces of growth. From 2007 to 2017, the share of South Korea, Japan and China decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, exports of hot-rolled wire rod of bearing steel expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and South Korea (+X% per year).

Export Prices for Hot-Rolled Wire Rod Of Bearing Steel by Country in Eastern Asia

The export price for hot-rolled wire rod of bearing steel in Eastern Asia stood at $X per ton in 2017, surging by X% against the previous year. The export price for hot-rolled wire rod of bearing steel continues to indicate a measured downturn. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. Over the period under review, the export prices for hot-rolled wire rod of bearing steel attained its maximum level of $X per ton in 2011; however, from 2012 to 2017, it 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 South Korea (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Imports of Hot-Rolled Wire Rod Of Bearing Steel in Eastern Asia

In 2017, approx. X tons of hot-rolled wire rod of bearing steel were imported in Eastern Asia; going up by X% against the previous year. The imports of hot-rolled wire rod of bearing steel continue to indicate a strong growth. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. The volume of imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, imports of hot-rolled wire rod of bearing steel amounted to $X in 2017. The imports of hot-rolled wire rod of bearing steel continue to indicate a prominent expansion. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Imports of Hot-Rolled Wire Rod Of Bearing Steel by Country in Eastern Asia

In 2017, South Korea (X tons) was the largest importer for hot-rolled wire rod of bearing steel, committing X% of total imports. Japan (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by China (X%) and Taiwan, Chinese (X%).

From 2007 to 2017, average annual rates of growth with regard to hot-rolled bearing steel wire rod imports into South Korea stood at +X%. At the same time, Japan (+X%), China (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest growing importer in Eastern Asia, with a CAGR of +X% from 2007-2017. While the share of Taiwan, Chinese (-X%), China (-X%), Japan (-X%) and South Korea (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

China (+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.

Import Prices for Hot-Rolled Wire Rod Of Bearing Steel by Country in Eastern Asia

The import price for hot-rolled wire rod of bearing steel in Eastern Asia stood at $X per ton in 2017, jumping by X% against the previous year. The import price for hot-rolled wire rod of bearing steel continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. The level of import price peaked of $X per ton in 2011; however, from 2012 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 ($X per ton), while Japan ($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 (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform