Eastern Asia: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in Eastern Asia

The East Asian iron or steel towers market shrank to $X in 2021, waning by -9.3% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.2% against 2017 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Iron Or Steel Towers And Lattice Masts in Eastern Asia

In value terms, iron or steel towers production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in Eastern Asia

In 2021, overseas shipments of iron or steel towers and lattice masts increased by 4.9% to X tons, rising for the third consecutive year after four years of decline. Total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 67%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, iron or steel towers exports soared to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.9% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China was the major exporter of iron or steel towers and lattice masts in Eastern Asia, with the volume of exports accounting for X tons, which was approx. 71% of total exports in 2021. It was distantly followed by South Korea (X tons), comprising a 29% share of total exports.

China was also the fastest-growing in terms of the iron or steel towers and lattice masts exports, with a CAGR of +2.0% from 2012 to 2021. At the same time, South Korea (+1.5%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, China, with a CAGR of +3.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2016 an increase of 40% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%).

Imports of Iron Or Steel Towers And Lattice Masts

Imports in Eastern Asia

After four years of growth, purchases abroad of iron or steel towers and lattice masts decreased by -17.9% to X tons in 2021. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 174%. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, iron or steel towers imports dropped slightly to $X in 2021. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 150% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Taiwan (Chinese) (X tons) and Japan (X tons) dominates imports structure, together constituting 97% of total imports. South Korea (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of +62.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel towers importing markets in Eastern Asia were Taiwan (Chinese) ($X), Japan ($X) and South Korea ($X), with a combined 99% share of total imports.

Taiwan (Chinese), with a CAGR of +65.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, picking up by 21% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 49% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Japan ($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 (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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