Eastern Asia: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Eastern Asia

The East Asian mill rolling roll market declined dramatically to $X in 2022, with a decrease of -18.2% against the previous year. Over the period under review, consumption saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Mill Rolling Roll Production in Eastern Asia

In value terms, mill rolling roll production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Mill Rolling Roll Exports

Exports in Eastern Asia

In 2022, approx. X units of rolls for rolling mills were exported in Eastern Asia; growing by 22% on the year before. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, mill rolling roll exports skyrocketed to $X in 2022. In general, exports saw a mild expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, recording X units, which was near 94% of total exports in 2022. The following exporters - South Korea (X units) and Japan (X units) - each recorded a 5.6% share of total exports.

China was also the fastest-growing in terms of the rolls for rolling mills exports, with a CAGR of +10.1% from 2012 to 2022. At the same time, South Korea (+2.0%) displayed positive paces of growth. By contrast, Japan (-6.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +12 percentage points.

In value terms, China ($X) remains the largest mill rolling roll supplier in Eastern Asia, comprising 66% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +7.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-5.9% per year) and South Korea (-3.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, reducing by -4.6% against the previous year. In general, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2020 when the export price increased by 13%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.7%), while the other leaders experienced a decline in the export price figures.

Mill Rolling Roll Imports

Imports in Eastern Asia

In 2022, overseas purchases of rolls for rolling mills increased by 4.8% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 33% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, mill rolling roll imports dropped to $X in 2022. Overall, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) represented the major importing country with an import of around X units, which finished at 45% of total imports. China (X units) ranks second in terms of the total imports with a 24% share, followed by South Korea (24%) and Japan (8%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +16.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and China ($X) were the countries with the highest levels of imports in 2022, together accounting for 93% of total imports.

Taiwan (Chinese), with a CAGR of -2.1%, saw 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

In 2022, the import price in Eastern Asia amounted to $X per unit, which is down by -14.3% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by 26%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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