South-Eastern Asia: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in South-Eastern Asia

The Southeast Asian mill rolling roll market rose rapidly to $X in 2022, increasing by 6.9% against the previous year. In general, consumption saw a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Mill Rolling Roll Production in South-Eastern Asia

In value terms, mill rolling roll production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 95,585% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Mill Rolling Roll Exports

Exports in South-Eastern Asia

Mill rolling roll exports skyrocketed to X units in 2022, with an increase of 20% compared with 2021. Overall, exports continue to indicate temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, mill rolling roll exports expanded notably to $X in 2022. Over the period under review, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 32% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand prevails in exports structure, reaching X units, which was near 92% of total exports in 2022. It was distantly followed by Malaysia (X units), comprising a 5.5% share of total exports. Singapore (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the rolls for rolling mills exports, with a CAGR of +3.7% from 2012 to 2022. At the same time, Singapore (+2.4%) displayed positive paces of growth. By contrast, Malaysia (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest mill rolling roll supplier in South-Eastern Asia, comprising 73% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports.

In Thailand, mill rolling roll exports decreased by an average annual rate of -3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (-2.6% per year) and Malaysia (-9.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, declining by -10.8% against the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 82% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.0%), while the other leaders experienced a decline in the export price figures.

Mill Rolling Roll Imports

Imports in South-Eastern Asia

After two years of decline, overseas purchases of rolls for rolling mills increased by 5.5% to X units in 2022. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 38% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports surged to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 29% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Thailand was the largest importing country with an import of about X units, which reached 50% of total imports. It was distantly followed by Vietnam (X units), Indonesia (X units) and Malaysia (X units), together mixing up a 40% share of total imports. Myanmar (X units), Lao People's Democratic Republic (X units) and the Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +84.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined 89% share of total imports. Malaysia, the Philippines, Myanmar and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 9.6%.

Lao People's Democratic Republic, with a CAGR of +69.1%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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