Southern Asia: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Southern Asia

In 2022, after four years of growth, there was decline in the South Asian mill rolling roll market, when its value decreased by -0.4% to $X. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Mill Rolling Roll Production in Southern Asia

In value terms, mill rolling roll production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 5.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Mill Rolling Roll Exports

Exports in Southern Asia

In 2022, exports of rolls for rolling mills in Southern Asia rose remarkably to X units, with an increase of 11% on the previous year's figure. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 89%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, mill rolling roll exports skyrocketed to $X in 2022. Total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.9% against 2020 indices. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the rolls for rolling mills exports, with a CAGR of +7.8% from 2012 to 2022. From 2012 to 2022, the share of India increased by +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest mill rolling roll supplier in Southern Asia.

In India, mill rolling roll exports increased at an average annual rate of +1.4% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, jumping by 15% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by 23%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -6.0% per year.

Mill Rolling Roll Imports

Imports in Southern Asia

In 2022, imports of rolls for rolling mills in Southern Asia rose modestly to X units, with an increase of 2% on the year before. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 44%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports dropped to $X in 2022. In general, imports showed noticeable growth. The pace of growth appeared the most rapid in 2018 with an increase of 51%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India was the major importer of rolls for rolling mills in Southern Asia, with the volume of imports reaching X units, which was approx. 64% of total imports in 2022. Nepal (X units) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (13%). Sri Lanka (X units) and Pakistan (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +13.2% from 2012 to 2022. At the same time, Bangladesh (+21.8%), Pakistan (+12.9%) and Nepal (+8.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +21.8% from 2012-2022. By contrast, Sri Lanka (-6.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Bangladesh increased by +11 and +7.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported rolls for rolling mills in Southern Asia, comprising 88% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 5.3% share of total imports. It was followed by Pakistan, with a 4.3% share.

In India, mill rolling roll imports increased at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+8.6% per year) and Pakistan (+14.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, declining by -10% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when the import price increased by 9.3%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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