Cold Metal-Rolling Mill Market

The article provides a detailed analysis of the global cold metal-rolling mill market, projecting an upward trend in consumption, production, imports, and exports. Market performance is forecasted to grow at a CAGR of +5.9% in volume and +5.7% in value from 2022 to 2030. Key insights include China leading in consumption and production, the United States dominating imports, and China being the largest exporter. The report also highlights trends in market prices and growth rates for major market players.

Market Forecast

Driven by increasing demand for cold metal-rolling mills worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.9% for the period from 2022 to 2030, which is projected to bring the market volume to 32K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market value to $17.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Cold Metal-Rolling Mills

In 2022, after six years of growth, there was decline in consumption of cold metal-rolling mills, when its volume decreased by -3.8% to 20K units. In general, consumption, however, posted a resilient increase. Global consumption peaked at 21K units in 2021, and then fell in the following year.

The global cold metal-rolling mill market value contracted to $11.2B in 2022, which is down by -11.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a prominent expansion. Global consumption peaked at $12.6B in 2021, and then shrank in the following year.

Consumption By Country

China (9.5K units) constituted the country with the largest volume of cold metal-rolling mill consumption, accounting for 47% of total volume. Moreover, cold metal-rolling mill consumption in China exceeded the figures recorded by the second-largest consumer, the United States (3.2K units), threefold. India (845 units) ranked third in terms of total consumption with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +27.4%. In the other countries, the average annual rates were as follows: the United States (+51.1% per year) and India (+7.6% per year).

In value terms, China ($5.5B) led the market, alone. The second position in the ranking was held by Japan ($928M). It was followed by India.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +26.6%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (+13.4% per year) and India (+9.4% per year).

The countries with the highest levels of cold metal-rolling mill per capita consumption in 2022 were Italy (12 units per million persons), the United States (9.4 units per million persons) and Canada (8.8 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United States (with a CAGR of +50.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Cold Metal-Rolling Mills

In 2022, after five years of growth, there was significant decline in production of cold metal-rolling mills, when its volume decreased by -9.5% to 19K units. Overall, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 229%. Global production peaked at 21K units in 2021, and then declined in the following year.

In value terms, cold metal-rolling mill production declined to $11.6B in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 240%. Over the period under review, global production hit record highs at $12.7B in 2021, and then declined in the following year.

Production By Country

China (12K units) constituted the country with the largest volume of cold metal-rolling mill production, comprising approx. 66% of total volume. Moreover, cold metal-rolling mill production in China exceeded the figures recorded by the second-largest producer, India (762 units), more than tenfold. The third position in this ranking was taken by Italy (755 units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +29.0%. In the other countries, the average annual rates were as follows: India (+12.0% per year) and Italy (+12.6% per year).

Imports

World Imports of Cold Metal-Rolling Mills

In 2022, global imports of cold metal-rolling mills skyrocketed to 4.9K units, picking up by 73% compared with the previous year's figure. In general, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cold metal-rolling mill imports rose slightly to $416M in 2022. Overall, imports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2016 with an increase of 24% against the previous year. Over the period under review, global imports reached the peak figure at $677M in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports By Country

The United States prevails in imports structure, resulting at 3.1K units, which was approx. 64% of total imports in 2022. Thailand (140 units), India (118 units) and Turkey (76 units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the cold metal-rolling mills imports, with a CAGR of +55.5% from 2012 to 2022. At the same time, Thailand (+29.0%) and Turkey (+4.7%) displayed positive paces of growth. By contrast, India (-4.2%) illustrated a downward trend over the same period. The United States (+62 p.p.) and Thailand (+2.3 p.p.) significantly strengthened its position in terms of the global imports, while India saw its share reduced by -7.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($71M), India ($38M) and Turkey ($35M) appeared to be the countries with the highest levels of imports in 2022, together comprising 35% of global imports.

In terms of the main importing countries, the United States, with a CAGR of +15.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced a decline in the imports figures.

Import Prices By Country

In 2022, the average cold metal-rolling mill import price amounted to $84,714 per unit, dropping by -40.8% against the previous year. In general, the import price faced a drastic downturn. The growth pace was the most rapid in 2015 an increase of 41%. Over the period under review, average import prices hit record highs at $353,454 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($462,190 per unit), while the United States ($22,660 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-4.9%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Cold Metal-Rolling Mills

For the sixth year in a row, the global market recorded growth in overseas shipments of cold metal-rolling mills, which increased by 35% to 3.5K units in 2022. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 56%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cold metal-rolling mill exports skyrocketed to $466M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 44% against the previous year. Over the period under review, the global exports attained the peak figure at $469M in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports By Country

China prevails in exports structure, finishing at 2.9K units, which was near 82% of total exports in 2022. The following exporters - Germany (86 units) and Italy (82 units) - each amounted to a 4.8% share of total exports.

China was also the fastest-growing in terms of the cold metal-rolling mills exports, with a CAGR of +26.0% from 2012 to 2022. At the same time, Germany (+5.2%) displayed positive paces of growth. By contrast, Italy (-1.9%) illustrated a downward trend over the same period. While the share of China (+54 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-2.6 p.p.) and Italy (-7.2 p.p.) displayed negative dynamics.

In value terms, China ($260M) remains the largest cold metal-rolling mill supplier worldwide, comprising 56% of global exports. The second position in the ranking was taken by Germany ($90M), with a 19% share of global exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+9.7% per year) and Italy (-4.5% per year).

Export Prices By Country

The average cold metal-rolling mill export price stood at $132,479 per unit in 2022, which is down by -14.2% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29%. The global export price peaked at $475,078 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($1,043,806 per unit), while China ($89,956 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform