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Jun 06, 2025

Global Mill Rolling Roll Market: Expected to Reach 1.7M Units and $11.4B by 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: World - Rolls For Rolling Mills - Market Analysis,

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IndexBox has just published a new report: World - Rolls For Rolling Mills - Market Analysis, Forecast, Size, Trends And Insights.

The market for mill rolling rolls is expected to see growth in both volume and value over the next decade. With a forecasted CAGR of +4.1% in volume and +5.2% in value, the market is predicted to reach 1.7M units and $11.4B by 2035.

Driven by rising demand for mill rolling roll worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.1% for the period from 2024 to 2035, which is projected to bring the market volume to 1.7M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2024 to 2035, which is projected to bring the market value to $11.4B (in nominal wholesale prices) by the end of 2035.

For the fifth consecutive year, the global market recorded decline in consumption of rolls for rolling mills, which decreased by -4.9% to 1.1M units in 2024. In general, consumption showed a abrupt curtailment. Over the period under review, global consumption hit record highs at 4.3M units in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

The global mill rolling roll market value declined slightly to $6.5B in 2024, dropping by -2.5% 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). Over the period under review, consumption continues to indicate a mild slump. Over the period under review, the global market attained the peak level at $7.7B in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

The countries with the highest volumes of consumption in 2024 were South Africa (217K units), China (153K units) and the United States (70K units), with a combined 41% share of global consumption. India, Malaysia, Canada, Taiwan (Chinese), Pakistan, Russia and Nepal lagged somewhat behind, together comprising a further 25%.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Malaysia (with a CAGR of +51.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($925M), South Africa ($807M) and India ($698M) were the countries with the highest levels of market value in 2024, with a combined 37% share of the global market. The United States, China, Taiwan (Chinese), Malaysia, Canada, Pakistan and Nepal lagged somewhat behind, together accounting for a further 23%.

Malaysia, with a CAGR of +49.1%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2024, the highest levels of mill rolling roll per capita consumption was registered in South Africa (3,493 units per million persons), followed by Malaysia (1,630 units per million persons), Taiwan (Chinese) (1,335 units per million persons) and Canada (954 units per million persons), while the world average per capita consumption of mill rolling roll was estimated at 132 units per million persons.

In South Africa, mill rolling roll per capita consumption expanded at an average annual rate of +35.1% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Malaysia (+49.8% per year) and Taiwan (Chinese) (+15.7% per year).

In 2024, after three years of growth, there was significant decline in production of rolls for rolling mills, when its volume decreased by -13.8% to 945K units. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 40% against the previous year. Global production peaked at 1.1M units in 2023, and then declined in the following year.

In value terms, mill rolling roll production dropped slightly to $3.9B in 2024 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 18%. Over the period under review, global production hit record highs at $6.5B in 2014; however, from 2015 to 2024, production stood at a somewhat lower figure.

China (427K units) constituted the country with the largest volume of mill rolling roll production, accounting for 45% of total volume. Moreover, mill rolling roll production in China exceeded the figures recorded by the second-largest producer, South Africa (209K units), twofold. The third position in this ranking was taken by the United States (46K units), with a 4.9% share.

From 2013 to 2024, the average annual growth rate of volume in China totaled +4.5%. In the other countries, the average annual rates were as follows: South Africa (+10.2% per year) and the United States (-2.6% per year).

In 2024, overseas purchases of rolls for rolling mills were finally on the rise to reach 781K units for the first time since 2019, thus ending a four-year declining trend. In general, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 46% against the previous year. Over the period under review, global imports reached the peak figure at 3.7M units in 2013; however, from 2014 to 2024, imports failed to regain momentum.

In value terms, mill rolling roll imports skyrocketed to $3.2B in 2024. Overall, total imports indicated a resilient increase from 2013 to 2024: its value increased at an average annual rate of +5.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +87.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In 2024, India (145K units), distantly followed by South Africa (83K units), Malaysia (56K units) and Canada (39K units) were the largest importers of rolls for rolling mills, together creating 41% of total imports. The United States (35K units), Taiwan (Chinese) (34K units), Nepal (23K units), Russia (21K units), Brazil (21K units) and Indonesia (19K units) held a little share of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Africa (with a CAGR of +35.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($1.4B) constitutes the largest market for imported rolls for rolling mills worldwide, comprising 44% of global imports. The second position in the ranking was held by the United States ($346M), with an 11% share of global imports. It was followed by Russia, with a 2.7% share.

From 2013 to 2024, the average annual rate of growth in terms of value in India stood at +27.4%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+6.1% per year) and Russia (-4.4% per year).

The average mill rolling roll import price stood at $4.1 thousand per unit in 2024, increasing by 52% against the previous year. In general, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2022 when the average import price increased by 82%. Over the period under review, average import prices attained the maximum in 2024 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was the United States ($10 thousand per unit), while Nepal ($142 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Brazil (+11.3%), while the other global leaders experienced mixed trends in the import price figures.

In 2024, overseas shipments of rolls for rolling mills decreased by -12.3% to 657K units, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 120% against the previous year. The global exports peaked at 837K units in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

In value terms, mill rolling roll exports declined to $2B in 2024. Overall, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Over the period under review, the global exports attained the peak figure at $2.2B in 2023, and then contracted in the following year.

China was the key exporter of rolls for rolling mills in the world, with the volume of exports finishing at 291K units, which was approx. 44% of total exports in 2024. It was distantly followed by India (85K units) and South Africa (75K units), together achieving a 24% share of total exports. Georgia (29K units), Germany (27K units), Austria (21K units), Japan (19K units), Thailand (13K units), South Korea (12K units) and Italy (11K units) followed a long way behind the leaders.

From 2013 to 2024, average annual rates of growth with regard to mill rolling roll exports from China stood at +7.2%. At the same time, Georgia (+106.8%), India (+16.7%), Austria (+12.9%), Thailand (+9.8%), South Korea (+5.9%), Germany (+5.6%), Italy (+4.2%) and Japan (+3.7%) displayed positive paces of growth. Moreover, Georgia emerged as the fastest-growing exporter exported in the world, with a CAGR of +106.8% from 2013-2024. South Africa experienced a relatively flat trend pattern. While the share of India (+8.2 p.p.), Georgia (+4.4 p.p.), China (+3.1 p.p.) and Austria (+1.5 p.p.) increased significantly in terms of the global exports from 2013-2024, the share of South Africa (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($655M) remains the largest mill rolling roll supplier worldwide, comprising 32% of global exports. The second position in the ranking was taken by Germany ($178M), with an 8.8% share of global exports. It was followed by Japan, with an 8.6% share.

In China, mill rolling roll exports expanded at an average annual rate of +8.3% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Germany (-1.7% per year) and Japan (-1.1% per year).

In 2024, the average mill rolling roll export price amounted to $3.1 thousand per unit, surging by 6.8% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 145% against the previous year. As a result, the export price reached the peak level of $11 thousand per unit. From 2016 to 2024, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was South Korea ($9.5 thousand per unit), while Georgia ($6.9 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global mill rolling roll market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles