Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia (CIF) - 2024
In January 2024, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $934 per ton, shrinking by -7.5% against the previous month. Overall, the import price saw a slight reduction. The growth pace was the most rapid in September 2023 an increase of 8.6% m-o-m. As a result, import price reached the peak level of $1,071 per ton. From October 2023 to January 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2,463 per ton), while the price for China ($814 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia (FOB) - 2022
In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $1,559 per ton, increasing by 15% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1,788 per ton), while the average price for exports to South Korea ($1,118 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia
In 2022, the amount of steel alloy wire of materials other than silico-manganese steels imported into Malaysia fell to 37K tons, with a decrease of -6.5% compared with 2021 figures. In general, imports recorded a abrupt shrinkage. The smallest decline of -1.2% was in 2021.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels stood at $46M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.2 | 19.8 | 22.8 | 24.5 | -6.7% |
| Vietnam | 4.7 | 3.5 | 6.2 | 6.6 | 12.0% |
| South Korea | 3.1 | 2.8 | 5.6 | 5.1 | 18.1% |
| Taiwan (Chinese) | 3.1 | 3.1 | 4.0 | 4.3 | 11.5% |
| Japan | 2.9 | 2.5 | 3.0 | 3.7 | 8.5% |
| Others | 3.2 | 3.1 | 3.2 | 2.1 | -13.1% |
| Total | 47.1 | 34.8 | 44.7 | 46.4 | -0.5% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Malaysia in 2022:
- China (23.0K tons)
- Vietnam (6.0K tons)
- South Korea (3.3K tons)
- Taiwan (Chinese) (2.6K tons)
- Japan (1.5K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia
In 2022, the amount of steel alloy wire of materials other than silico-manganese steels exported from Malaysia fell to 19K tons, almost unchanged from the year before. Overall, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 26%.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels rose rapidly to $29M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 2.8 | 3.1 | 7.7 | 34.0% |
| Indonesia | 4.5 | 3.4 | 6.0 | 6.8 | 14.8% |
| Netherlands | 3.9 | 1.5 | 1.4 | 2.2 | -17.4% |
| Thailand | 1.2 | 0.9 | 1.3 | 2.1 | 20.5% |
| Australia | 0.4 | 0.7 | 1.2 | 1.9 | 68.1% |
| Sweden | 2.5 | 1.5 | 3.5 | 1.9 | -8.7% |
| India | 3.5 | 2.7 | 2.8 | 1.7 | -21.4% |
| United Kingdom | 4.1 | 2.4 | 3.3 | 1.7 | -25.4% |
| United States | 1.1 | 1.2 | 1.9 | 0.5 | -23.1% |
| Others | 0.9 | 1.3 | 1.2 | 2.7 | 44.2% |
| Total | 25.2 | 18.5 | 25.6 | 29.2 | 5.0% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Malaysia in 2022:
- China (4.8K tons)
- Indonesia (3.8K tons)
- Netherlands (1.6K tons)
- Sweden (1.5K tons)
- United Kingdom (1.3K tons)
- Australia (1.2K tons)
- Thailand (1.2K tons)
- India (1.0K tons)
- United States (0.4K tons)
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