Price for Steel Alloy Wire of Silico-Manganese Steel in Malaysia - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Malaysia (FOB) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Malaysia (CIF) - 2024
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Malaysia
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Malaysia
Price for Steel Alloy Wire of Silico-Manganese Steel in Malaysia (FOB) - 2024
The average export price for steel alloy wire of silico-manganese steels stood at $1,305 per ton in January 2024, surging by 1.8% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 15% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,470 per ton in July 2023; however, from August 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,465 per ton), while the average price for exports to Ukraine ($838 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (-0.1%), while the prices for the other major destinations experienced a decline.
Price for Steel Alloy Wire of Silico-Manganese Steel in Malaysia (CIF) - 2024
In January 2024, the average import price for steel alloy wire of silico-manganese steels amounted to $677 per ton, declining by -2.8% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 40% against the previous month. As a result, import price reached the peak level of $984 per ton. From September 2023 to January 2024, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2023 to January 2024, the rate of growth in terms of prices for China amounted to -1.0% per month.
Exports of Steel Alloy Wire of Silico-Manganese Steel in Malaysia
In 2022, shipments abroad of steel alloy wire of silico-manganese steels was finally on the rise to reach 13K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep contraction.
In value terms, exports of steel alloy wire of silico-manganese steels surged to $18M in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.7 | 1.9 | 3.5 | 6.6 | 12.0% |
| United States | 0.8 | 0.8 | 0.5 | 2.9 | 53.6% |
| China | 6.8 | 5.7 | 4.4 | 2.5 | -28.4% |
| Thailand | 2.7 | 2.1 | 1.9 | 1.7 | -14.3% |
| India | 0.8 | 0.7 | 1.2 | 1.4 | 20.5% |
| Slovakia | N/A | N/A | 0.3 | 1.1 | 266.7% |
| Mexico | 1.0 | 0.7 | N/A | 0.4 | -26.3% |
| United Arab Emirates | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Vietnam | 0.5 | 0.5 | 0.5 | 0.3 | -15.7% |
| Others | 1.3 | 1.0 | 0.4 | 1.1 | -5.4% |
| Total | 18.7 | 13.5 | 12.9 | 18.5 | -0.4% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Malaysia in 2022:
- Indonesia (4.3K tons)
- United States (2.0K tons)
- China (1.7K tons)
- Thailand (1.3K tons)
- India (1.0K tons)
- Slovakia (0.8K tons)
- Mexico (0.3K tons)
- United Arab Emirates (0.2K tons)
- Vietnam (0.2K tons)
Imports of Steel Alloy Wire of Silico-Manganese Steel in Malaysia
In 2022, imports of steel alloy wire of silico-manganese steels into Malaysia surged to 17K tons, picking up by 72% on 2021 figures. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $15M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.7 | 5.0 | 9.2 | 14.7 | 46.2% |
| Thailand | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 5.0 | 5.2 | 9.5 | 15.1 | 44.5% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Malaysia in 2022:
- China (16.4K tons)
- Thailand (0.2K tons)
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