Price for Steel, Stainless; Angles, Shapes and Sections in Malaysia - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Malaysia (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Malaysia (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Malaysia
- Exports of Steel, Stainless; Angles, Shapes and Sections in Malaysia
Price for Steel, Stainless; Angles, Shapes and Sections in Malaysia (CIF) - 2022
The average import price for steel, stainless stood at $2,868 per ton in 2022, with a decrease of -9.4% against the previous year. Over the period under review, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 26%. Over the period under review, average import prices reached the peak figure at $4,181 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($7,096 per ton), while the price for Japan ($2,572 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Angles, Shapes and Sections in Malaysia (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $2,961 per ton, falling by -6.9% against the previous year. Overall, the export price showed a perceptible decline. The growth pace was the most rapid in 2013 an increase of 135% against the previous year. As a result, the export price reached the peak level of $9,678 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($7,994 per ton), while the average price for exports to Papua New Guinea ($1,282 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 India (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Malaysia
In 2022, approx. 4K tons of steel, stainless were imported into Malaysia; remaining stable against the previous year. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of steel, stainless declined to $11M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. As a result, imports reached the peak of $12M, and then declined in the following year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.7 | 3.7 | 4.9 | 6.5 | 20.7% |
| China | 3.0 | 1.7 | 4.6 | 3.1 | 1.1% |
| Japan | 0.6 | 0.9 | 1.0 | 0.9 | 14.5% |
| United States | 0.2 | 0.2 | 0.1 | 0.7 | 51.8% |
| Indonesia | N/A | N/A | 1.1 | N/A | 0% |
| Singapore | 0.7 | 0.3 | 0.3 | N/A | -34.5% |
| Others | 0.4 | 0.2 | 0.5 | 0.3 | -9.1% |
| Total | 8.5 | 7.0 | 12.4 | 11.4 | 10.3% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Malaysia in 2022:
- India (2262.7 tons)
- China (1096.3 tons)
- Japan (341.2 tons)
- United States (181.0 tons)
- Singapore (6.7 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Malaysia
In 2022, approx. 873 tons of steel, stainless were exported from Malaysia; dropping by -54.7% on 2021 figures. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 130% against the previous year. As a result, the exports reached the peak of 1.9K tons, and then fell significantly in the following year.
In value terms, exports of steel, stainless shrank dramatically to $2.6M in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. As a result, the exports attained the peak of $6.1M, and then plummeted in the following year.
| Export of Steel, Stainless; Angles, Shapes and Sections in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,080 | 1,100 | 1,650 | 1,007 | -2.3% |
| Germany | 1,480 | 1,194 | 1,197 | 637 | -24.5% |
| Bangladesh | 86.7 | N/A | 37.0 | 292 | 49.9% |
| Netherlands | N/A | N/A | N/A | 122 | 0% |
| Papua New Guinea | 16.9 | 16.4 | 20.3 | 99.3 | 80.4% |
| Hong Kong SAR | 185 | 228 | 195 | 81.7 | -23.8% |
| Vietnam | 325 | 198 | 82.8 | 72.4 | -39.4% |
| Taiwan (Chinese) | N/A | N/A | 33.6 | 54.8 | 63.1% |
| Thailand | 1,509 | 1,372 | 754 | 42.9 | -69.5% |
| Italy | 209 | 231 | 252 | 23.6 | -51.7% |
| Switzerland | 476 | 29.1 | 129 | 9.3 | -73.1% |
| United Arab Emirates | N/A | N/A | 1,179 | N/A | 0% |
| Others | 562 | 237 | 614 | 149 | -35.8% |
| Total | 5,928 | 4,606 | 6,144 | 2,591 | -24.1% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Malaysia in 2022:
- Singapore (332.4 tons)
- Germany (233.7 tons)
- Bangladesh (87.8 tons)
- Papua New Guinea (77.4 tons)
- Hong Kong SAR (32.1 tons)
- Netherlands (22.6 tons)
- Taiwan (Chinese) (16.1 tons)
- Vietnam (12.5 tons)
- Thailand (9.8 tons)
- Italy (7.4 tons)
- Switzerland (1.4 tons)
496
This report provides an in-depth analysis of the stainless steel angle market in Malaysia.
526
This report provides an in-depth analysis of the market for forged stainless steel bar in Malaysia.
416
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in Malaysia.
613
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Malaysia.
1429
This report provides an in-depth analysis of the global stainless steel angle market.
690
This report provides an in-depth analysis of the global market for forged stainless steel bar.
602
This report provides an in-depth analysis of the global market for hot-rolled round stainless steel.
1755
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
496
This report provides an in-depth analysis of the stainless steel angle market in Malaysia.
526
This report provides an in-depth analysis of the market for forged stainless steel bar in Malaysia.
1459
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
997
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
1143
Despite a slight drop in exports, India continued its dominance in the global trade of stainless steel angles, shapes and sections. In 2014, India exported X thousand tons of stainless steel angles, shapes and sections totaling X million USD, X%
162
Global demand for forged stainless steel bar is forecasted to increase over the next seven years, with the market volume expected to reach 4.3M tons and value to reach $22.1B by 2030. China leads in consumption and production, while India and the United States also play significant roles in the market. Import and export prices and trends are analyzed, with India emerging as a major exporter of forged stainless steel bars.
186
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1501
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4538
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1201
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
1459
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
997
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
