Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia - 2024

Contents:

  1. Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia (CIF) - 2022
  2. Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia (FOB) - 2022
  3. Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia
  4. Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia

Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia (CIF) - 2022

In 2022, the average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $6,875 per ton, growing by 51% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia increased by +60.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($7,638 per ton), while the price for Spain ($3,326 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia (FOB) - 2022

The average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $3,047 per ton in 2022, shrinking by -4.1% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the maximum at $7,049 per ton in 2012; however, from 2013 to 2022, the 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 Nigeria ($4,616 per ton), while the average price for exports to Brunei Darussalam ($2,535 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 Hong Kong SAR (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia

In 2022, approx. 2K tons of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia were imported into Malaysia; with an increase of 18% compared with the previous year. In general, imports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 35%.

In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia soared to $13M in 2022. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4,2922,4663,0908,70426.6%
Japan2,7167991,1301,571-16.7%
South Korea6952,2141,30595011.0%
United States12612243175982.0%
Sweden10.811.243.7337214.8%
Taiwan (Chinese)50.61.314823967.8%
Singapore15415854420510.0%
Spain13366.128119213.0%
Thailand7.8534172127153.5%
Others1,393822368367-35.9%
Total9,5787,1937,51213,45112.0%

Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Malaysia in 2022:

  1. China (1140.2 tons)
  2. Japan (205.7 tons)
  3. South Korea (155.0 tons)
  4. United States (134.4 tons)
  5. Sweden (80.0 tons)
  6. Spain (57.8 tons)
  7. Taiwan (Chinese) (44.9 tons)
  8. Singapore (44.0 tons)
  9. Thailand (27.6 tons)

Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia

In 2022, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia from Malaysia declined remarkably to 77 tons, shrinking by -49% compared with the previous year. In general, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 8.3%.

In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia dropped sharply to $234K in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, the exports reached the peak of $485K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore27525575.9111-26.1%
Thailand32.410220677.233.6%
Hong Kong SARN/AN/AN/A21.50%
NigeriaN/AN/AN/A13.30%
Brunei DarussalamN/AN/A57.56.3-89.0%
IndonesiaN/A11911.34.4-80.8%
Myanmar12.2N/AN/AN/A0%
UkraineN/AN/A109N/A0%
Others36.08.919.3N/A-26.8%
Total356485479234-13.1%

Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Malaysia in 2022:

  1. Singapore (35.3 tons)
  2. Thailand (29.5 tons)
  3. Hong Kong SAR (5.7 tons)
  4. Nigeria (2.9 tons)
  5. Brunei Darussalam (2.5 tons)
  6. Indonesia (1.0 tons)

Source: IndexBox Market Intelligence Platform

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