ASEAN: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in ASEAN

In 2023, the ASEAN non-alloy steel h-sections market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Non-Alloy Steel H-Sections Production in ASEAN

In value terms, non-alloy steel h-sections production rose markedly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Exports

Exports in ASEAN

In 2023, approx. X tons of h-sections of of non-alloy steel were exported in ASEAN; declining by X% on 2022. Total exports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel h-sections exports contracted sharply to $X in 2023. Overall, exports, however, showed a modest expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank dramatically in the following year.

Exports by Country

Thailand (X tons) and Vietnam (X tons) represented the largest exporters of h-sections of of non-alloy steel in 2023, finishing at near X% and X% of total exports, respectively. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Non-Alloy Steel H-Sections Imports

Imports in ASEAN

In 2023, overseas purchases of h-sections of of non-alloy steel increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, non-alloy steel h-sections imports plummeted to $X in 2023. Overall, imports saw a temperate expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

The countries with the highest levels of non-alloy steel h-sections imports in 2023 were the Philippines (X tons), Malaysia (X tons) and Singapore (X tons), together finishing at X% of total import. Myanmar (X tons) took the next position in the ranking, followed by Indonesia (X tons) and Thailand (X tons). All these countries together held approx. X% share of total imports. Vietnam (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel h-sections importing markets in ASEAN were the Philippines ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports. Indonesia, Myanmar, Thailand and Vietnam lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform