Malaysia: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Malaysia

The Malaysian stainless steel angle market shrank notably to $X in 2023, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a sharp downturn. Stainless steel angle consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Stainless Steel Angle Exports

Exports from Malaysia

In 2023, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, stainless steel angle exports surged to $X in 2023. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for stainless steel angle exports from Malaysia, accounting for a X% share of total exports. Moreover, stainless steel angle exports to Singapore exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest markets for stainless steel angle exported from Malaysia were Singapore ($X), the Netherlands ($X) and Indonesia ($X), with a combined X% share of total exports. Hong Kong SAR, Germany, Spain, South Korea, France, Bangladesh, Taiwan (Chinese), Maldives, Australia and Papua New Guinea lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to 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 average stainless steel angle export price stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Angle Imports

Imports into Malaysia

Stainless steel angle imports into Malaysia shrank markedly to X tons in 2023, dropping by X% on 2022. Overall, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports fell remarkably to $X in 2023. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Japan (X tons) were the main suppliers of stainless steel angle imports to Malaysia, with a combined X% share of total imports. Singapore, the United States and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), China ($X) and the United States ($X) were the largest stainless steel angle suppliers to Malaysia, together accounting for X% of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price saw a resilient increase. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform