China - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's April 2023 Export of Stainless Steel Angles Soars to $16M
China Stainless Steel Angle Exports
In April 2023, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel increased by 17% to 7.3K tons, rising for the second consecutive month after three months of decline. Overall, exports, however, showed a mild downturn. The growth pace was the most rapid in August 2022 with an increase of 117% against the previous month. As a result, the exports attained the peak of 17K tons. From September 2022 to April 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, stainless steel angle exports expanded sharply to $16M (IndexBox estimates) in April 2023. In general, exports recorded measured growth. The most prominent rate of growth was recorded in May 2022 with an increase of 78% m-o-m.
| COUNTRY | Export Value of Stainless Steel Angle in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| South Korea | 2.1 | 1.4 | 2.4 | 5.0 | 2.7 | 4.7 | 4.8 | 2.2 | 2.0 | 2.5 | 1.7 | 3.4 | 3.1 |
| Vietnam | 0.1 | 0.4 | 0.5 | 1.7 | 1.7 | 1.4 | 0.5 | 1.5 | 0.5 | 0.5 | < 0.1 | 0.9 | 2.2 |
| Indonesia | 0.3 | 5.1 | 1.9 | 1.6 | 2.1 | 1.0 | 0.8 | 1.5 | 1.9 | 1.4 | 2.5 | 0.8 | 1.5 |
| Russia | 0.2 | 0.4 | 1.2 | 0.7 | 0.4 | 0.4 | 1.6 | 0.6 | 0.4 | 0.9 | 0.7 | 0.8 | 1.3 |
| Thailand | 0.5 | 0.7 | 1.2 | 1.9 | 2.4 | 1.4 | 1.2 | 2.3 | 2.0 | 0.9 | 0.9 | 0.9 | 0.8 |
| Malaysia | 0.7 | 0.1 | 0.5 | 0.9 | < 0.1 | 0.3 | 0.3 | 0.6 | 0.5 | < 0.1 | 0.2 | 0.3 | 0.7 |
| Bangladesh | < 0.1 | < 0.1 | < 0.1 | 0.3 | 0.2 | < 0.1 | < 0.1 | 0.1 | < 0.1 | < 0.1 | < 0.1 | 0.2 | 0.5 |
| Singapore | < 0.1 | 0.2 | 0.6 | 0.1 | 0.6 | 0.3 | 0.8 | 0.2 | 0.4 | 0.5 | 0.2 | 0.9 | 0.5 |
| Philippines | 0.2 | 1.9 | 0.6 | 2.6 | 1.5 | 1.4 | 2.3 | 1.9 | 2.9 | 2.3 | 0.9 | 1.0 | 0.3 |
| Others | 6.9 | 9.6 | 9.9 | 11.2 | 17.2 | 7.7 | 9.2 | 9.4 | 7.1 | 4.9 | 3.1 | 5.5 | 5.4 |
| Total | 11.1 | 19.8 | 18.7 | 26.0 | 28.7 | 18.6 | 21.7 | 20.2 | 17.6 | 13.9 | 10.2 | 14.6 | 16.3 |
Exports by Country
Vietnam (1.6K tons), South Korea (1.4K tons) and Singapore (623 tons) were the main destinations of stainless steel angle exports from China, together accounting for 50% of total exports. These countries were followed by Indonesia, Thailand, Bangladesh, Russia, Malaysia and the Philippines, which together accounted for a further 17%.
From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +69.4%), while the other leaders experienced more modest paces of growth.
In value terms, South Korea ($3.1M), Vietnam ($2.2M) and Indonesia ($1.5M) constituted the largest markets for stainless steel angle exported from China worldwide, with a combined 42% share of total exports. Russia, Thailand, Malaysia, Singapore, Bangladesh and the Philippines lagged somewhat behind, together accounting for a further 25%.
Bangladesh, with a CAGR of +35.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Steel, alloy; angles, shapes and sections (4.8K tons) and steel, stainless (2.5K tons) were the main products of stainless steel angle exports from China.
From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by steel, stainless; angles, shapes and sections (with a CAGR of +8.5%).
In value terms, steel, stainless ($12M) remains the largest type of stainless steel angle exported from China, comprising 76% of total exports. The second position in the ranking was taken by steel, alloy; angles, shapes and sections ($3.9M), with a 24% share of total exports.
From April 2022 to April 2023, the average monthly growth rate of the export volume of steel, stainless totaled +11.8%.
Export Prices by Country
In April 2023, the stainless steel angle price amounted to $2,239 per ton (FOB, China), which is down by -4.1% against the previous month. Overall, the export price, however, posted resilient growth. The pace of growth appeared the most rapid in June 2022 when the average export price increased by 66% m-o-m. The export price peaked at $3,266 per ton in July 2022; however, from August 2022 to April 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In April 2023, the country with the highest price was Russia ($7,829 per ton), while the average price for exports to Singapore ($868 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the stainless steel angle market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24107200 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of stainless steel
- Prodcom 24107300 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of other alloy steel
- Prodcom 24312050 - Sections, of alloy steel other than stainless, cold-finished or cold-formed (e.g. by cold-drawing)
- Prodcom 24331200 - Cold-formed sections, obtained from flat products, of stainless steel
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
