Malaysia - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIron Angle Price in Malaysia - 2021
Contents:
- Iron Angle Price in Malaysia (CIF) - 2021
- Iron Angle Price in Malaysia (FOB) - 2021
- Iron Angle Imports in Malaysia
- Iron Angle Exports in Malaysia
Iron Angle Price in Malaysia (CIF) - 2021
In December 2021, the average iron angle import price amounted to $887 per ton, picking up by 7.6% against the previous month. Over the period under review, import price indicated a moderate increase from December 2020 to December 2021: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, iron angle import price increased by +7.6% against November 2021 indices. The growth pace was the most rapid in September 2021 when the average import price increased by 21% m-o-m. As a result, import price attained the peak level of $905 per ton. From October 2021 to December 2021, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from the United Arab Emirates ($1,071 per ton) and Thailand ($973 per ton), while the price for Turkey ($770 per ton) and China ($810 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron Angle Price in Malaysia (FOB) - 2021
The average iron angle export price stood at $778 per ton in December 2021, which is down by -15.7% against the previous month. Over the period under review, export price indicated a modest increase from December 2020 to December 2021: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, iron angle export price decreased by -21.5% against August 2021 indices. The most prominent rate of growth was recorded in June 2021 an increase of 45% m-o-m. Over the period under review, the average export prices reached the maximum at $991 per ton in August 2021; however, from September 2021 to December 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Singapore ($955 per ton), while the average price for exports to Taiwan (Chinese) ($238 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Iron Angle Imports in Malaysia
In 2022, imports of angles, shapes and sections (of iron or non-alloy steel) into Malaysia shrank modestly to 459K tons, flattening at the year before. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 2.1%.
In value terms, iron angle imports reduced to $290M in 2022. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports reached the peak of $341M, and then shrank in the following year.
Import of Iron Angle in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 52.1 | 46.7 | 89.5 | 73.8 | 12.3% |
Thailand | 69.4 | 23.7 | 92.1 | 69.5 | 0.0% |
China | 79.6 | 74.7 | 77.9 | 68.7 | -4.8% |
South Korea | 69.5 | 53.7 | 40.8 | 41.2 | -16.0% |
Japan | 15.5 | 11.9 | 9.6 | 10.5 | -12.2% |
United Arab Emirates | 8.0 | 10.8 | 13.0 | 9.7 | 6.6% |
Others | 27.5 | 18.3 | 17.6 | 16.8 | -15.1% |
Total | 322 | 240 | 341 | 290 | -3.4% |
Top Suppliers of Iron Angle to Malaysia in 2022:
- Turkey (125.5K tons)
- China (120.7K tons)
- Thailand (90.9K tons)
- South Korea (71.2K tons)
- Japan (17.4K tons)
- United Arab Emirates (12.8K tons)
Iron Angle Exports in Malaysia
In 2022, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) was finally on the rise to reach 110K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a deep setback.
In value terms, iron angle exports surged to $72M in 2022. In general, exports, however, recorded a abrupt shrinkage.
Export of Iron Angle in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 37.1 | 29.1 | 48.3 | 35.9 | -1.1% |
Vietnam | 45.2 | 11.1 | 0.2 | 12.4 | -35.0% |
South Korea | 8.6 | 11.1 | 5.0 | 6.0 | -11.3% |
Thailand | 9.3 | 12.1 | 1.5 | 5.8 | -14.6% |
Myanmar | 9.5 | 10.4 | N/A | 5.2 | -18.2% |
Indonesia | 0.3 | 6.0 | 2.2 | 3.1 | 117.8% |
China | 0.7 | 0.6 | 3.3 | 2.2 | 46.5% |
Taiwan (Chinese) | 4.3 | 0.7 | 0.2 | 1.0 | -38.5% |
Others | 0.9 | 0.8 | 1.4 | 0.4 | -23.7% |
Total | 116 | 81.8 | 62.1 | 72.0 | -14.7% |
Top Export Markets for Iron Angle from Malaysia in 2022:
- Singapore (47.2K tons)
- Vietnam (21.4K tons)
- South Korea (11.1K tons)
- Thailand (9.9K tons)
- Myanmar (8.9K tons)
- Indonesia (4.9K tons)
- China (4.6K tons)
- Taiwan (Chinese) (1.7K tons)
This report provides an in-depth analysis of the iron angle market in Malaysia. 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy steel
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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
-
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
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Discover the top import markets for iron angle and their key statistics. Learn about the demand, import values, and growth potential in these countries. Explore the opportunities for exporters in the global iron angle market.
In 2016, the amount of iron angle imported worldwide totaled X tons, remaining stable against the previous year level. In general, iron angle imports continue to indicate a mild drop. The pace of ...
In 2016, the amount of iron angle imported worldwide totaled X tons, remaining stable against the previous year level. In general, iron angle imports continue to indicate a mild drop. The pace of ...
Despite some negative dynamics in exports, Spain was able to hold on as the leader in the global iron angles, shapes and sections trade. In 2014, Spain exported X million tons of iron angles, shapes and sections totaling X billion USD, which was
The global non-alloy steel h-sections market revenue amounted to $17.9B in 2018, rising by 11% against the previous...
Discover the top import markets for iron angle and their key statistics. Learn about the demand, import values, and growth potential in these countries. Explore the opportunities for exporters in the global iron angle market.
In 2016, the amount of iron angle imported worldwide totaled X tons, remaining stable against the previous year level. In general, iron angle imports continue to indicate a mild drop. The pace of ...
In 2016, the amount of iron angle imported worldwide totaled X tons, remaining stable against the previous year level. In general, iron angle imports continue to indicate a mild drop. The pace of ...
Despite some negative dynamics in exports, Spain was able to hold on as the leader in the global iron angles, shapes and sections trade. In 2014, Spain exported X million tons of iron angles, shapes and sections totaling X billion USD, which was
The global non-alloy steel h-sections market revenue amounted to $17.9B in 2018, rising by 11% against the previous...