Malaysia - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel U-Section Price in Malaysia - 2021
Contents:
- Non-Alloy Steel U-Section Price in Malaysia (CIF) - 2022
- Non-Alloy Steel U-Section Price in Malaysia (FOB) - 2022
- Non-Alloy Steel U-Section Imports in Malaysia
- Non-Alloy Steel U-Section Exports in Malaysia
Non-Alloy Steel U-Section Price in Malaysia (CIF) - 2022
The average non-alloy steel u-section import price stood at $809 per ton in 2022, surging by 19% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +61.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 35%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($1,340 per ton), while the price for Turkey ($732 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Alloy Steel U-Section Price in Malaysia (FOB) - 2022
The average non-alloy steel u-section export price stood at $983 per ton in 2022, increasing by 60% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section export price increased by +64.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($1,289 per ton) and Bangladesh ($1,076 per ton), while the average price for exports to Singapore ($960 per ton) and Indonesia ($1,006 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Alloy Steel U-Section Imports in Malaysia
In 2022, the amount of u-sections of non-alloy steel imported into Malaysia surged to 90K tons, increasing by 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years.
In value terms, non-alloy steel u-section imports surged to $73M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Alloy Steel U-Section in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.6 | 26.6 | 29.7 | 41.7 | 14.7% |
| Thailand | 8.3 | 2.5 | 4.1 | 9.5 | 4.6% |
| Turkey | 2.6 | 4.7 | 9.3 | 8.8 | 50.1% |
| Japan | 4.1 | 8.2 | 5.2 | 8.3 | 26.5% |
| Hong Kong SAR | 1.5 | 1.3 | 1.9 | 2.0 | 10.1% |
| South Korea | 3.2 | 1.9 | 1.0 | 1.7 | -19.0% |
| Others | 1.9 | 1.2 | 1.9 | 0.7 | -28.3% |
| Total | 49.2 | 46.3 | 53.0 | 72.8 | 14.0% |
Top Suppliers of Non-Alloy Steel U-Section to Malaysia in 2022:
- China (54.2K tons)
- Turkey (12.0K tons)
- Thailand (10.3K tons)
- Japan (9.6K tons)
- South Korea (1.7K tons)
- Hong Kong SAR (1.5K tons)
Non-Alloy Steel U-Section Exports in Malaysia
In 2022, shipments abroad of u-sections of non-alloy steel increased by 217% to 5.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep reduction.
In value terms, non-alloy steel u-section exports skyrocketed to $5.8M in 2022. In general, exports, however, saw a deep contraction.
| Export of Non-Alloy Steel U-Section in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 7.2 | 4.9 | 1.1 | 4.9 | -12.0% |
| Indonesia | 0.1 | 0.4 | N/A | 0.3 | 44.2% |
| Vietnam | N/A | N/A | N/A | 0.3 | 0% |
| Bangladesh | N/A | N/A | N/A | 0.2 | 0% |
| South Korea | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 7.5 | 5.7 | 1.2 | 5.8 | -8.2% |
Top Export Markets for Non-Alloy Steel U-Section from Malaysia in 2022:
- Singapore (5.1K tons)
- Indonesia (0.3K tons)
- Vietnam (0.2K tons)
- Bangladesh (0.2K tons)
This report provides an in-depth analysis of the non-alloy steel u-section 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)
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
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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
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