Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $4,043 per ton in 2022, increasing by 15% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $4,371 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($5,727 per ton), while the price for Japan ($3,102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia (FOB) - 2022
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $1,820 per ton in 2022, waning by -19.9% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 48%. Over the period under review, the average export prices attained the peak figure at $4,661 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($5,663 per ton), while the average price for exports to Bangladesh ($671 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia
Imports of stainless steel bars and rods, angles, shapes and sectionses into Malaysia totaled 24K tons in 2022, approximately equating 2021 figures. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $96M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 15.4 | 15.5 | 24.1 | 29.0 | 23.5% |
| China | 9.2 | 7.9 | 15.5 | 19.5 | 28.5% |
| Italy | 7.2 | 5.4 | 10.1 | 12.5 | 20.2% |
| United States | 5.5 | 3.9 | 6.8 | 10.8 | 25.2% |
| Taiwan (Chinese) | 6.5 | 4.4 | 5.7 | 6.4 | -0.5% |
| Japan | 4.2 | 4.3 | 4.2 | 3.6 | -5.0% |
| Germany | 4.9 | 4.2 | 3.7 | 3.5 | -10.6% |
| Thailand | 2.5 | 2.6 | 3.8 | 3.5 | 11.9% |
| Others | 9.5 | 8.0 | 9.1 | 7.7 | -6.8% |
| Total | 65.1 | 56.3 | 83.0 | 96.4 | 14.0% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Malaysia in 2022:
- India (9.0K tons)
- China (4.8K tons)
- Italy (2.2K tons)
- United States (2.1K tons)
- Taiwan (Chinese) (1.5K tons)
- Japan (1.2K tons)
- Germany (0.8K tons)
- Thailand (0.8K tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses exported from Malaysia dropped markedly to 14K tons, shrinking by -20.7% compared with the year before. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 98% against the previous year. As a result, the exports attained the peak of 18K tons, and then dropped notably in the following year.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses shrank sharply to $25M in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 79% against the previous year. As a result, the exports reached the peak of $40M, and then contracted sharply in the following year.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 11.3 | 7.7 | 9.8 | 6.1 | -18.6% |
| Bangladesh | 0.1 | N/A | 6.7 | 4.2 | 247.6% |
| India | 4.9 | 2.1 | 9.9 | 4.0 | -6.5% |
| South Korea | 0.1 | 0.1 | 1.4 | 3.4 | 224.0% |
| Singapore | 4.6 | 3.8 | 6.1 | 2.2 | -21.8% |
| Philippines | 0.7 | 0.6 | 0.7 | 1.4 | 26.0% |
| Indonesia | 0.7 | 1.0 | 1.0 | 1.2 | 19.7% |
| Taiwan (Chinese) | 1.6 | 3.1 | 0.1 | 0.1 | -60.3% |
| Others | 5.8 | 4.0 | 4.4 | 3.0 | -19.7% |
| Total | 29.9 | 22.4 | 40.1 | 25.5 | -5.2% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Malaysia in 2022:
- Bangladesh (6.3K tons)
- India (3.1K tons)
- Thailand (1.5K tons)
- South Korea (1.1K tons)
- Singapore (0.6K tons)
- Indonesia (0.3K tons)
- Philippines (0.2K tons)
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