Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $718 per ton in 2022, shrinking by -11.4% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +24.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 40%. As a result, import price attained the peak level of $811 per ton, and then dropped in the following year.
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 Japan ($1,230 per ton), while the price for Vietnam ($663 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (FOB) - 2022
In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $619 per ton, shrinking by -22.2% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The pace of growth was the most pronounced in 2021 an increase of 34% against the previous year. The export price peaked at $886 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($1,961 per ton), while the average price for exports to Indonesia ($550 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 Taiwan (Chinese) (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia
Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Malaysia dropped significantly to 140K tons in 2022, shrinking by -17.4% on 2021. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses contracted rapidly to $101M in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 115%. As a result, imports attained the peak of $138M, and then shrank rapidly in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.7 | 44.5 | 76.7 | 41.3 | -18.3% |
| India | N/A | N/A | 14.0 | 21.9 | 56.4% |
| Vietnam | 1.0 | 0.6 | 12.8 | 17.7 | 160.6% |
| South Korea | 12.0 | 9.5 | 21.2 | 13.4 | 3.7% |
| Taiwan (Chinese) | 6.6 | 2.5 | 5.1 | 3.5 | -19.1% |
| Brazil | 9.1 | 5.3 | 6.8 | 1.5 | -45.2% |
| United Arab Emirates | 12.2 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 1.5 | 1.3 | 1.6 | -5.6% |
| Total | 118 | 64.0 | 138 | 101 | -5.1% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Malaysia in 2022:
- China (59.1K tons)
- India (32.9K tons)
- Vietnam (26.7K tons)
- South Korea (13.9K tons)
- Taiwan (Chinese) (4.4K tons)
- Brazil (1.6K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia
In 2022, overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by 313% to 14K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous curtailment.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $8.8M in 2022. In general, exports, however, saw a precipitous decrease.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.9 | 4.4 | 1.5 | 6.7 | 11.0% |
| China | N/A | 0.2 | 0.2 | 0.7 | 87.1% |
| South Korea | N/A | N/A | N/A | 0.7 | 0% |
| Singapore | N/A | 0.2 | N/A | 0.4 | 41.4% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.9 | 0.3 | 14.5% |
| Thailand | 2.3 | 0.7 | N/A | N/A | -69.6% |
| Vietnam | 8.8 | 9.1 | N/A | N/A | 3.4% |
| Others | 1.5 | N/A | 0.1 | N/A | -74.2% |
| Total | 17.8 | 14.9 | 2.8 | 8.8 | -20.9% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Malaysia in 2022:
- Indonesia (12.2K tons)
- South Korea (0.7K tons)
- China (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
- Singapore (0.2K tons)
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