Price for Steel, Alloy; Ingots and Other Primary Forms in Malaysia - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Malaysia (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Malaysia (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Malaysia
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Malaysia
Price for Steel, Alloy; Ingots and Other Primary Forms in Malaysia (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $4,960 per ton, growing by 37% against the previous year. Overall, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 1,880% against the previous year. As a result, the export price attained the peak level of $9,513 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($16,729 per ton), while the average price for exports to Singapore ($2,319 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 France (-10.0%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Ingots and Other Primary Forms in Malaysia (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $7,432 per ton in 2022, increasing by 64% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 142%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +1.7% per year.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Malaysia
In 2022, the amount of steel, alloy; ingots and other primary formses exported from Malaysia skyrocketed to 6.7 tons, rising by 76% compared with the year before. Over the period under review, exports, however, showed a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 1,535% against the previous year.
In value terms, exports of steel, alloy; ingots and other primary formses skyrocketed to $33K in 2022. Overall, exports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 521% against the previous year.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 25.3 | N/A | 11.0 | 29.5 | 5.3% |
| New Zealand | N/A | N/A | N/A | 3.5 | 0% |
| Singapore | 4.8 | N/A | 2.7 | 0.1 | -72.5% |
| Philippines | 38.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 2.2 | N/A | N/A | 0% |
| Total | 68.1 | 2.2 | 13.7 | 33.1 | -21.4% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Malaysia in 2022:
- France (6.4 tons)
- New Zealand (0.2 tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Malaysia
In 2022, supplies from abroad of steel, alloy; ingots and other primary formses decreased by -98.6% to 442 kg, falling for the second year in a row after two years of growth. Overall, imports showed a sharp decline. The pace of growth appeared the most rapid in 2020 when imports increased by 858% against the previous year. As a result, imports reached the peak of 111 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, alloy; ingots and other primary formses dropped notably to $3.3K in 2022. In general, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 472% against the previous year. As a result, imports attained the peak of $476K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 17.5 | 6.9 | 3.3 | -56.6% |
| Thailand | N/A | N/A | 111 | N/A | 0% |
| Germany | N/A | 46.1 | N/A | N/A | 0% |
| China | N/A | 317 | 6.3 | N/A | -98.0% |
| United Kingdom | 56.3 | 39.6 | 1.4 | N/A | -84.2% |
| France | N/A | 15.7 | N/A | N/A | 0% |
| Indonesia | 22.4 | 15.7 | N/A | N/A | -29.9% |
| Singapore | 4.6 | 14.9 | 3.2 | N/A | -16.6% |
| Others | N/A | 9.5 | 9.2 | N/A | -3.2% |
| Total | 83.3 | 476 | 138 | 3.3 | -65.9% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Malaysia in 2022:
- United States (442.0 kg)
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