Price for Steel, Stainless; Ingots and Other Primary Forms in Malaysia - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Malaysia (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Malaysia (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Malaysia
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Malaysia
Price for Steel, Stainless; Ingots and Other Primary Forms in Malaysia (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $5,471 per ton, which is down by -14.6% against the previous year. Overall, the import price, however, saw a slight increase. The growth pace was the most rapid in 2013 an increase of 80% against the previous year. As a result, import price attained the peak level of $8,836 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,439 per ton), while the price for Singapore ($3,852 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; Ingots and Other Primary Forms in Malaysia (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $1,713 per ton, picking up by 81% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 164%. The export price peaked at $6,291 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($2,701 per ton), while the average price for exports to China ($1,386 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 Indonesia (+10.7%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Malaysia
In 2022, overseas purchases of steel, stainless; ingots and other primary formses were finally on the rise to reach 15 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous contraction.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $81K in 2022. In general, imports, however, recorded a precipitous decline.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 567 | 11.1 | 40.0 | 70.7 | -50.0% |
| Germany | N/A | 1.5 | 1.5 | 7.4 | 122.1% |
| Singapore | 66.2 | N/A | N/A | 2.5 | -66.4% |
| China | 265 | 50.8 | 4.8 | N/A | -86.5% |
| Sweden | 23.7 | N/A | N/A | N/A | 0% |
| France | 778 | 152 | N/A | N/A | -80.5% |
| Australia | 800 | N/A | N/A | N/A | 0% |
| Qatar | 132 | N/A | N/A | N/A | 0% |
| Others | 158 | N/A | 2.3 | N/A | -87.9% |
| Total | 2,790 | 215 | 48.7 | 80.6 | -69.3% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Malaysia in 2022:
- United States (12.9 tons)
- Germany (1.2 tons)
- Singapore (0.6 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Malaysia
In 2022, the amount of steel, stainless; ingots and other primary formses exported from Malaysia reduced markedly to 13 tons, waning by -85.1% against the year before. Overall, exports recorded a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 651%.
In value terms, exports of steel, stainless; ingots and other primary formses dropped notably to $22K in 2022. Over the period under review, exports faced a sharp setback. The growth pace was the most rapid in 2021 with an increase of 177% against the previous year.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,447 | N/A | 24.3 | 9.3 | -88.0% |
| Singapore | 1.7 | 29.8 | N/A | 6.8 | 58.7% |
| Germany | N/A | N/A | N/A | 6.2 | 0% |
| Hong Kong SAR | 356 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | N/A | 34.4 | N/A | 0% |
| Others | 105 | N/A | 23.9 | N/A | -52.3% |
| Total | 5,910 | 29.8 | 82.6 | 22.2 | -84.5% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Malaysia in 2022:
- China (6.7 tons)
- Germany (3.8 tons)
- Singapore (2.5 tons)
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