ASEAN: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in ASEAN

The ASEAN stainless steel angle market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption recorded a abrupt decline. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Stainless Steel Angle Production in ASEAN

In value terms, stainless steel angle production contracted to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Stainless Steel Angle Exports

Exports in ASEAN

In 2022, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, stainless steel angle exports fell to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, Singapore (X tons) was the key exporter of angles, shapes and sections of stainless steel or other alloy steel, constituting X% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%) and Malaysia (X%). Indonesia (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle supplying countries in ASEAN were Singapore ($X), Vietnam ($X) and Malaysia ($X), together accounting for X% of total exports. Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Stainless Steel Angle Imports

Imports in ASEAN

In 2022, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were imported in ASEAN; with a decrease of X% against the year before. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel angle imports dropped to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Singapore (X tons) and Vietnam (X tons) represented roughly X% of total imports in 2022. Malaysia (X tons) ranks next in terms of the total imports with an X% share, followed by the Philippines (X%) and Thailand (X%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest stainless steel angle importing markets in ASEAN were Vietnam ($X), Singapore ($X) and Indonesia ($X), together comprising X% of total imports. Thailand, Malaysia, the Philippines and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price showed resilient growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :