ASEAN: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in ASEAN

In 2022, the ASEAN non-alloy steel h-sections market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Production in ASEAN

In value terms, non-alloy steel h-sections production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Alloy Steel H-Sections Exports

Exports in ASEAN

Non-alloy steel h-sections exports amounted to X tons in 2022, increasing by X% compared with the previous year. Total exports indicated a measured increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-alloy steel h-sections exports surged to $X in 2022. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Thailand (X tons) was the largest exporter of h-sections of of non-alloy steel, comprising X% of total exports. Vietnam (X tons) took the second position in the ranking, distantly followed by Singapore (X tons) and Malaysia (X tons). All these countries together took near X% share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of h-sections of of non-alloy steel. At the same time, Vietnam (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam, Singapore and Malaysia increased by X, X and X percentage points, respectively.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, growing by X% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price 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, non-alloy steel h-sections export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and Singapore ($X per ton) were 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.

Non-Alloy Steel H-Sections Imports

Imports in ASEAN

In 2022, supplies from abroad of h-sections of of non-alloy steel was finally on the rise to reach X tons after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports soared to $X in 2022. Overall, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Philippines (X tons) and Malaysia (X tons) represented the main importers of h-sections of of non-alloy steel in 2022, finishing at near X% and X% of total imports, respectively. Myanmar (X tons) ranks next in terms of the total imports with an X% share, followed by Singapore (X%) and Indonesia (X%). The following importers - Thailand (X tons) and Vietnam (X tons) - each finished at an X% share of total imports.

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

In value terms, the largest non-alloy steel h-sections importing markets in ASEAN were the Philippines ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price recorded a slight increase. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Vietnam ($X per ton), while Myanmar ($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

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