Asia-Pacific: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Asia-Pacific

The Asia-Pacific stainless steel angle market expanded rapidly to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Stainless Steel Angle Production in Asia-Pacific

In value terms, stainless steel angle production dropped slightly to $X in 2022 estimated in export price. In general, production showed a mild contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Stainless Steel Angle Exports

Exports in Asia-Pacific

In 2022, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were exported in Asia-Pacific; with a decrease of X% on 2021 figures. In general, exports showed a sharp contraction. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, stainless steel angle exports contracted notably to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China was the key exporter of angles, shapes and sections of stainless steel or other alloy steel in Asia-Pacific, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), making up a X% share of total exports. Singapore (X tons), Japan (X tons), South Korea (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to stainless steel angle exports from China stood at X%. Japan and India experienced a relatively flat trend pattern. Singapore (X%), Vietnam (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Japan, Singapore and Vietnam increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stainless steel angle supplying countries in Asia-Pacific were China ($X), India ($X) and Japan ($X), together accounting for X% of total exports.

In terms of the main exporting countries, India, with a CAGR of X%, saw 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 Asia-Pacific stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($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.

Stainless Steel Angle Imports

Imports in Asia-Pacific

In 2022, stainless steel angle imports in Asia-Pacific fell remarkably to X tons, with a decrease of X% on 2021. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, stainless steel angle imports declined sharply to $X in 2022. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons), distantly followed by Indonesia (X tons), Singapore (X tons), Vietnam (X tons), China (X tons), Australia (X tons), India (X tons) and Sri Lanka (X tons) were the major importers of angles, shapes and sections of stainless steel or other alloy steel, together mixing up X% of total imports. Bangladesh (X tons), Malaysia (X tons), the Philippines (X tons) and Thailand (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 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 stainless steel angle importing markets in Asia-Pacific were South Korea ($X), Vietnam ($X) and China ($X), with a combined X% share of total imports. Singapore, Indonesia, Australia, Thailand, India, Malaysia, the Philippines, Sri Lanka and Bangladesh lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded 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

The import price in Asia-Pacific stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price saw a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Bangladesh ($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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