Asia-Pacific: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Asia-Pacific

The Asia-Pacific non-alloy steel i-sections market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Alloy Steel I-Sections Production in Asia-Pacific

In value terms, non-alloy steel i-sections production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Exports

Exports in Asia-Pacific

In 2022, shipments abroad of i-sections of non-alloy steel increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy steel i-sections exports surged to $X in 2022. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and India (X tons) prevails in exports structure, together mixing up X% of total exports. Japan (X tons) ranks next in terms of the total exports with a X% share, followed by Singapore (X%) and Malaysia (X%). Hong Kong SAR (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Export price indicated a modest 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 i-sections export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum 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 Singapore ($X per ton) and Japan ($X per ton), while Hong Kong SAR ($X per ton) and India ($X per ton) were amongst the lowest.

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

Non-Alloy Steel I-Sections Imports

Imports in Asia-Pacific

In 2022, after three years of decline, there was significant growth in supplies from abroad of i-sections of non-alloy steel, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia represented the major importer of i-sections of non-alloy steel in Asia-Pacific, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons), Afghanistan (X tons) and Singapore (X tons), together creating a X% share of total imports. The following importers - Indonesia (X tons), China (X tons), Australia (X tons), South Korea (X tons), Macao SAR (X tons), Japan (X tons), New Zealand (X tons), Nepal (X tons) and the Philippines (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-alloy steel i-sections imports into Malaysia stood at X%. At the same time, Nepal (X%), the Philippines (X%), Hong Kong SAR (X%), Macao SAR (X%), Japan (X%), New Zealand (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, South Korea (X%), Australia (X%), China (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR, Malaysia, Nepal and the Philippines 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, Malaysia ($X) constitutes the largest market for imported i-sections of non-alloy steel in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia amounted to X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain 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 New Zealand ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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