Eastern Asia: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Eastern Asia

The East Asian stainless steel angle market surged to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Stainless Steel Angle Production in Eastern Asia

In value terms, stainless steel angle production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Stainless Steel Angle Exports

Exports in Eastern Asia

In 2022, the amount of angles, shapes and sections of stainless steel or other alloy steel exported in Eastern Asia fell remarkably to X tons, which is down by X% compared with the previous year's figure. Overall, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports declined significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X tons), achieving a X% share of total exports. The following exporters - South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. Japan (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest stainless steel angle supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, stainless steel angle exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price showed buoyant growth. As a result, the export price reached 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 Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Stainless Steel Angle Imports

Imports in Eastern Asia

Stainless steel angle imports reduced rapidly to X tons in 2022, declining by X% compared with 2021 figures. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports plummeted to $X in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea represented the major importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by China (X tons), mixing up a X% share of total imports. Taiwan (Chinese) (X tons) held a little share of total imports.

Imports into South Korea decreased at an average annual rate of X% from 2012 to 2022. China (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stainless steel angle importing markets in Eastern Asia were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. 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 Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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