Malaysia: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Malaysia

The Malaysian stainless steel angle market contracted slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Stainless steel angle consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Stainless Steel Angle Production in Malaysia

In value terms, stainless steel angle production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Stainless steel angle production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Stainless Steel Angle Exports

Exports from Malaysia

In 2022, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons, falling for the second consecutive year after seven years of growth. Over the period under review, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, stainless steel angle exports contracted markedly to $X in 2022. In general, exports, however, enjoyed a mild increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Singapore (X tons) was the main destination for stainless steel angle exports from Malaysia, with a X% share of total exports. Moreover, stainless steel angle exports to Singapore exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by Papua New Guinea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Papua New Guinea (X% per year).

In value terms, Singapore ($X), Germany ($X) and Bangladesh ($X) were the largest markets for stainless steel angle exported from Malaysia worldwide, together accounting for X% of total exports.

Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average stainless steel angle export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Angle Imports

Imports into Malaysia

In 2022, stainless steel angle imports into Malaysia shrank to X tons, reducing by X% on the previous year. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, stainless steel angle imports contracted to $X in 2022. Over the period under review, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of stainless steel angle to Malaysia, with a X% share of total imports. Moreover, stainless steel angle imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Japan (X% per year).

In value terms, the largest stainless steel angle suppliers to Malaysia were India ($X), China ($X) and Japan ($X), together accounting for X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average stainless steel angle import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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