Malaysia: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Malaysia

The Malaysian market for raw steel and steel semi-finished products was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Malaysia

In value terms, production of raw steel and steel semi-finished products declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a mild decline. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Malaysia

In 2022, approx. X tons of raw steel and steel semi-finished products were exported from Malaysia; which is down by X% compared with 2021 figures. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of raw steel and steel semi-finished products reduced sharply to $X in 2022. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports of reached the maximum at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Indonesia (X tons), the Philippines (X tons) and Thailand (X tons) were the main destinations of exports of raw steel and steel semi-finished products from Malaysia, together accounting for X% of total exports. China, Turkey, Taiwan (Chinese), Italy and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Philippines ($X) and Thailand ($X) appeared to be the largest markets for raw steel and steel semi-finished products exported from Malaysia worldwide, together accounting for X% of total exports. China, Taiwan (Chinese), Turkey, Italy and South Korea lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), 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 export price for raw steel and steel semi-finished products amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Malaysia

In 2022, the amount of raw steel and steel semi-finished products imported into Malaysia declined rapidly to X tons, waning by X% compared with the previous year's figure. In general, imports faced a sharp reduction. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of raw steel and steel semi-finished products fell rapidly to $X in 2022. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of raw steel and steel semi-finished products to Malaysia, with a X% share of total imports. Moreover, imports of raw steel and steel semi-finished products from China exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a X% share.

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

In value terms, China ($X), France ($X) and Italy ($X) constituted the largest raw steel and steel semi-finished products suppliers to Malaysia, together accounting for X% of total imports.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 import price for raw steel and steel semi-finished products amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price enjoyed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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