South-Eastern Asia: Iron Angle Market 2024

Iron Angle Market Size in South-Eastern Asia

The Southeast Asian iron angle market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Iron Angle Production in South-Eastern Asia

In value terms, iron angle production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Iron Angle Exports

Exports in South-Eastern Asia

Iron angle exports expanded sharply to X tons in 2022, with an increase of X% compared with 2021. The total export volume 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 growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, iron angle exports surged to $X in 2022. Overall, exports saw a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Thailand represented the largest exporter of angles, shapes and sections (of iron or non-alloy steel) in South-Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%) and Malaysia (X%).

Thailand experienced a relatively flat trend pattern with regard to volume of exports of angles, shapes and sections (of iron or non-alloy steel). At the same time, Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. While the share of Vietnam (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Vietnam, 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 South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated notable growth 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, iron angle export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Singapore ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were 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.

Iron Angle Imports

Imports in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in purchases abroad of angles, shapes and sections (of iron or non-alloy steel), when their volume increased by X% to X tons. The total import volume 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. Over the period under review, imports attained the peak figure at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, iron angle imports surged to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by the Philippines (X tons), Singapore (X tons), Indonesia (X tons) and Myanmar (X tons) represented the largest importers of angles, shapes and sections (of iron or non-alloy steel), together making up X% of total imports. The following importers - Vietnam (X tons) and Thailand (X tons) - together made up X% of total imports.

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

In value terms, Malaysia ($X), the Philippines ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, the Philippines, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a slight 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, iron angle import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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