South-Eastern Asia: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in South-Eastern Asia

The Southeast Asian stainless steel angle market contracted to $X in 2022, declining by X% against the previous year. Overall, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Stainless Steel Angle Production in South-Eastern Asia

In value terms, stainless steel angle production fell to $X in 2022 estimated in export price. The total production indicated a modest increase 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Stainless Steel Angle Exports

Exports in South-Eastern Asia

In 2022, after four years of decline, there was growth in overseas shipments of angles, shapes and sections of stainless steel or other alloy steel, when their volume increased by X% to X tons. Overall, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, stainless steel angle exports reduced to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Singapore was the key exporter of angles, shapes and sections of stainless steel or other alloy steel in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Vietnam (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%) and Malaysia (X%). Indonesia (X tons) followed a long way behind the leaders.

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

In value terms, Singapore ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

Indonesia, 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, waning by X% against the previous year. Over the period under review, the export price, however, posted perceptible growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($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 mixed trends in the export price figures.

Stainless Steel Angle Imports

Imports in South-Eastern Asia

For the sixth year in a row, South-Eastern Asia recorded decline in purchases abroad of angles, shapes and sections of stainless steel or other alloy steel, which decreased by X% to X tons in 2022. In general, imports faced a abrupt descent. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, stainless steel angle imports reduced to $X in 2022. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons), Singapore (X tons) and Vietnam (X tons) represented the key importer of angles, shapes and sections of stainless steel or other alloy steel in South-Eastern Asia, making up X% of total import. Malaysia (X tons) ranks next in terms of the total imports with an X% share, followed by the Philippines (X%) and Thailand (X%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest stainless steel angle importing markets in South-Eastern Asia were Vietnam ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total imports. Thailand, Malaysia, the Philippines and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of 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, increasing by X% against the previous year. Overall, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Thailand ($X per ton), while Lao People's Democratic Republic ($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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