South-Eastern Asia: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in South-Eastern Asia

In 2022, the Southeast Asian non-alloy steel h-sections market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Production in South-Eastern Asia

In value terms, non-alloy steel h-sections production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Non-Alloy Steel H-Sections Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of h-sections of of non-alloy steel were exported in South-Eastern Asia; surging by X% on the previous year. Total exports indicated a perceptible increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel h-sections exports skyrocketed to $X in 2022. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Thailand was the largest exporter of h-sections of of non-alloy steel in South-Eastern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Vietnam (X tons) held the second position in the ranking, distantly followed by Singapore (X tons) and Malaysia (X tons). All these countries together took near X% share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of h-sections of of non-alloy steel. At the same time, Vietnam (X%), Malaysia (X%) and Singapore (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. Vietnam (X p.p.), Singapore (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest non-alloy steel h-sections supplying countries in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated tangible 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, non-alloy steel h-sections export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain 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 ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and Singapore ($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.

Non-Alloy Steel H-Sections Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of h-sections of of non-alloy steel was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports soared to $X in 2022. Over the period under review, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons) and Malaysia (X tons) were the major importers of h-sections of of non-alloy steel in South-Eastern Asia, together creating X% of total imports. Myanmar (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and Indonesia (X%). The following importers - Thailand (X tons) and Vietnam (X tons) - each reached an X% share 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, the largest non-alloy steel h-sections importing markets in South-Eastern Asia were the Philippines ($X), Malaysia ($X) and Singapore ($X), together comprising X% of total imports.

Among 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

The import price in South-Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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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