South-Eastern Asia: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2022

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in South-Eastern Asia

The Southeast Asian market for hot-rolled wire rod in coil of stainless steel soared to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption, however, showed a pronounced descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in South-Eastern Asia

In value terms, hot-rolled wire stainless steel rod production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in South-Eastern Asia

In 2021, the amount of hot-rolled wire rod in coil of stainless steel exported in South-Eastern Asia surged to X tons, jumping by X% against the year before. In general, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports skyrocketed to $X in 2021. Overall, exports, however, recorded a mild descent. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of hot-rolled wire rod in coil of stainless steel, namely Singapore, represented more than two-thirds of total export.

Singapore was also the fastest-growing in terms of the hot-rolled wire rod in coil of stainless steel exports, with a CAGR of +X% from 2012 to 2021. While the share of Singapore (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest hot-rolled wire stainless steel rod supplier in South-Eastern Asia.

In Singapore, hot-rolled wire stainless steel rod exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The inless steel in South-Eastern Asia stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to -X% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in South-Eastern Asia

In 2021, approx. X tons of hot-rolled wire rod in coil of stainless steel were imported in South-Eastern Asia; rising by X% against the previous year's figure. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled wire stainless steel rod imports skyrocketed to $X in 2021. Overall, imports, however, recorded a noticeable curtailment. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam (X tons) and Thailand (X tons) represented roughly X% of total imports in 2021. It was distantly followed by Malaysia (X tons), Singapore (X tons) and Indonesia (X tons), together achieving a X% share of total imports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports. These countries were followed by Singapore and Indonesia, which together accounted for a further X the main importing countries, Indonesia, 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 2021, the inless steel in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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