South-Eastern Asia: Overview of the Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2021

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 fell rapidly to $X in 2019, with a decrease of -X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2019, consumption remained at a 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 soared to $X in 2019 estimated in export prices. Over the period under review, production recorded a significant increase. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

Production By Country in South-Eastern Asia

Singapore (X tonnes) constituted the country with the largest volume of hot-rolled wire stainless steel rod production, comprising approx. X% of total volume.

In Singapore, hot-rolled wire stainless steel rod production expanded at an average annual rate of +X% over the period from 2007-2019.

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

Exports in South-Eastern Asia

In 2019, after three years of decline, there was significant growth in shipments abroad of hot-rolled wire rod in coil of stainless steel, when their volume increased by X% to X tonnes. In general, exports continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2014 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports skyrocketed to $X in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

Singapore represented the main exporter of hot-rolled wire rod in coil of stainless steel in South-Eastern Asia, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2019. Malaysia (X tonnes) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). Viet Nam (X tonnes) and Cambodia (X tonnes) took a little share of total exports.

From 2007 to 2019, the biggest increases were in Singapore, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest hot-rolled wire stainless steel rod supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Singapore, hot-rolled wire stainless steel rod exports increased at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+X% per year) and Malaysia (-X% per year).

Export Prices by Country

In 2019, the export price for hot-rolled wire rod in coil of stainless steel in South-Eastern Asia amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price saw a mild setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

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

Imports in South-Eastern Asia

In 2019, the amount of hot-rolled wire rod in coil of stainless steel imported in South-Eastern Asia declined sharply to X tonnes, with a decrease of -X% compared with the year before. Overall, imports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod imports reduced remarkably to $X in 2019. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tonnes), Viet Nam (X tonnes) and Malaysia (X tonnes) represented roughly X% of total imports of hot-rolled wire rod in coil of stainless steel in 2019. It was distantly followed by Indonesia (X tonnes), creating a X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Viet Nam, while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Viet Nam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2019, together accounting for X% of total imports.

Viet Nam recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price for hot-rolled wire rod in coil of stainless steel in South-Eastern Asia stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Viet Nam ($X per tonne) and Indonesia ($X per tonne), while Malaysia ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled wire rod in coil of stainless steel in South-Eastern Asia?

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The countries with the highest volumes of hot-rolled wire stainless steel rod consumption in 2019 were Thailand (46K tonnes), Viet Nam (36K tonnes) and Malaysia (24K tonnes), together accounting for 90% of total consumption.

What are the largest producers of hot-rolled wire rod in coil of stainless steel in South-Eastern Asia?

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Singapore (4K tonnes) constituted the country with the largest volume of hot-rolled wire stainless steel rod production, accounting for 99% of total volume.

What are the leading exporters of hot-rolled wire rod in coil of stainless steel in South-Eastern Asia?

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In value terms, Singapore ($3.3M) remains the largest hot-rolled wire stainless steel rod supplier in South-Eastern Asia, comprising 54% of total exports. The second position in the ranking was occupied by Thailand ($1.3M), with a 21% share of total exports. It was followed by Malaysia, with a 16% share.

What are the leading importers of hot-rolled wire rod in coil of stainless steel in South-Eastern Asia?

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In value terms, the largest hot-rolled wire stainless steel rod importing markets in South-Eastern Asia were Thailand ($114M), Viet Nam ($94M) and Malaysia ($54M), together accounting for 92% of total imports.

What is the average export price for hot-rolled wire rod in coil of stainless steel in South-Eastern Asia?

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The export price for hot-rolled wire rod in coil of stainless steel in South-Eastern Asia stood at $2,494 per tonne in 2019, waning by -10.6% against the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in South-Eastern Asia?

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The import price for hot-rolled wire rod in coil of stainless steel in South-Eastern Asia stood at $2,495 per tonne in 2019, rising by 7.2% against the previous year.