South-Eastern Asia: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in South-Eastern Asia

The Southeast Asian iron or steel towers market rose remarkably to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Production of Iron Or Steel Towers And Lattice Masts in South-Eastern Asia

In value terms, iron or steel towers production expanded sharply to $X in 2023 estimated in export price. The total production indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in South-Eastern Asia

In 2023, overseas shipments of iron or steel towers and lattice masts decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, iron or steel towers exports dropped to $X in 2023. Over the period under review, exports, however, continue to indicate a noticeable expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Vietnam was the largest exporter of iron or steel towers and lattice masts in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. Indonesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Towers And Lattice Masts

Imports in South-Eastern Asia

In 2023, purchases abroad of iron or steel towers and lattice masts was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports saw a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, iron or steel towers imports expanded slightly to $X in 2023. Total imports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The Philippines was the largest importer of iron or steel towers and lattice masts in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Lao People's Democratic Republic (X%), Myanmar (X%), Singapore (X%) and Cambodia (X%). Vietnam (X tons) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), Singapore (X%), Malaysia (X%), Lao People's Democratic Republic (X%), Vietnam (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of the Philippines (X p.p.), Myanmar (X p.p.), Malaysia (X p.p.), Singapore (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported iron or steel towers and lattice masts in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the Philippines totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform