South-Eastern Asia: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in South-Eastern Asia

In 2022, after five years of growth, there was decline in the Southeast Asian market for ribbed or other deformed wire rod of non-alloy steel, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then dropped slightly in the following year.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in South-Eastern Asia

In value terms, deformed non-alloy steel wire rod production expanded modestly to $X in 2022 estimated in export price. The total production indicated slight growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in South-Eastern Asia

In 2022, shipments abroad of ribbed or other deformed wire rod 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. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod exports reached $X in 2022. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and Malaysia (X tons) represented the largest exporters of ribbed or other deformed wire rod of non-alloy steel in 2022, resulting at near X% and X% of total exports, respectively. It was distantly followed by Singapore (X tons), achieving a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

Malaysia, with a CAGR of X%, saw 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

In 2022, the export price in South-Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, showed mild growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted modestly 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 Vietnam ($X per ton), while Malaysia ($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 a decline in the export price figures.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in South-Eastern Asia

Deformed non-alloy steel wire rod imports reduced markedly to X tons in 2022, waning by X% on the previous year. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, deformed non-alloy steel wire rod imports reduced markedly to $X in 2022. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Singapore dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. The following importers - Lao People's Democratic Republic (X tons), Myanmar (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to deformed non-alloy steel wire rod imports into Singapore stood at X%. Lao People's Democratic Republic (X%), Malaysia (X%) and Myanmar (X%) illustrated a downward trend over the same period. Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Myanmar saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (X% per year) and Myanmar (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Malaysia ($X per ton) and Myanmar ($X per ton), while Singapore ($X per ton) and Lao People's Democratic Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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