South-Eastern Asia: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in South-Eastern Asia

In 2020, after three years of growth, there was decline in the Southeast Asian iron and steel wire market, when its value decreased by -X% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2019, and then declined slightly in the following year.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in South-Eastern Asia

In value terms, iron and steel wire production dropped slightly to $X in 2020 estimated in export prices. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. The level of production peaked at $X in 2019, and then reduced slightly in the following year.

Production By Country in South-Eastern Asia

The countries with the highest volumes of iron and steel wire production in 2020 were Vietnam (X tons), Thailand (X tons) and Malaysia (X tons), together accounting for X% of total production. Singapore lagged somewhat behind, comprising a further X 2007 to 2020, the most notable rate of growth in terms of iron and steel wire production, amongst the leading producing countries, was attained by Singapore, while iron and steel wire production for the other leaders experienced more modest paces of growth.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports in South-Eastern Asia

In 2020, after four years of growth, there was significant decline in overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X tons. Total exports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. The volume of export peaked at X tons in 2019, and then shrank notably in the following year.

In value terms, iron and steel wire exports declined to $X in 2020. Total exports indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then fell in the following year.

Exports by Country

In 2020, Vietnam (X tons), Malaysia (X tons) and Thailand (X tons) was the main exporter of wire of iron or non-alloy steel (stainless steel or other alloy steel) in South-Eastern Asia, constituting X% of total export. Singapore (X tons) took the next position in the ranking, followed by Indonesia (X tons). All these countries together held approx. X% share of total exports.

From 2007 to 2020, the biggest increases were in Vietnam, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire supplying countries in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports.

Among the main exporting countries, Vietnam recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the iron and steel wire export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced a decline in the export price figures.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports in South-Eastern Asia

In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were imported in South-Eastern Asia; waning by -X% compared with the previous year. Total imports indicated tangible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports dropped to $X in 2020. Total imports indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. The level of import peaked at $X in 2019, and then contracted in the following year.

Imports by Country

Thailand (X tons) and Vietnam (X tons) were the largest importers of wire of iron or non-alloy steel (stainless steel or other alloy steel) in 2020, resulting at near X% and X% of total imports, respectively. Malaysia (X tons) ranks next in terms of the total imports with a X% share, followed by Indonesia (X%), Myanmar (X%) and the Philippines (X%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Myanmar, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total imports. These countries were followed by Malaysia, the Philippines, Myanmar and Lao People's Democratic Republic, which together accounted for a further X the main importing countries, Myanmar saw 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

In 2020, the iron and steel wire import price in South-Eastern Asia amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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