Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $503 per ton in 2022, with a decrease of -14.6% against the previous year. Over the period under review, the export price recorded a noticeable setback. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. The export price peaked at $722 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ghana ($587 per ton) and Singapore ($567 per ton), while the average price for exports to India ($425 per ton) and Italy ($446 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $653 per ton, with a decrease of -11.6% against the previous year. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35% against the previous year. The import price peaked at $780 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($751 per ton) and Taiwan (Chinese) ($733 per ton), while the price for Singapore ($538 per ton) and India ($562 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses exported from Malaysia expanded rapidly to 2.9M tons, picking up by 15% on the previous year. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 118% against the previous year. As a result, the exports reached the peak of 3.2M tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses declined modestly to $1.4B in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 95%.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 0.1 | 79.3 | 205 | 4427.7% |
| Philippines | 193 | 290 | 146 | 171 | -4.0% |
| United States | 21.0 | 9.8 | N/A | 160 | 96.8% |
| Thailand | 117 | 135 | 216 | 143 | 6.9% |
| South Korea | 3.5 | 39.4 | 185 | 136 | 238.7% |
| Spain | N/A | N/A | N/A | 112 | 0% |
| Myanmar | 32.3 | 75.3 | 9.0 | 106 | 48.6% |
| China | 104 | 618 | 618 | 90.6 | -4.5% |
| Singapore | 5.3 | 1.8 | 15.6 | 53.6 | 116.3% |
| Netherlands | 14.6 | 20.6 | 15.2 | 51.5 | 52.2% |
| India | N/A | N/A | N/A | 41.8 | 0% |
| Ghana | N/A | 16.4 | 19.8 | 30.0 | 35.3% |
| Italy | N/A | N/A | N/A | 20.8 | 0% |
| Others | 227 | 196 | 160 | 113 | -20.7% |
| Total | 718 | 1,403 | 1,464 | 1,433 | 25.9% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Malaysia in 2022:
- Belgium (415.2K tons)
- Philippines (333.6K tons)
- United States (292.6K tons)
- Thailand (278.9K tons)
- South Korea (269.0K tons)
- Myanmar (228.3K tons)
- Spain (225.2K tons)
- China (197.5K tons)
- Netherlands (100.0K tons)
- India (98.4K tons)
- Singapore (94.6K tons)
- Ghana (51.1K tons)
- Italy (46.7K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia
In 2022, supplies from abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -9.8% to 351K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports attained the peak of 389K tons, and then fell in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced notably to $229M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 68%. As a result, imports attained the peak of $287M, and then dropped remarkably in the following year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 86.9 | 52.9 | 64.7 | 72.1 | -6.0% |
| Japan | 22.9 | 18.5 | 51.8 | 52.7 | 32.0% |
| Vietnam | 32.7 | 58.2 | 49.5 | 43.8 | 10.2% |
| Singapore | N/A | 14.8 | 28.1 | 19.1 | 13.6% |
| Taiwan (Chinese) | 5.3 | 7.2 | 11.5 | 11.1 | 27.9% |
| China | 8.8 | 3.3 | 9.5 | 8.5 | -1.1% |
| India | 0.1 | N/A | 7.0 | 7.4 | 319.8% |
| Indonesia | 0.3 | 1.5 | 55.4 | 6.5 | 178.8% |
| Others | 15.0 | 14.2 | 10.1 | 7.7 | -19.9% |
| Total | 172 | 171 | 287 | 229 | 10.0% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Malaysia in 2022:
- South Korea (102.0K tons)
- Vietnam (77.7K tons)
- Japan (70.2K tons)
- Singapore (35.5K tons)
- Taiwan (Chinese) (15.1K tons)
- China (14.2K tons)
- India (13.2K tons)
- Indonesia (11.4K tons)
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