Price for Wire of Other Alloy Steel in Malaysia - 2023
Contents:
- Price for Wire of Other Alloy Steel in Malaysia (CIF) - 2022
- Price for Wire of Other Alloy Steel in Malaysia (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Malaysia
- Exports of Wire of Other Alloy Steel in Malaysia
Price for Wire of Other Alloy Steel in Malaysia (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $1,142 per ton, picking up by 4.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,477 per ton), while the price for China ($997 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Wire of Other Alloy Steel in Malaysia (FOB) - 2022
The average export price for wire of other alloy steels stood at $1,525 per ton in 2022, rising by 14% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($1,659 per ton) and Indonesia ($1,654 per ton), while the average price for exports to South Korea ($1,120 per ton) and Sweden ($1,292 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 Slovakia (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Malaysia
In 2022, approx. 54K tons of wire of other alloy steels were imported into Malaysia; with an increase of 8.8% compared with 2021. Over the period under review, imports, however, saw a perceptible shrinkage.
In value terms, wire of other alloy steel imports rose rapidly to $61M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Wire of Other Alloy Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.8 | 24.8 | 32.0 | 39.2 | 4.0% |
| Vietnam | 4.7 | 3.5 | 6.2 | 6.6 | 12.0% |
| South Korea | 3.1 | 2.8 | 5.6 | 5.1 | 18.1% |
| Taiwan (Chinese) | 3.1 | 3.1 | 4.0 | 4.3 | 11.5% |
| Japan | 2.9 | 2.5 | 3.0 | 3.7 | 8.5% |
| Others | 3.5 | 3.4 | 3.5 | 2.5 | -10.6% |
| Total | 52.1 | 40.0 | 54.2 | 61.4 | 5.6% |
Top Suppliers of Wire of Other Alloy Steel to Malaysia in 2022:
- China (39.3K tons)
- Vietnam (6.0K tons)
- South Korea (3.3K tons)
- Taiwan (Chinese) (2.6K tons)
- Japan (1.5K tons)
Exports of Wire of Other Alloy Steel in Malaysia
In 2022, approx. 31K tons of wire of other alloy steels were exported from Malaysia; picking up by 8.1% on 2021. Over the period under review, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 8.3% against the previous year.
In value terms, wire of other alloy steel exports surged to $48M in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 9.2 | 5.3 | 9.6 | 13.4 | 13.4% |
| China | 10.0 | 8.5 | 7.5 | 10.2 | 0.7% |
| Thailand | 3.9 | 3.0 | 3.2 | 3.8 | -0.9% |
| United States | 1.9 | 2.0 | 2.4 | 3.5 | 22.6% |
| India | 4.3 | 3.4 | 3.9 | 3.1 | -10.3% |
| Netherlands | 4.2 | 1.5 | 1.4 | 2.2 | -19.4% |
| Australia | 0.4 | 0.7 | 1.2 | 1.9 | 68.1% |
| Sweden | 2.5 | 1.5 | 3.5 | 1.9 | -8.7% |
| United Kingdom | 4.1 | 2.4 | 3.3 | 1.7 | -25.4% |
| Slovakia | N/A | N/A | 0.3 | 1.1 | 266.7% |
| Vietnam | 0.8 | 1.0 | 1.0 | 1.1 | 11.2% |
| South Korea | N/A | 0.1 | N/A | 0.9 | 200.0% |
| Mexico | 1.0 | 0.7 | N/A | 0.4 | -26.3% |
| Others | 1.6 | 1.7 | 1.1 | 2.4 | 14.5% |
| Total | 43.9 | 32.0 | 38.6 | 47.6 | 2.7% |
Top Export Markets for Wire of Other Alloy Steel from Malaysia in 2022:
- Indonesia (8.1K tons)
- China (6.5K tons)
- Thailand (2.5K tons)
- United States (2.3K tons)
- India (2.0K tons)
- Netherlands (1.6K tons)
- Sweden (1.5K tons)
- United Kingdom (1.3K tons)
- Australia (1.2K tons)
- Slovakia (0.8K tons)
- South Korea (0.8K tons)
- Vietnam (0.7K tons)
- Mexico (0.3K tons)
469
This report provides an in-depth analysis of the market for iron and steel wire in Malaysia.
225
This report provides an in-depth analysis of the market for iron and steel wire in Malaysia.
1934
This report provides an in-depth analysis of the global market for iron and steel wire.
517
This report provides an in-depth analysis of the global market for iron and steel wire.
834
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1500
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
996
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1220
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
664
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
924
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3526
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
751
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
221
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
207
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
