South-Eastern Asia: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian non-alloy steel u-section market decreased by X% to $X in 2023. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then fell remarkably in the following year.

Non-Alloy Steel U-Section Production in South-Eastern Asia

In value terms, non-alloy steel u-section production rose significantly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Non-Alloy Steel U-Section Exports

Exports in South-Eastern Asia

In 2023, the amount of u-sections of non-alloy steel exported in South-Eastern Asia surged to X tons, jumping by X% compared with 2022. Overall, exports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, non-alloy steel u-section exports expanded modestly to $X in 2023. Over the period under review, exports showed measured growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Thailand was the major exporting country with an export of around X tons, which finished at X% of total exports. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%).

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Singapore, with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then contracted dramatically in the following year.

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

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

Non-Alloy Steel U-Section Imports

Imports in South-Eastern Asia

In 2023, approx. X tons of u-sections of non-alloy steel were imported in South-Eastern Asia; with a decrease of X% against the previous year's figure. Total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, non-alloy steel u-section imports contracted significantly to $X in 2023. Over the period under review, imports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Malaysia represented the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by the Philippines (X tons), Singapore (X tons), Vietnam (X tons) and Indonesia (X tons), together generating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel u-section importing markets in South-Eastern Asia were Malaysia ($X), the Philippines ($X) and Singapore ($X), with a combined X% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded 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

The import price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then fell sharply 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 Indonesia ($X per ton), while Singapore ($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 mixed trends in the import price figures.

Source: IndexBox Platform