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China - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Jul 20, 2023

China's April 2023 Export of Stainless Steel Angles Soars to $16M

China Stainless Steel Angle Exports

In April 2023, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel increased by 17% to 7.3K tons, rising for the second consecutive month after three months of decline. Overall, exports, however, showed a mild downturn. The growth pace was the most rapid in August 2022 with an increase of 117% against the previous month. As a result, the exports attained the peak of 17K tons. From September 2022 to April 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel angle exports expanded sharply to $16M (IndexBox estimates) in April 2023. In general, exports recorded measured growth. The most prominent rate of growth was recorded in May 2022 with an increase of 78% m-o-m.

COUNTRYExport Value of Stainless Steel Angle in China (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
South Korea2.11.42.45.02.74.74.82.22.02.51.73.43.1
Vietnam0.10.40.51.71.71.40.51.50.50.5< 0.10.92.2
Indonesia0.35.11.91.62.11.00.81.51.91.42.50.81.5
Russia0.20.41.20.70.40.41.60.60.40.90.70.81.3
Thailand0.50.71.21.92.41.41.22.32.00.90.90.90.8
Malaysia0.70.10.50.9< 0.10.30.30.60.5< 0.10.20.30.7
Bangladesh< 0.1< 0.1< 0.10.30.2< 0.1< 0.10.1< 0.1< 0.1< 0.10.20.5
Singapore< 0.10.20.60.10.60.30.80.20.40.50.20.90.5
Philippines0.21.90.62.61.51.42.31.92.92.30.91.00.3
Others6.99.69.911.217.27.79.29.47.14.93.15.55.4
Total11.119.818.726.028.718.621.720.217.613.910.214.616.3

Exports by Country

Vietnam (1.6K tons), South Korea (1.4K tons) and Singapore (623 tons) were the main destinations of stainless steel angle exports from China, together accounting for 50% of total exports. These countries were followed by Indonesia, Thailand, Bangladesh, Russia, Malaysia and the Philippines, which together accounted for a further 17%.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +69.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($3.1M), Vietnam ($2.2M) and Indonesia ($1.5M) constituted the largest markets for stainless steel angle exported from China worldwide, with a combined 42% share of total exports. Russia, Thailand, Malaysia, Singapore, Bangladesh and the Philippines lagged somewhat behind, together accounting for a further 25%.

Bangladesh, with a CAGR of +35.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Steel, alloy; angles, shapes and sections (4.8K tons) and steel, stainless (2.5K tons) were the main products of stainless steel angle exports from China.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by steel, stainless; angles, shapes and sections (with a CAGR of +8.5%).

In value terms, steel, stainless ($12M) remains the largest type of stainless steel angle exported from China, comprising 76% of total exports. The second position in the ranking was taken by steel, alloy; angles, shapes and sections ($3.9M), with a 24% share of total exports.

From April 2022 to April 2023, the average monthly growth rate of the export volume of steel, stainless totaled +11.8%.

Export Prices by Country

In April 2023, the stainless steel angle price amounted to $2,239 per ton (FOB, China), which is down by -4.1% against the previous month. Overall, the export price, however, posted resilient growth. The pace of growth appeared the most rapid in June 2022 when the average export price increased by 66% m-o-m. The export price peaked at $3,266 per ton in July 2022; however, from August 2022 to April 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In April 2023, the country with the highest price was Russia ($7,829 per ton), while the average price for exports to Singapore ($868 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stainless steel angle market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24107200 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of stainless steel
  • Prodcom 24107300 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of other alloy steel
  • Prodcom 24312050 - Sections, of alloy steel other than stainless, cold-finished or cold-formed (e.g. by cold-drawing)
  • Prodcom 24331200 - Cold-formed sections, obtained from flat products, of stainless steel

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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