Report Update: Nov 1, 2024

China - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Iron Angle Prices in China

China Iron Angle Export Price in September 2022

In September 2022, the iron angle price stood at $965 per ton (FOB, China), shrinking by -15.6% against the previous month. Over the period under review, the export price showed a mild decrease. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 11% m-o-m. The export price peaked at $1,249 per ton in July 2022; however, from August 2022 to September 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was the Philippines ($2,539 per ton), while the average price for exports to Bangladesh ($563 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

China Iron Angle Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was iron or non-alloy steel; t sections, hot-rolled, hot-drawn or extruded, of a height less than 80mm ($1,463 per ton), while the average price for exports of h-sections of of non-alloy steel ($857 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: iron or non-alloy steel; l or t sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more (+4.0%), while the prices for the other products experienced more modest paces of growth.

China Iron Angle Exports

In September 2022, exports of angles, shapes and sections (of iron or non-alloy steel) from China expanded sharply to 244K tons, increasing by 9.7% compared with August 2022. Overall, exports posted a prominent expansion. The growth pace was the most rapid in March 2022 with an increase of 59% against the previous month. The exports peaked in September 2022.

In value terms, iron angle exports shrank to $236M (IndexBox estimates) in September 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in March 2022 when exports increased by 69% month-to-month. The exports peaked at 269K tons in June 2022; however, from July 2022 to September 2022, the exports failed to regain momentum.

China Iron Angle Exports by Type

H-sections of of non-alloy steel (153K tons) was the largest type of iron angle exported from China, accounting for a 72% share of total exports. Moreover, h-sections of of non-alloy steel exceeded the volume of the second product type, u-sections of non-alloy steel (21K tons), sevenfold. Iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm (20K tons) ranked third in terms of total exports with a 9.2% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of export of h-sections of of non-alloy steel stood at +15.8%. With regard to the other exported products, the following average monthly rates of growth were recorded: u-sections of non-alloy steel (+1.9% per month) and iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm (+12.8% per month).

In value terms, h-sections of of non-alloy steel ($131M) remains the largest type of iron angle exported from China, comprising 65% of total exports. The second position in the ranking was held by u-sections of non-alloy steel ($29M), with a 14% share of total exports. It was followed by iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm, with an 11% share.

From January 2022 to September 2022, the average monthly growth rate of the export volume of h-sections of of non-alloy steel totaled +15.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: u-sections of non-alloy steel (-0.4% per month) and iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm (+12.1% per month).

China Iron Angle Exports by Country

Malaysia (30K tons), Hong Kong SAR (20K tons) and Nigeria (19K tons) were the main destinations of iron angle exports from China, together accounting for 28% of total exports. These countries were followed by Indonesia, South Korea, the Philippines, Myanmar, Bangladesh, the United Arab Emirates, Vietnam, Singapore, Japan and Saudi Arabia, which together accounted for a further 48%.

From January 2022 to September 2022, the biggest increases were in Japan (with a CAGR of +134.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron angle exported from China were the Philippines ($37M), Malaysia ($25M) and Hong Kong SAR ($18M), with a combined 34% share of total exports. Nigeria, Indonesia, Myanmar, the United Arab Emirates, Singapore, South Korea, Vietnam, Bangladesh, Saudi Arabia and Japan lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Japan, with a CAGR of +124.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy steel

Country coverage:

China

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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