Asia-Pacific: Iron Angle Market 2025

Iron Angle Market Size in Asia-Pacific

In 2021, after four years of growth, there was significant decline in the Asia-Pacific iron angle market, when its value decreased by -12.8% to $X. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.4% against 2016 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Iron Angle Production in Asia-Pacific

In value terms, iron angle production declined markedly to $X in 2021 estimated in export price. Overall, production, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 52%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Iron Angle Exports

Exports in Asia-Pacific

After two years of decline, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) increased by 17% to X tons in 2021. Over the period under review, exports, however, continue to indicate a mild setback. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, iron angle exports soared to $X in 2021. Total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by South Korea (X tons), Thailand (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the largest exporters of angles, shapes and sections (of iron or non-alloy steel), together committing 89% of total exports. India (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +12.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest iron angle supplier in Asia-Pacific, comprising 43% of total exports. The second position in the ranking was held by South Korea ($X), with an 18% share of total exports. It was followed by Thailand, with a 15% share.

In China, iron angle exports increased at an average annual rate of +8.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-3.9% per year) and Thailand (+0.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 40% against the previous year. Export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron angle export price increased by +84.2% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the other leaders experienced more modest paces of growth.

Iron Angle Imports

Imports in Asia-Pacific

In 2021, purchases abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by -4% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 8% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, iron angle imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Korea was the main importer of angles, shapes and sections (of iron or non-alloy steel) in Asia-Pacific, with the volume of imports recording X tons, which was approx. 28% of total imports in 2021. Hong Kong SAR (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (11%), the Philippines (7.4%), China (7.4%) and Singapore (5.4%). Australia (X tons), Indonesia (X tons), Afghanistan (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), New Zealand (X tons) and Vietnam (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to iron angle imports into South Korea stood at -1.3%. At the same time, the Philippines (+26.4%), Thailand (+10.7%), Afghanistan (+8.9%), Australia (+6.5%), New Zealand (+3.8%), Hong Kong SAR (+2.7%) and Taiwan (Chinese) (+2.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +26.4% from 2012-2021. Vietnam and Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (-2.7%), China (-3.6%) and Singapore (-10.2%) illustrated a downward trend over the same period. While the share of the Philippines (+6.6 p.p.), Hong Kong SAR (+2.8 p.p.), Afghanistan (+1.9 p.p.), Australia (+1.7 p.p.) and Thailand (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-2.7 p.p.), South Korea (-2.9 p.p.) and Singapore (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Hong Kong SAR ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 46% of total imports. These countries were followed by China, the Philippines, Singapore, Australia, Indonesia, Thailand, Taiwan (Chinese), New Zealand, Vietnam and Afghanistan, which together accounted for a further 46%.

Among the main importing countries, the Philippines, with a CAGR of +25.5%, saw the highest growth rate of 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 Asia-Pacific stood at $X per ton in 2021, rising by 31% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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