Asia-Pacific: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in Asia-Pacific

In 2021, the Asia-Pacific stainless steel angle market increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Stainless Steel Angle Production in Asia-Pacific

In value terms, stainless steel angle production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible slump. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Stainless Steel Angle Exports

Exports in Asia-Pacific

In 2021, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were exported in Asia-Pacific; which is down by -31.5% against the previous year's figure. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2013 with an increase of 32%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports totaled $X in 2021. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 87% of total exports in 2021. It was distantly followed by India (X tons), achieving a 6.8% share of total exports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to stainless steel angle exports from China stood at -10.0%. At the same time, India (+5.8%) and South Korea (+4.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +5.8% from 2012-2021. From 2012 to 2021, the share of India and South Korea increased by +5.1 and +2.7 percentage points, respectively.

In value terms, China ($X) remains the largest stainless steel angle supplier in Asia-Pacific, comprising 69% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports.

In China, stainless steel angle exports contracted by an average annual rate of -8.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+5.0% per year) and South Korea (-0.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 50% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained 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 India ($X per ton), while South Korea ($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 (+2.1%), while the other leaders experienced a decline in the export price figures.

Stainless Steel Angle Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of angles, shapes and sections of stainless steel or other alloy steel was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by 42%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, stainless steel angle imports skyrocketed to $X in 2021. Overall, imports, however, recorded a pronounced curtailment. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons) and Malaysia (X tons) were the key importers of angles, shapes and sections of stainless steel or other alloy steel in 2021, resulting at near 24% and 18% of total imports, respectively. Vietnam (X tons) ranks next in terms of the total imports with a 10% share, followed by Bangladesh (9.5%), Indonesia (7.7%), the Philippines (6.1%) and Australia (5.6%).

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +34.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle importing markets in Asia-Pacific were South Korea ($X), Malaysia ($X) and Vietnam ($X), together accounting for 46% of total imports. Australia, Indonesia, the Philippines and Bangladesh lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, the Philippines, with a CAGR of +24.1%, recorded 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, with an increase of 18% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stainless steel angle import price increased by +119.7% against 2016 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 42%. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Bangladesh ($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 (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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