China: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in China

In 2021, the Chinese stainless steel angle market increased by 71% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Stainless Steel Angle Production in China

In value terms, stainless steel angle production rose rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Stainless Steel Angle Exports

Exports from China

In 2021, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were exported from China; declining by -33.7% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 32%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, stainless steel angle exports dropped to $X in 2021. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), South Korea (X tons) and the Philippines (X tons) were the main destinations of stainless steel angle exports from China, together comprising 34% of total exports. Singapore, Myanmar, Indonesia, Nigeria, Thailand, the United Arab Emirates, Australia, Bangladesh, Vietnam and Japan lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +82.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel angle exported from China were South Korea ($X), Malaysia ($X) and the Philippines ($X), with a combined 32% share of total exports. These countries were followed by Indonesia, Thailand, Singapore, Myanmar, Nigeria, Australia, the United Arab Emirates, Vietnam, Bangladesh and Japan, which together accounted for a further 31%.

Myanmar, with a CAGR of +53.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2021, with an increase of 39% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into China

After two years of decline, purchases abroad of angles, shapes and sections of stainless steel or other alloy steel increased by 3.7% to X tons in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 78%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, stainless steel angle imports expanded sharply to $X in 2021. In general, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2014 with an increase of 64% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The UK (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of stainless steel angle imports to China, together comprising 89% of total imports. These countries were followed by Thailand, India, South Korea and Russia, which together accounted for a further 6.7%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +35.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to China, comprising 49% of total imports. The second position in the ranking was taken by the UK ($X), with a 23% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+18.5% per year) and Germany (-1.6% per year).

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2021, surging by 9.6% against the previous year. Overall, the import price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2015 an increase of 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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