Malaysia: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Malaysia

In 2021, the Malaysian hot-rolled silico-manganese steel bar market increased by 32% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Malaysia

In value terms, hot-rolled silico-manganese steel bar production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2019 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Malaysia

In 2021, shipments abroad of hot-rolled bars of silico-manganese steel decreased by -22.9% to X tons, falling for the third consecutive year after two years of growth. In general, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2017 when exports increased by 767%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar exports dropped remarkably to $X in 2021. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2017 when exports increased by 529% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Indonesia (X tons) and Japan (X tons) were the main destinations of hot-rolled silico-manganese steel bar exports from Malaysia, with a combined 58% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +1.3%), while shipments for the other leaders experienced a decline.

In value terms, Japan ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Malaysia, comprising 63% of total exports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total exports. It was followed by Vietnam, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+0.5% per year) and Vietnam (-26.2% per year).

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price showed prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 127% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($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 Japan (+16.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Malaysia

In 2021, purchases abroad of hot-rolled bars of silico-manganese steel was finally on the rise to reach X tons after two years of decline. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 7,703%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 3,946%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hot-rolled silico-manganese steel bar to Malaysia, accounting for a 67% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+50.2% per year) and Hong Kong SAR (+46.3% per year).

In value terms, China ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Malaysia, comprising 48% of total imports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +41.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+111.7% per year) and South Korea (+51.7% per year).

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, declining by -5.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 76%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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