Malaysia: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Malaysia

In 2021, the Malaysian non-alloy steel i-sections market increased by 41% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a abrupt slump. Non-alloy steel i-sections consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Production in Malaysia

In value terms, non-alloy steel i-sections production stood at $X in 2021 estimated in export price. Over the period under review, production showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 3,589% against the previous year. Non-alloy steel i-sections production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Non-Alloy Steel I-Sections Exports

Exports from Malaysia

In 2021, exports of i-sections of non-alloy steel from Malaysia soared to X tons, picking up by 33% compared with the previous year. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 5,294% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, non-alloy steel i-sections exports soared to $X in 2021. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 4,625%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tons) was the main destination for non-alloy steel i-sections exports from Malaysia, with a 91% share of total exports. Moreover, non-alloy steel i-sections exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+18.7% per year) and Brunei Darussalam (-43.7% per year).

In value terms, Singapore ($X) remains the key foreign market for i-sections of non-alloy steel exports from Malaysia, comprising 91% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 7.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+19.7% per year) and Brunei Darussalam (-40.9% per year).

Export Prices by Country

The average non-alloy steel i-sections export price stood at $X per ton in 2021, with an increase of 40% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore ($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 Brunei Darussalam (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into Malaysia

In 2021, supplies from abroad of i-sections of non-alloy steel increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of 23%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, non-alloy steel i-sections imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a perceptible slump. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of non-alloy steel i-sections to Malaysia, accounting for a 60% share of total imports. Moreover, non-alloy steel i-sections imports from Thailand exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by China (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.6% per year) and China (+7.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of i-sections of non-alloy steel to Malaysia, comprising 62% of total imports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Thailand totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.4% per year) and China (+10.0% per year).

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, surging by 47% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Germany ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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