South-Eastern Asia: Metal Bath Market 2025

Metal Bath Market Size in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in the Southeast Asian metal bath market, when its value increased by 6.2% to $X. The total consumption indicated modest growth 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. Based on 2021 figures, consumption decreased by -45.2% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Bath Production in South-Eastern Asia

In value terms, metal bath production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 23%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Metal Bath Exports

Exports in South-Eastern Asia

After three years of decline, overseas shipments of baths of iron or steel increased by 35% to X tons in 2021. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 67%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal bath exports skyrocketed to $X in 2021. In general, exports, however, saw a noticeable decline. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Singapore (X tons) represented the major exporter of baths of iron or steel, comprising 50% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 31% share, followed by the Philippines (6.4%) and Indonesia (5.1%). The following exporters - Malaysia (X tons) and Vietnam (X tons) - each resulted at a 7.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +36.4%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2021, with a combined 86% share of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +59.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, increasing by 8.9% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal bath export price decreased by -18.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 125% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+17.0%), while the other leaders experienced more modest paces of growth.

Metal Bath Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of baths of iron or steel was finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 49% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, metal bath imports skyrocketed to $X in 2021. Overall, imports, however, showed a noticeable setback. The pace of growth was the most pronounced in 2015 when imports increased by 42%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and Singapore (X tons) represented the major importers of baths of iron or steel in 2021, resulting at near 22% and 21% of total imports, respectively. The Philippines (X tons) took the next position in the ranking, followed by Vietnam (X tons), Malaysia (X tons), Thailand (X tons) and Myanmar (X tons). All these countries together held approx. 51% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +7.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest metal bath importing markets in South-Eastern Asia were Indonesia ($X), Singapore ($X) and Malaysia ($X), with a combined 53% share of total imports. The Philippines, Thailand, Vietnam and Myanmar lagged somewhat behind, together comprising a further 39%.

Vietnam, with a CAGR of +5.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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