South-Eastern Asia: Non-Alloy Steel H-Sections Market 2025

Non-Alloy Steel H-Sections Market Size in South-Eastern Asia

The Southeast Asian non-alloy steel h-sections market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, showed a mild decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Alloy Steel H-Sections Production in South-Eastern Asia

In value terms, non-alloy steel h-sections production dropped to $X in 2022 estimated in export price. Overall, production saw a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 17%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Exports

Exports in South-Eastern Asia

In 2022, the amount of h-sections of of non-alloy steel exported in South-Eastern Asia expanded notably to X tons, with an increase of 11% on the previous year's figure. Total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.9% against 2017 indices. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, non-alloy steel h-sections exports surged to $X in 2022. Overall, exports showed pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 87%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Thailand (X tons) was the main exporter of h-sections of of non-alloy steel, mixing up 61% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Vietnam (X tons) and Singapore (X tons). All these countries together took near 38% share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of h-sections of of non-alloy steel. At the same time, Vietnam (+35.7%), Malaysia (+30.1%) and Singapore (+9.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +35.7% from 2012-2022. While the share of Malaysia (+13 p.p.), Vietnam (+12 p.p.) and Singapore (+4.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-29.1 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest non-alloy steel h-sections supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+9.6% per year) and Vietnam (+37.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 4.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 33% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the other leaders experienced more modest paces of growth.

Non-Alloy Steel H-Sections Imports

Imports in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in supplies from abroad of h-sections of of non-alloy steel, when their volume increased by 28% to X tons. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports skyrocketed to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Philippines represented the key importing country with an import of around X tons, which resulted at 43% of total imports. Myanmar (X tons) ranks second in terms of the total imports with a 14% share, followed by Singapore (13%), Malaysia (13%), Indonesia (6%) and Thailand (5.2%). Vietnam (X tons) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the h-sections of of non-alloy steel imports, with a CAGR of +26.6% from 2012 to 2022. At the same time, Thailand (+23.0%), Myanmar (+21.7%) and Vietnam (+1.9%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Malaysia (-3.6%) and Singapore (-9.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Myanmar and Thailand increased by +37, +11 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported h-sections of of non-alloy steel in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was held by Singapore ($X), with a 14% share of total imports. It was followed by Myanmar, with an 11% share.

In the Philippines, non-alloy steel h-sections imports expanded at an average annual rate of +28.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-8.2% per year) and Myanmar (+18.6% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 38% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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