South-Eastern Asia: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in South-Eastern Asia

In 2021, the Southeast Asian hot-dipped metal-coated sheet market increased by 5.6% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Hot-Dipped Metal-Coated Sheet Production in South-Eastern Asia

In value terms, hot-dipped metal-coated sheet production shrank to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 68% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Hot-Dipped Metal-Coated Sheet Exports

Exports in South-Eastern Asia

Hot-dipped metal-coated sheet exports expanded rapidly to X tons in 2021, with an increase of 8.6% on the previous year. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 74% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet exports soared to $X in 2021. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 60% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam prevails in exports structure, resulting at X tons, which was near 86% of total exports in 2021. It was distantly followed by Indonesia (X tons), making up a 6% share of total exports. Thailand (X tons), Malaysia (X tons) and Singapore (X tons) took a minor share of total exports.

Exports from Vietnam increased at an average annual rate of +16.3% from 2012 to 2021. At the same time, Indonesia (+32.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +32.6% from 2012-2021. Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (-15.0%) illustrated a downward trend over the same period. While the share of Vietnam (+24 p.p.) and Indonesia (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-2.9 p.p.), Thailand (-8 p.p.) and Singapore (-16.9 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest hot-dipped metal-coated sheet supplier in South-Eastern Asia, comprising 82% of total exports. The second position in the ranking was taken by Indonesia ($X), with an 8.5% share of total exports. It was followed by Thailand, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam totaled +14.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+36.1% per year) and Thailand (-1.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, picking up by 7.1% against the previous year. Over the period under review, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.6%), while the other leaders experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports in South-Eastern Asia

After three years of growth, purchases abroad of hot-dipped metal-coated sheet decreased by -0.7% to X tons in 2021. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. The volume of import peaked at X tons in 2020, and then shrank modestly in the following year.

In value terms, hot-dipped metal-coated sheet imports surged to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) represented the major importer of hot-dipped metal-coated sheet, generating 39% of total imports. The Philippines (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (13%), Indonesia (12%) and Malaysia (11%). The following importers - Singapore (X tons) and Myanmar (X tons) - each finished at a 7.4% share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of hot-dipped metal-coated sheet. At the same time, the Philippines (+19.9%), Vietnam (+14.9%), Myanmar (+10.3%), Singapore (+6.8%), Malaysia (+2.2%) and Indonesia (+2.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +19.9% from 2012-2021. From 2012 to 2021, the share of the Philippines, Vietnam and Myanmar increased by +11, +8.1 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported hot-dipped metal-coated sheet in South-Eastern Asia, comprising 41% of total imports. The second position in the ranking was held by the Philippines ($X), with a 13% share of total imports. It was followed by Indonesia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to -1.0%. In the other countries, the average annual rates were as follows: the Philippines (+19.5% per year) and Indonesia (+1.6% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, surging by 40% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import 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 importing countries. In 2021, the country with the highest price was Malaysia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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