South-Eastern Asia: Market for Hot-Rolled Bars In Bearing Steels 2025

Exports of Hot-Rolled Bars In Bearing Steels

Exports in South-Eastern Asia

In 2022, approx. X tons of hot-rolled bars in bearing steels were exported in South-Eastern Asia; picking up by 4.8% on the previous year. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar exports expanded sharply to $X in 2022. In general, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 32%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X tons) represented the major exporter of hot-rolled bars in bearing steels, comprising 65% of total exports. It was distantly followed by Singapore (X tons), Indonesia (X tons) and Malaysia (X tons), together committing a 33% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of -7.7% from 2012 to 2022. At the same time, Malaysia (+12.3%) and Vietnam (+2.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +12.3% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Indonesia increased by +4.9 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hot-rolled bearing steel bar supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined 91% share of total exports. Malaysia and Vietnam lagged somewhat behind, together comprising a further 8.6%.

In terms of the main exporting countries, Malaysia, with a CAGR of +10.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by 9.3% against the previous year. Overall, the export price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 48%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Hot-Rolled Bars In Bearing Steels

Imports in South-Eastern Asia

In 2022, purchases abroad of hot-rolled bars in bearing steels increased by 1.1% to X tons, rising for the second year in a row after four years of decline. In general, imports enjoyed measured growth. The most prominent rate of growth was recorded in 2015 with an increase of 97%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, hot-rolled bearing steel bar imports surged to $X in 2022. Over the period under review, imports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of 45%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) and Thailand (X tons) were the main importers of hot-rolled bars in bearing steels in South-Eastern Asia, together making up 62% of total imports. It was distantly followed by Vietnam (X tons) and Singapore (X tons), together mixing up a 24% share of total imports. The following importers - Malaysia (X tons), Lao People's Democratic Republic (X tons) and the Philippines (X tons) - together made up 11% of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +74.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled bearing steel bar importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined 85% share of total imports. Singapore, Malaysia, the Philippines and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 13%.

In terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of +71.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by 26% against the previous year. Over the period under review, the import price continues to indicate mild growth. The pace of growth was the most pronounced in 2021 an increase of 37%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :