South-Eastern Asia: Market for Iron and Steel Wire 2025

Market Size for Iron and Steel Wire in South-Eastern Asia

The Southeast Asian iron and steel wire market rose significantly to $X in 2021, picking up by 13% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Iron and Steel Wire in South-Eastern Asia

In value terms, iron and steel wire production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Iron and Steel Wire

Exports in South-Eastern Asia

In 2021, shipments abroad of iron and steel wire decreased by -23.8% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, iron and steel wire exports fell rapidly to $X in 2021. In general, exports showed a mild contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 24% 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

In 2021, Malaysia (X tons) and Thailand (X tons) were the key exporters of iron and steel wire in South-Eastern Asia, together constituting 79% of total exports. It was distantly followed by Singapore (X tons) and Indonesia (X tons), together comprising a 21% 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 +1.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Malaysia ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 84% share of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +4.9%, saw the highest rates of growth with regard to 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 2021, with an increase of 11% 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 2018 when the export price increased by 21%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($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 (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron and Steel Wire

Imports in South-Eastern Asia

In 2021, supplies from abroad of iron and steel wire decreased by -14.5% to X tons, falling for the third consecutive year after seven years of growth. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, iron and steel wire imports shrank to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Thailand represented the main importing country with an import of around X tons, which accounted for 35% of total imports. Indonesia (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (19%), the Philippines (14%) and Myanmar (6.8%). Singapore (X tons) and Cambodia (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 81% share of total imports. These countries were followed by the Philippines, Singapore, Myanmar and Cambodia, which together accounted for a further 19%.

Among the main importing countries, Cambodia, with a CAGR of +28.3%, saw the highest growth rate of 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, rising by 9.6% against the previous year. Overall, the import price, however, showed a slight shrinkage. The growth pace was the most rapid in 2018 an increase of 13%. 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, amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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