South-Eastern Asia: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in South-Eastern Asia

The Southeast Asian iron or steel can market reached $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Production of Iron or Steel Cans in South-Eastern Asia

In value terms, iron or steel can production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Iron or Steel Cans

Exports in South-Eastern Asia

Iron or steel can exports reduced modestly to X units in 2021, with a decrease of -4.9% against the previous year. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron or steel can exports expanded rapidly to $X in 2021. In general, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 15%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporting country with an export of about X units, which reached 61% of total exports. It was distantly followed by Malaysia (X units), mixing up a 30% share of total exports. Indonesia (X units), Singapore (X units) and the Philippines (X units) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, the Philippines (+13.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +13.4% from 2012-2021. By contrast, Malaysia (-5.0%), Indonesia (-16.8%) and Singapore (-26.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand increased by +32 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest iron or steel can supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 28% share of total exports. It was followed by Indonesia, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value in Thailand stood at +3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-2.5% per year) and Indonesia (-14.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Singapore ($X per unit) and the Philippines ($X per unit), while Malaysia ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.0%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports in South-Eastern Asia

In 2021, approx. X units of iron or steel cans were imported in South-Eastern Asia; therefore, remained relatively stable against the year before. The total import volume increased at an average annual rate of +3.0% 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 2017 when imports increased by 18%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, iron or steel can imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +6.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 20%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Vietnam was the main importing country with an import of around X units, which amounted to 36% of total imports. Thailand (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (13%), the Philippines (12%), Indonesia (10%) and Malaysia (10%). Myanmar (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to iron or steel can imports into Vietnam stood at +12.5%. At the same time, the Philippines (+12.8%), Indonesia (+6.0%) and Thailand (+2.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +12.8% from 2012-2021. By contrast, Malaysia (-3.8%), Singapore (-5.8%) and Myanmar (-6.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, the Philippines and Indonesia increased by +20, +6.7 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported iron or steel cans in South-Eastern Asia, comprising 40% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports. It was followed by the Philippines, with a 13% share.

In Vietnam, iron or steel can imports increased at an average annual rate of +14.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+1.8% per year) and the Philippines (+17.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 an increase of 12%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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