South-Eastern Asia: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in South-Eastern Asia

In 2022, the Southeast Asian non-alloy steel u-section market increased by 3.4% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Alloy Steel U-Section Production in South-Eastern Asia

In value terms, non-alloy steel u-section production dropped slightly to $X in 2022 estimated in export price. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel U-Section Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of u-sections of non-alloy steel increased by 35% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw modest growth. The pace of growth was the most pronounced in 2018 when exports increased by 102% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, non-alloy steel u-section exports skyrocketed to $X in 2022. Overall, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of 133% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Thailand represented the largest exporter of u-sections of non-alloy steel in South-Eastern Asia, with the volume of exports resulting at X tons, which was near 55% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with a 32% share, followed by Malaysia (12%). Vietnam (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +7.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel u-section supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Malaysia ($X), with a combined 99% share of total exports.

Singapore, with a CAGR of +5.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by 5.7% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section export price increased by +46.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.5%), while the other leaders experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of u-sections of non-alloy steel was finally on the rise to reach X tons after three years of decline. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 44%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel u-section imports rose sharply to $X in 2022. Over the period under review, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 49% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Malaysia (X tons) and Singapore (X tons) represented the key importers of u-sections of non-alloy steel in 2022, amounting to near 37% and 35% of total imports, respectively. It was distantly followed by the Philippines (X tons) and Vietnam (X tons), together constituting a 22% share of total imports. Indonesia (X tons) and Myanmar (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel u-section importing markets in South-Eastern Asia were Singapore ($X), Malaysia ($X) and the Philippines ($X), together accounting for 87% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +30.4%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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