Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia - 2024
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $4,720 per ton in 2022, dropping by -7.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 68%. Over the period under review, average import prices reached the peak figure at $5,119 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,417 per ton), while the price for Japan ($3,770 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+91.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $5,322 per ton, increasing by 6.8% against the previous year. In general, the export price recorded notable growth. The growth pace was the most rapid in 2018 an increase of 391%. The export price peaked at $18,649 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($11,307 per ton), while the average price for exports to Germany ($1,703 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+65.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia
In 2022, overseas purchases of steel, stainless; semi-finished products, other than of rectangular cross-sectia were finally on the rise to reach 412 tons after two years of decline. Over the period under review, imports, however, recorded a sharp setback.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $1.9M in 2022. In general, imports, however, recorded a precipitous contraction.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,211 | 1,415 | 368 | 1,051 | -4.6% |
| Singapore | 1.7 | 18.0 | 481 | 375 | 504.2% |
| Thailand | 182 | 64.2 | 448 | 263 | 13.1% |
| China | 77.1 | 24.5 | 117 | 161 | 27.8% |
| United States | 3,056 | 16.4 | 108 | 57.1 | -73.5% |
| United Kingdom | 902 | 65.5 | 7.4 | 0.8 | -90.4% |
| Sweden | 638 | 287 | 130 | N/A | -54.9% |
| Others | 168 | 76.3 | 116 | 38.2 | -39.0% |
| Total | 6,236 | 1,966 | 1,776 | 1,945 | -32.2% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Malaysia in 2022:
- Italy (268.3 tons)
- Singapore (63.7 tons)
- Thailand (43.5 tons)
- China (20.4 tons)
- United States (6.8 tons)
- United Kingdom (0.2 tons)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia
In 2022, after two years of decline, there was significant growth in shipments abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia, when their volume increased by 67% to 86 tons. Overall, exports, however, saw a precipitous curtailment.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $459K in 2022. In general, exports, however, saw a dramatic contraction.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Thailand | 29.6 | 24.3 | N/A | 0.1 | -85.0% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Singapore | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 29.9 | 24.4 | 0.3 | 0.5 | -74.4% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Malaysia in 2022:
- Indonesia (37.3 tons)
- Italy (11.5 tons)
- Thailand (11.3 tons)
- United Kingdom (9.2 tons)
- Singapore (6.9 tons)
- Canada (4.8 tons)
- Germany (2.1 tons)
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