Malaysia - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in Malaysia - 2021
Contents:
- Iron and Steel Price in Malaysia (FOB) - 2021
- Iron and Steel Price in Malaysia (CIF) - 2021
- Iron and Steel Exports in Malaysia
- Iron and Steel Imports in Malaysia
Iron and Steel Price in Malaysia (FOB) - 2021
In December 2021, the average iron and steel export price amounted to $1,260 per ton, with a decrease of -17.6% against the previous month. Over the period under review, the export price saw a slight slump. The most prominent rate of growth was recorded in February 2021 when the average export price increased by 174% m-o-m. As a result, the export price attained the peak level of $4,519 per ton. From March 2021 to December 2021, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2021, the country with the highest price was India ($2,630 per ton), while the average price for exports to Japan ($492 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1.0%), while the prices for the other major destinations experienced a decline.
Iron and Steel Price in Malaysia (CIF) - 2021
In December 2021, the average iron and steel import price amounted to $1,057 per ton, growing by 39% against the previous month. In general, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 264% month-to-month. As a result, import price reached the peak level of $3,500 per ton. From May 2021 to December 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Singapore ($1,134 per ton), while the price for the United States ($233 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron and Steel Exports in Malaysia
In 2022, approx. 55K tons of iron and steel were exported from Malaysia; picking up by 85% compared with the previous year. Overall, exports recorded measured growth.
In value terms, iron and steel exports surged to $32M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 88%. As a result, the exports attained the peak of $39M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Iron and Steel in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 6.0 | 10.8 | 5.7 | 18.4 | 45.3% |
China | 2.0 | 26.0 | 18.5 | 10.0 | 71.0% |
South Africa | 2.0 | 1.4 | 1.0 | 3.1 | 15.7% |
Hong Kong SAR | 9.5 | N/A | 0.4 | 0.3 | -68.4% |
Others | 1.1 | 0.3 | 0.4 | 0.4 | -28.6% |
Total | 20.5 | 38.6 | 26.1 | 32.3 | 16.4% |
Top Export Markets for Iron and Steel from Malaysia in 2022:
- Thailand (45.5K tons)
- China (6.0K tons)
- South Africa (3.2K tons)
- Hong Kong SAR (0.2K tons)
Iron and Steel Imports in Malaysia
In 2022, after two years of decline, there was significant growth in purchases abroad of iron and steel, when their volume increased by 33% to 6.4K tons. In general, imports, however, showed a dramatic curtailment.
In value terms, iron and steel imports reduced to $4.3M in 2022. Overall, imports, however, faced a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year.
Import of Iron and Steel in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,125 | 1,199 | 3,008 | 1,783 | -17.1% |
India | 3,809 | 11.7 | 176 | 678 | -43.7% |
South Africa | 1,918 | 696 | 106 | 460 | -37.9% |
Japan | 1,080 | 942 | 146 | 360 | -30.7% |
Brazil | 1,424 | 229 | 186 | 313 | -39.6% |
Italy | 3.7 | 3.6 | 144 | 153 | 245.8% |
Russia | 244 | 186 | 706 | 108 | -23.8% |
Australia | 410 | N/A | 3.2 | N/A | -91.2% |
Others | 606 | 456 | 411 | 450 | -9.4% |
Total | 12,620 | 3,724 | 4,886 | 4,305 | -30.1% |
Top Suppliers of Iron and Steel to Malaysia in 2022:
- China (1704.0 tons)
- India (1508.7 tons)
- South Africa (1417.6 tons)
- Japan (1114.0 tons)
- Brazil (387.2 tons)
- Russia (195.9 tons)
- Italy (137.2 tons)
This report provides an in-depth analysis of the iron and steel market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the iron and steel market in Malaysia.
This report provides an in-depth analysis of the pig iron market in Malaysia.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the global pig iron market.
This report provides an in-depth analysis of the iron and steel market in Malaysia.
This report provides an in-depth analysis of the pig iron market in Malaysia.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the global pig iron market.
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
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Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
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In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
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