Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia - 2024
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia (CIF) - 2022
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia (FOB) - 2022
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia (CIF) - 2022
The average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $6,462 per ton in 2022, growing by 20% against the previous year. In general, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $7,698 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Japan ($10,449 per ton), while the price for South Korea ($4,945 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+162.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia (FOB) - 2022
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $3,380 per ton in 2022, falling by -3.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices attained the maximum at $7,479 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($6,581 per ton), while the average price for exports to India ($2,703 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 Mexico (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia
In 2022, overseas purchases of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia were finally on the rise to reach 3.5K tons after two years of decline. Over the period under review, imports, however, continue to indicate a slight slump.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia skyrocketed to $23M in 2022. Overall, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 7.9 | 9.6 | 19.7 | 13.7% |
| Japan | 0.9 | 1.6 | 1.0 | 1.4 | 15.9% |
| South Korea | 1.0 | 0.3 | 0.3 | 0.5 | -20.6% |
| United States | 0.7 | 0.6 | 0.3 | 0.2 | -34.1% |
| Germany | 0.6 | 2.3 | 0.8 | 0.2 | -30.7% |
| Netherlands | 1.0 | N/A | 0.2 | N/A | -55.3% |
| Saudi Arabia | 0.7 | 0.9 | N/A | N/A | 28.6% |
| Others | 1.6 | 1.5 | 1.3 | 0.9 | -17.5% |
| Total | 20.0 | 15.1 | 13.6 | 22.9 | 4.6% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Malaysia in 2022:
- China (3116.1 tons)
- Japan (129.4 tons)
- South Korea (108.5 tons)
- United States (37.2 tons)
- Germany (20.7 tons)
- Netherlands (9.6 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia
In 2022, overseas shipments of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia decreased by -48.5% to 523 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 167%. As a result, the exports reached the peak of 1K tons, and then shrank notably in the following year.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia contracted remarkably to $1.8M in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 137%.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 298 | 500 | 384 | 1,014 | 50.4% |
| Singapore | 185 | 158 | 286 | 193 | 1.4% |
| Hong Kong SAR | N/A | N/A | 7.1 | 182 | 2463.4% |
| China | N/A | 45.7 | 207 | 99.4 | 47.5% |
| Nigeria | N/A | N/A | N/A | 94.4 | 0% |
| Sri Lanka | N/A | N/A | 31.5 | 81.1 | 157.5% |
| India | N/A | 65.3 | N/A | 61.2 | -3.2% |
| United Arab Emirates | 50.2 | 1,096 | 808 | 34.5 | -11.8% |
| United Kingdom | 3.4 | 11.2 | 1,696 | N/A | 2133.4% |
| Others | 405 | 352 | 139 | 6.5 | -74.8% |
| Total | 942 | 2,229 | 3,558 | 1,767 | 23.3% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Malaysia in 2022:
- Indonesia (348.1 tons)
- Singapore (33.0 tons)
- Sri Lanka (29.6 tons)
- Hong Kong SAR (27.6 tons)
- Nigeria (27.3 tons)
- China (26.2 tons)
- India (22.6 tons)
- United Arab Emirates (7.0 tons)
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