Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia - 2024
Contents:
- Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia (CIF) - 2024
- Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia (FOB) - 2022
- Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia
- Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia
Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia (CIF) - 2024
In January 2024, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $987 per ton, with an increase of 4.4% against the previous month. Over the period under review, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in June 2023 an increase of 55% m-o-m. As a result, import price reached the peak level of $1,602 per ton. From July 2023 to January 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,292 per ton), while the price for Vietnam ($764 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia (FOB) - 2022
In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $784 per ton, with a decrease of -8.8% against the previous year. Over the period under review, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 49% against the previous year. The export price peaked at $1,264 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,197 per ton), while the average price for exports to the United Arab Emirates ($641 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 Singapore (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia
In 2022, imports of alloy steel flat-rolled products, of a width 600mm or mores into Malaysia shrank sharply to 171K tons, which is down by -37.4% compared with the previous year. Overall, imports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores reduced rapidly to $221M in 2022. Over the period under review, imports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 92% against the previous year. As a result, imports reached the peak of $285M, and then contracted rapidly in the following year.
| Import of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 130 | 64.4 | 169 | 110 | -5.4% |
| Japan | 89.3 | 40.0 | 52.7 | 48.1 | -18.6% |
| Vietnam | 14.7 | 15.3 | 21.2 | 17.2 | 5.4% |
| Taiwan (Chinese) | 9.5 | 5.2 | 6.7 | 13.9 | 13.5% |
| South Korea | 13.3 | 10.0 | 23.0 | 13.1 | -0.5% |
| Sweden | 6.2 | 7.4 | 4.6 | 12.9 | 27.7% |
| Others | 16.0 | 6.0 | 8.1 | 5.4 | -30.4% |
| Total | 279 | 148 | 285 | 221 | -7.5% |
Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Malaysia in 2022:
- China (92.3K tons)
- Japan (31.3K tons)
- Vietnam (14.1K tons)
- Taiwan (Chinese) (12.4K tons)
- South Korea (9.9K tons)
- Sweden (8.0K tons)
Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia
In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores exported from Malaysia declined modestly to 48K tons, shrinking by -4.3% against the year before. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 712% against the previous year. As a result, the exports attained the peak of 50K tons, and then shrank in the following year.
In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores shrank to $37M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 475%. As a result, the exports reached the peak of $43M, and then dropped in the following year.
| Export of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.0 | 3.7 | 5.6 | 7.4 | 22.8% |
| Thailand | 1.6 | 0.3 | 2.1 | 5.6 | 51.8% |
| Qatar | N/A | N/A | N/A | 5.4 | 0% |
| Philippines | 0.3 | N/A | 0.4 | 4.9 | 153.7% |
| United Arab Emirates | N/A | N/A | 9.8 | 4.3 | -56.1% |
| Iraq | N/A | N/A | N/A | 3.8 | 0% |
| Vietnam | 0.2 | 0.1 | 1.3 | 2.4 | 128.9% |
| Myanmar | 0.9 | 1.1 | 0.8 | 0.7 | -8.0% |
| Indonesia | 2.4 | 0.2 | 1.6 | 0.3 | -50.0% |
| China | 1.1 | 1.4 | 10.3 | 0.1 | -55.0% |
| Yemen | N/A | N/A | 5.1 | N/A | 0% |
| Others | 1.5 | 0.6 | 5.9 | 2.5 | 18.6% |
| Total | 12.0 | 7.5 | 42.9 | 37.4 | 46.1% |
Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Malaysia in 2022:
- Thailand (8.5K tons)
- Qatar (8.1K tons)
- Philippines (7.2K tons)
- United Arab Emirates (6.6K tons)
- Iraq (5.9K tons)
- Singapore (4.0K tons)
- Vietnam (3.4K tons)
- Myanmar (1.0K tons)
- Indonesia (0.2K tons)
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