Asia: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in Asia

The Asian non-alloy steel h-sections market reduced to $X in 2022, approximately reflecting the previous year. Overall, consumption continues to indicate a mild reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Alloy Steel H-Sections Production in Asia

In value terms, non-alloy steel h-sections production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild slump. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Non-Alloy Steel H-Sections Exports

Exports in Asia

In 2022, approx. X tons of h-sections of of non-alloy steel were exported in Asia; rising by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy steel h-sections exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporter of h-sections of of non-alloy steel in Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. South Korea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%), Thailand (X%), Japan (X%) and Vietnam (X%). Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel h-sections supplying countries in Asia were China ($X), South Korea ($X) and the United Arab Emirates ($X), together comprising X% of total exports. Thailand, Japan, Vietnam and Turkey lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% 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 h-sections export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Vietnam ($X per ton) and South Korea ($X per ton), while Japan ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Non-Alloy Steel H-Sections Imports

Imports in Asia

After two years of decline, overseas purchases of h-sections of of non-alloy steel increased by X% to X tons in 2022. Over the period under review, imports, however, showed a mild slump. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alloy steel h-sections imports skyrocketed to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of non-alloy steel h-sections imports in 2022 were South Korea (X tons), the Philippines (X tons), Hong Kong SAR (X tons), Turkey (X tons) and Malaysia (X tons), together recording X% of total import. It was distantly followed by Myanmar (X tons), creating a X% share of total imports. Singapore (X tons), Indonesia (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons), Japan (X tons), Thailand (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel h-sections importing markets in Asia were South Korea ($X), the Philippines ($X) and Hong Kong SAR ($X), together comprising X% of total imports.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% 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 h-sections import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Turkey ($X per ton) and Thailand ($X per ton), while Myanmar ($X per ton) and Japan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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