Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia (FOB) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia (CIF) - 2023
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia (FOB) - 2023
In October 2023, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $11,182 per ton, reducing by -45% against the previous month. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 77% m-o-m. Over the period under review, the average export prices attained the peak figure at $28,536 per ton in January 2023; however, from February 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($42,092 per ton), while the average price for exports to Japan ($2,638 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia (CIF) - 2023
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $4,299 per ton in October 2023, with an increase of 49% against the previous month. Over the period under review, import price indicated measured growth from December 2022 to October 2023: its price increased at an average monthly rate of +3.3% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for iron or steel; non-threaded cotters and cotter-pinses increased by +52.8% against August 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Taiwan (Chinese) ($18,274 per ton), while the price for China ($2,211 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia
In 2022, the amount of iron or steel; non-threaded cotters and cotter-pinses exported from Malaysia dropped markedly to 1.6K tons, declining by -46.7% on the previous year. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of 3.1K tons, and then plummeted in the following year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses reduced markedly to $24M in 2022. Overall, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. As a result, the exports attained the peak of $44M, and then plummeted in the following year.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 16.5 | 25.2 | 42.0 | 22.3 | 10.6% |
| China | 1.1 | 0.6 | 1.2 | 0.5 | -23.1% |
| Japan | N/A | 0.2 | 0.2 | 0.4 | 41.4% |
| Singapore | 2.0 | 0.5 | 0.2 | 0.3 | -46.9% |
| United States | N/A | 0.1 | 0.3 | 0.2 | 41.4% |
| Others | 0.4 | 0.7 | 0.5 | 0.3 | -9.1% |
| Total | 20.0 | 27.4 | 44.4 | 24.1 | 6.4% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Malaysia in 2022:
- Thailand (1220.7 tons)
- Japan (174.1 tons)
- United States (85.2 tons)
- Singapore (71.2 tons)
- China (64.7 tons)
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia
In 2022, approx. 1.9K tons of iron or steel; non-threaded cotters and cotter-pinses were imported into Malaysia; dropping by -3.5% against the previous year's figure. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. As a result, imports reached the peak of 2K tons, and then contracted in the following year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses contracted to $6.9M in 2022. Over the period under review, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of $7.6M, and then shrank in the following year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,590 | 2,967 | 4,560 | 3,546 | -0.4% |
| Finland | 3.5 | N/A | 4.1 | 763 | 501.8% |
| United States | 914 | 544 | 503 | 637 | -11.3% |
| Taiwan (Chinese) | 783 | 717 | 870 | 576 | -9.7% |
| Japan | 400 | 247 | 411 | 341 | -5.2% |
| Thailand | 30.0 | 27.2 | 56.3 | 31.0 | 1.1% |
| South Korea | 163 | 51.1 | 10.5 | 24.3 | -47.0% |
| Others | 1,243 | 766 | 1,147 | 978 | -7.7% |
| Total | 7,128 | 5,319 | 7,563 | 6,897 | -1.1% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Malaysia in 2022:
- China (1275.4 tons)
- Finland (325.9 tons)
- Taiwan (Chinese) (113.0 tons)
- Japan (42.1 tons)
- Thailand (29.2 tons)
- United States (26.9 tons)
- South Korea (10.7 tons)
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