Update on China's steel structure export to ASEAN

Posted on 07 October 2015
 

Source: SEAISI
China’s total export of steel structure continued to surge, registering a double digit growth of 10% y-o-y to 4.5 million tonnes in the period January to August 2015. Export to ASEAN increased by 38% y-o-y to 800,000 tonnes in the same period, a significant surge in growth rate from 19.6% y-o-y in 2014. Base on this, it is expected that China’s steel structure export to ASEAN could easily reach 1.4 million tonnes in 2015.

[PICTURE1]
Source: China’s customs

The bulk of the export was in the category of ‘other steel structure’, which recorded 3.4 million tonnes, from January to August 2015, an increase of 14.9% y-o-y. Export to ASEAN jumped by 38.8% y-o-y to 645,000 tonnes in the first eight months of 2015. Major destinations in ASEAN were Indonesia and Vietnam (186,000 tonnes and 166,000 tonnes respectively). Export to Thailand, at 65,000 tonnes, though the lowest in volume in the region, registered the highest growth rate of 172% y-o-y.

Export of steel scaffolding from China to ASEAN jumped from the growth rate of 8% y-o-y in 2014 to 33% y-o-y in the first eight months of 2015. Major destinations in ASEAN were Singapore, Malaysia and Thailand. Export to Vietnam was not significant, at around 7,000 tonnes in 2014. However, the volume rose significantly to 13,800 tonnes, in the first eight months in 2015, an increase of three folds when compared to the same period of 2014.

China’s export of steel towers and lattice masts to ASEAN increased sharply from the growth of 12% y-o-y in 2014 to 81% y-o-y from January to August 2015.

Export of steel bridges, doors and windows from China to ASEAN, on the other hand, declined by 18.9% y-o-y and 10% y-o-y respectively in the period January- August 2015.


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