Intra-ASEAN Steel Trade: January – July 2016

Posted on 28 December 2016
 

Source: SEAISI

Intra-ASEAN steel trade in volume increased significantly by 14% y-o-y in the first seven months of 2016 to register 1.73 million tonnes. However, the share of intra-ASEAN steel trade to the total import in the region remained unchanged at 5% of total steel import in the region. Vietnam was the largest source of intra-ASEAN steel trade, at 627,615 tonnes. The import from Vietnam was a moderate increase of 5.3% y-o-y in the period January – July 2016. Second largest source of import was Malaysia (308,494 tonnes), followed by Thailand (290,191 tonnes) and Singpaore (274,479 tonnes). Import from Indonesia, at 228,317 tonnes, represented a significant increase of 77% y-o-y. There is no record of finished steel import from Philippines to the ASEAN countries. 

Section import among ASEAN registered 163,353 tonnes, a slight increase of 7.4% y-o-y in the first seven months of 2016. The bulk of the import was from Thailand, at 138,768 tonnes, an increase of 12% y-o-y. Major destinations for Thailand’s section export were Malaysia and Singapore. 

Intra-ASEAN trade for bar registered only 66,701 tonnes, an increase of 13.4% y-o-y from January to July 2016. Major source of import within ASEAN was Singapore, at 50,633 tonnes. Major destinations of bar export from Singapore were Malaysia and Indonesia.  

Wire rod import among ASEAN, at 83,624 tonnes, was a significant increase of 63% y-o-y. Singapore was the major source of wire rod import among ASEAN countries and the import doubled in volume to 71,432 tonnes in the first seven months of 2016. Nearly all of the volume (94%) was sent to Malaysia. 

Import of hot rolled plate doubled in volume to 182,000 tonnes in the first seven months of 2016, an increase of 88% y-o-y. Indonesia was the major source of HRP import in the region, which totalled 122,542 tonnes, a threefold increase, when compared to the same period of 2015. 

The major destinations of the HRP export from Indonesia were to Thailand, Malaysia and Singapore. Thailand’s import of HRP from Indonesia jumped significantly from 8,641 tonnes in the first seven months of 2015 to 55,613 tonnes in the same period of 2016. Malaysia’s import of HRP from Indonesia also registered a significant increase, by five-fold to 31,795 tonnes in the same period. Singapore’s HRP import from Indonesia surged by 62% y-o-y to nearly 20,000 tonnes. 

Hot rolled coil import within ASEAN jumped by 63% y-o-y to 99,782 tonnes in the first seven months of 2016. Major source of import was Indonesia, with the volume increasing by more than twofold to 61,860 tonnes. The main destination was Malaysia, which absorded 54,006 tonnes, a more than twofold increase, compared to the first seven months of 2015. 

Import of cold rolled coil within ASEAN, on the other hand, declined by 28% y-o-y to 157,640 tonnes from January to July 2016. Major sources were Vietnam, Malaysia and Thailand. 

CRC import from Vietnam, at 60,150 tonnes, declined by half when compared to the same period of 2016. The major importers of CRC from Vietnam were Malaysia and Thailand. 

CRC import from Malaysia declined slightly, by 5.4% y-o-y to 54,349 tonnes while import from Thailand increased by nearly twofold to 26,395 tonnes in the same period. The major importers of CRC from Malaysia were Indonesia and Thailand. 

Intra-ASEAN coated sheet steel trade increased moderately, by 4% y-o-y to 548,692 tonnes in the period January to July 2016. Around 80% of the total import within ASEAN was from Vietnam, at 436,411 tonnes, out of which more than 80% was sent to Indonesia. 

Intra-ASEAN trade for seamless pipe was not significant and the volume declined 26% y-o-y to 43,302 tonnes in the first seven months of 2016. Welded pipe imports within the region, on the other hand, grew significantly, by 62% y-o-y to 234,397 tonnes. Major sources were Vietnam and Malaysia. 

Remarks: Due to non-availability of trade data for Philippines and Vietnam, the above report does not include original import and export data from Philippines’ and Vietnam’s customs. 



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