China’s steel export to ASEAN-6, January to November 2018

Posted on 29 January 2019
 

Source: SEAISI
Total China’s finished steel export to ASEAN-6 declined marginally by 1% y-o-y in the first eleven months of 2018. Export of long product dropped 12% y-o-y while flat steel export from China to ASEAN-6 increased slightly, by 3% y-o-y in the same period.
 
China’s export of section to the region increased 13.6% y-o-y to 944,783 tonnes from January to November 2018. The volume accounted for around 40% of total section export from China. Philippines was the largest destination among the six countries in ASEAN, with total of 336,562 tonnes, an increase of 45% y-o-y. Export to Malaysia was 292,110 tonnes, an increase of 31% y-o-y during the same period, followed by the export to Indonesia, at 108,928 tonnes, an increase of 35% y-o-y. Export to Singapore, Vietnam and Thailand registered less than 100,000 tonnes each in the first eleven months of 2018. Vietnam was the only country in the region that saw a decline in China’s section export in the first eleven months of 2018, with volume dipping 59% y-o-y.
 
China’s bar export to ASEAN-6 continued to decline in the period January to November 2018 with volume falling 24% y-o-y. Nevertheless, the volume constituted one-third of total bar export from China. However, the decline was less significant when compared to the negative growth rate in 2017, at 78% y-o-y. Bar export from China to many countries in ASEAN-6 decreased significantly, except for export to Malaysia and Thailand. Export to Malaysia, at 372,399 tonnes, in the first eleven months of 2018 was an increase of 61% y-o-y. Export to Thailand registered 430,192 tonnes, an increase of 21% y-o-y. China’s bar export to Singapore, the largest destination in the region, registered 528,919 tonnes, a decrease of 26.3% y-o-y. Export to Vietnam declined 13.8% y-o-y to 181,394 tonnes in the first eleven months of 2018. Export to Philippines registered the highest percentage decrease from 630,775 tonnes in the first eleven months of 2017 to 255,400 tonnes in the same period of 2018, a steep drop of 59.5% y-o-y. 
 
China’s export of wire rod to ASEAN dropped moderately, by 6.5% y-o-y to 2.62 million tonnes. The volume constituted around half of total wire rod export from China for the period January to November 2018. Thailand and Philippines were the largest destinations in ASEAN-6 for China’s wire rod export in the first eleven months of 2018. Export to Thailand registered 698,769 tonnes, a moderate decline of 5% y-o-y. Export to Philippines was 696,609 tonnes, an increase of 7% y-o-y. Export to Vietnam and Indonesia registered more than 400,000 tonnes each. Export to Malaysia recorded  the lowest volume in the region, at 173,044 tonnes, a decline of 5.5% y-o-y.
 
China’s hot rolled plate export to ASEAN-6 dropped 8.6% y-o-y to 1.56 million tonnes from January to November 2018, accounting for one-third of total China’s total hot rolled plate export in the same period. Vietnam, the largest destination for total China’s hot rolled plate export to the world, recorded a volume of 869,927 tonnes, a decline of 9% y-o-y. Export to Philippines continued to increase at 13% y-o-y to 334,312tonnes, followed by the export to Malaysia, at 125,287 tonnes, a decline of 6.5% y-o-y. China’s export of hot rolled plates to Indonesia, Singapore and Thailand registered less than 100,000 tonnes each in the first eleven months of 2018.
 
China exported significant volumes of hot rolled coil to ASEAN, 40% of total hot rolled coil export from the country during the first eleven months of 2018. Hot rolled coil export from China to ASEAN-6 declined moderately, by 8.3% y-o-y to 4.08 million tonnes during the period. Vietnam was the major destination for the export, at nearly 3 million tonnes, a decline of 8.9% y-o-y. Export to Indonesia was 453,423 tonnes and the volume declined slightly, by 3.8% y-o-y, followed by export to Philippines, at 252,121 tonnes, a decline of 4.3% y-o-y. Export to Malaysia, at 201,608 tonnes, was an increase of 8.4% y-o-y while export to Thailand dropped by a double digit of 29.5% y-o-y to 166,204 tonnes. Export to Singapore was not significant, at 15,717 tonnes. 
 
Export of cold rolled coil from China to ASEAN-6 increased 11.9% y-o-y to 1.3 million tonnes from January to November 2018. The largest destination in ASEAN-6 was Vietnam, followed by Philippines and Indonesia, at 395,001 tonnes, 329,801 tonnes and 251,941 tonnes, respectively. Export to Vietnam, however, declined significantly, by 17.6% y-o-y, while export to Philippines and Indonesia registered a sharp increase of 17.9% y-o-y and 74.8% y-o-y, respectively. Export to Thailand and Singapore was less than 100,000 tonnes each. However, the volume increased robustly, by 34.2% y-o-y and 80.2% y-o-y, respectively during the same period.
 
China’s total export of coated sheet dropped slightly, by 1.5% y-o-y to 16.9 million tonnes from January to November 2018. However, the export volume to ASEAN-6 increased 20.4% y-o-y to 4.65 million tonnes during the same period. Major destinations of the export within ASEAN-6 were Thailand, Philippines and Vietnam. 
 
China’s coated sheet export to Thailand in the first eleven months of 2018 registered 1.37 million tonnes, an increase of 30% y-o-y. The bulk of the export volume was for hot dipped galvanized sheet, at 691,909 tonnes, a significant increase of 37.6% y-o-y, followed by export of color coated sheet, at 254,552 tonnes, an increase of 26.5% y-o-y. China’s export of ZnAl to Thailand registered a significant volume of 193,883 tonnes, a slight decrease of 1.7% y-o-y. Tin plates export from China to Thailand was also significant, at 114,965 tonnes, a slight increase of 4.3% y-o-y. 
 
Export of coated sheet from China to Philippines, at 1.12 million tonnes, was an increase of 26.6% y-o-y in the first eleven months of 2018. Major export item was HDG, at 513,164 tonnes, an increase of 24.7% y-o-y, followed by the export of color coated sheet, at 350,291 tonnes, an increase of 32.8% y-o-y. Export of ZnAl increased 19.2% y-o-y to 192,217 tonnes from January to November 2018. 
 
China’s export of coated sheet to Vietnam totalled 1.08 million tonnes in the first eleven months of 2018, a decline of 7.9% y-o-y. Major products were HDG and color coated sheet. Export of HDG declined significantly, by 16.4% y-o-y to 548,885 tonnes. Export of color coated remained unchanged, at 476,510 tonnes. 
 
Pipes & tubes export from China to ASEAN-6 increased by a double digit of 13.7% y-o-y to 1.38 million tonnes for the period January to November 2018. The export of both welded pipe and seamless pipe recorded almost equal amount. Export of seamless pipes to ASEAN-6 increased significantly, by 23.7% y-o-y to 646,547 tonnes from January to November 2018. China exports seamless pipes to many countries in the region. However, the largest destinations were Thailand and Indonesia, at around 160,000 tonnes each. Export to other countries in the region registered around 100,000 tonnes each.
 
China’s export of welded pipes to ASEAN-6 increased moderately, by 6.1% y-o-y to 734,577 tonnes from January to November 2018. The export went to all six countries in the region. However, the major destinations were Singapore and Vietnam, at 93,936 tonnes and 88,775 tonnes, respectively, while the volume of export to Thailand was only 34,286 tonnes during the same period.  
 

Remarks: The countries in ASEAN-6 are Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. 



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