India - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in India Drops Slightly to $776 per Ton
India Concrete Reinforcing Bar Export Price in November 2022
In November 2022, the concrete reinforcing bar price amounted to $776 per ton (FOB, India), with a decrease of -2.1% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 when the average export price increased by 22% against the previous month. Over the period under review, the average export prices hit record highs at $965 per ton in August 2022; however, from September 2022 to November 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2022, the country with the highest price was the Netherlands ($1,104 per ton), while the average price for exports to Bhutan ($679 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+78.3%), while the prices for the other major destinations experienced more modest paces of growth.
India Concrete Reinforcing Bar Exports
In November 2022, overseas shipments of concrete reinforcing bars were finally on the rise to reach 3.3K tons after two months of decline. In general, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in February 2022 when exports increased by 377% m-o-m. As a result, the exports reached the peak of 130K tons. From March 2022 to November 2022, the growth of the exports remained at a lower figure.
In value terms, concrete reinforcing bar exports soared to $2.6M (IndexBox estimates) in November 2022. Over the period under review, exports, however, recorded a deep slump. The pace of growth was the most pronounced in February 2022 with an increase of 349% m-o-m. As a result, the exports reached the peak of $88M. From March 2022 to November 2022, the growth of the exports remained at a lower figure.
India Concrete Reinforcing Bar Exports by Country
Maldives (2.1K tons) was the main destination for concrete reinforcing bar exports from India, accounting for a 63% share of total exports. Moreover, concrete reinforcing bar exports to Maldives exceeded the volume sent to the second major destination, Bangladesh (578 tons), fourfold. The third position in this ranking was held by Bhutan (258 tons), with a 7.8% share.
From January 2022 to November 2022, the average monthly growth rate of volume to Maldives stood at +9.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bangladesh (-11.9% per month) and Bhutan (+18.7% per month).
In value terms, Maldives ($1.5M) remains the key foreign market for concrete reinforcing bar exports from India, comprising 57% of total exports. The second position in the ranking was held by Bangladesh ($580K), with a 22% share of total exports. It was followed by Bhutan, with a 6.8% share.
From January 2022 to November 2022, the average monthly growth rate of value to Maldives totaled +6.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bangladesh (-9.7% per month) and Bhutan (+17.7% per month).
Why Have Concrete Reinforcing Bar Prices Dropped?
The decrease in price can be attributed to a combination of factors, including a slowdown in construction projects and an increase in supply. This decrease in price is expected to benefit construction companies and builders who rely on these materials for their projects, ultimately leading to cost savings for consumers. However, it remains to be seen whether this decline in price will be sustained in the long run or if it is just a temporary fluctuation. Some experts predict that prices could rebound as the Indian economy recovers and construction activity picks up. Additionally, supply chain disruptions and transportation challenges could also impact pricing.
This report provides an in-depth analysis of the concrete reinforcing bar market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
