Asia-Pacific: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Asia-Pacific

The Asia-Pacific concrete reinforcing wire rod market surged to $X in 2021, jumping by X% against the previous year. In general, consumption enjoyed pronounced growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Wire Rod Used For Concrete Reinforcing in Asia-Pacific

In value terms, concrete reinforcing wire rod production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a mild downturn. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Production By Country in Asia-Pacific

The countries with the highest volumes of in 2021 were Japan (X tons), Vietnam (X tons) and South Korea (X tons), together accounting for X% of total production.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Exports of Wire Rod Used For Concrete Reinforcing

Exports in Asia-Pacific

In 2021, overseas shipments of wire rod used for concrete reinforcing increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, concrete reinforcing wire rod exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons), Vietnam (X tons), Japan (X tons), Malaysia (X tons), Indonesia (X tons), South Korea (X tons) and India (X tons) represented the major exporter of wire rod used for concrete reinforcing in Asia-Pacific, constituting X% of total export.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

Vietnam, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, jumping by X% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-X%), while the other leaders experienced a decline in the export price figures.

Imports of Wire Rod Used For Concrete Reinforcing

Imports in Asia-Pacific

In 2021, purchases abroad of wire rod used for concrete reinforcing increased by X% to X tons, rising for the fifth consecutive year after four years of decline. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, concrete reinforcing wire rod imports surged to $X in 2021. Over the period under review, imports saw measured growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of concrete reinforcing wire rod imports in 2021 were China (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), the Philippines (X tons), Malaysia (X tons), Japan (X tons), Nepal (X tons), Myanmar (X tons), Australia (X tons), Singapore (X tons) and Vietnam (X tons), together reaching X% of total import.

From 2012 to 2021, the biggest increases were in Myanmar (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2021, together comprising X% of total imports. These countries were followed by Thailand, the Philippines, Malaysia, Japan, Australia, Nepal, Myanmar, Vietnam and Singapore, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a mild decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform