Asia: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Asia

In 2021, the Asian concrete reinforcing wire rod market increased by X% to $X, rising for the fourth year in a row after five years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Wire Rod Used For Concrete Reinforcing in Asia

In value terms, concrete reinforcing wire rod production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Production By Country in Asia

The countries with the highest volumes of in 2021 were Turkey (X tons), Japan (X tons) and the United Arab Emirates (X tons), with a combined X% share of total production. These countries were followed by Vietnam, South Korea, Indonesia, India and China, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by 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

In 2021, approx. X tons of wire rod used for concrete reinforcing were exported in Asia; picking up by X% against the previous year's figure. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, concrete reinforcing wire rod exports surged to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons), distantly followed by China (X tons), Vietnam (X tons), Japan (X tons), Malaysia (X tons), Indonesia (X tons), South Korea (X tons), India (X tons) and the United Arab Emirates (X tons) were the largest exporters of wire rod used for concrete reinforcing, together achieving X% of total exports.

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, Turkey ($X) remains the largest concrete reinforcing wire rod supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In Turkey, concrete reinforcing wire rod exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Japan (-X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a slight curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Turkey (+X%), while the other leaders experienced a decline in the export price figures.

Imports of Wire Rod Used For Concrete Reinforcing

Imports in Asia

For the third consecutive year, Asia recorded growth in supplies from abroad of wire rod used for concrete reinforcing, which increased by X% to X tons in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, concrete reinforcing wire rod imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; afterwards, it flattened through to 2021.

Imports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports. These countries were followed by Taiwan (Chinese), Thailand, the Philippines, Malaysia, Turkey, Japan, Nepal, Saudi Arabia and Myanmar, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to 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 amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Israel ($X per ton), while China ($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