India: Iron Angle Market 2025

Iron Angle Market Size in India

In 2021, the Indian iron angle market decreased by -2.1% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Iron Angle Production in India

In value terms, iron angle production reached $X in 2021 estimated in export price. In general, production showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 10%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Iron Angle Exports

Exports from India

In 2021, exports of angles, shapes and sections (of iron or non-alloy steel) from India skyrocketed to X tons, growing by 55% against the year before. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 70%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, iron angle exports skyrocketed to $X in 2021. In general, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nepal (X tons), Canada (X tons) and the UK (X tons) were the main destinations of iron angle exports from India, together comprising 51% of total exports. The United Arab Emirates, Saudi Arabia, Qatar, Hong Kong SAR, Sri Lanka, Bangladesh and Kenya lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +318.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron angle exported from India were Nepal ($X), Canada ($X) and the UK ($X), with a combined 50% share of total exports. The United Arab Emirates, Hong Kong SAR, Qatar, Saudi Arabia, Sri Lanka, Bangladesh and Kenya lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +326.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron angle export price stood at $X per ton in 2021, picking up by 39% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into India

In 2021, overseas purchases of angles, shapes and sections (of iron or non-alloy steel) decreased by -46.3% to X tons, falling for the second year in a row after three years of growth. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, iron angle imports dropped markedly to $X in 2021. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 59% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Belgium (X tons) were the main suppliers of iron angle imports to India, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +71.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of angles, shapes and sections (of iron or non-alloy steel) to India, comprising 58% of total imports. The second position in the ranking was held by Bahrain ($X), with a 22% share of total imports. It was followed by Belgium, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+67.3% per year) and Belgium (+50.2% per year).

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, increasing by 22% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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