India: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in India

The Indian non-alloy steel i-sections market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.4%. Non-alloy steel i-sections consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Alloy Steel I-Sections Production in India

In value terms, non-alloy steel i-sections production rose significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.1% against the previous year. Non-alloy steel i-sections production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Non-Alloy Steel I-Sections Exports

Exports from India

In 2021, non-alloy steel i-sections exports from India surged to X tons, growing by 335% compared with 2020. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy steel i-sections exports skyrocketed to $X in 2021. In general, exports saw a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Nepal (X tons) and Qatar (X tons) were the main destinations of non-alloy steel i-sections exports from India, together comprising 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +1,614.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy steel i-sections exported from India were Canada ($X), Nepal ($X) and Qatar ($X), with a combined 69% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +1,357.5%, recorded the highest growth rate of 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

In 2021, the average non-alloy steel i-sections export price amounted to $X per ton, surging by 45% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to South Africa ($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 Canada (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into India

In 2021, overseas purchases of i-sections of non-alloy steel decreased by -53.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 735%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports shrank notably to $X in 2021. Overall, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 469%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest non-alloy steel i-sections supplier to India, accounting for a 61% share of total imports. Moreover, non-alloy steel i-sections imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+29.4% per year) and Belgium (-25.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of i-sections of non-alloy steel to India, comprising 60% of total imports. The second position in the ranking was held by Bahrain ($X), with a 15% share of total imports. It was followed by Germany, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+26.7% per year) and Germany (+12.1% per year).

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, growing by 42% against the previous year. Overall, the import price, however, showed a mild contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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