India: Expanded Metal Market 2025

Expanded Metal Market Size in India

The Indian expanded metal market reached $X in 2022, with an increase of 3.9% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.6% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Expanded Metal Production in India

In value terms, expanded metal production totaled $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.4% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 42%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports from India

In 2022, approx. X tons of iron or steel expanded metal were exported from India; falling by -37.4% on the previous year. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 302%. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, expanded metal exports contracted rapidly to $X in 2022. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 197%. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Nepal (X tons) was the main destination for expanded metal exports from India, accounting for a 39% share of total exports. Moreover, expanded metal exports to Nepal exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was held by Nigeria (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal totaled +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+1,054.4% per year) and Nigeria (+85.2% per year).

In value terms, Nepal ($X), the United States ($X) and Qatar ($X) were the largest markets for expanded metal exported from India worldwide, with a combined 59% share of total exports. Nigeria, the United Arab Emirates, Portugal, Bhutan and Kenya lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Portugal, with a CAGR of +780.5%, 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 2022, the average expanded metal export price amounted to $X per ton, increasing by 28% against the previous year. Overall, the export price, however, recorded a mild decline. The growth pace was the most rapid in 2014 when the average export price increased by 99%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Metal Imports

Imports into India

In 2022, after two years of growth, there was significant decline in supplies from abroad of iron or steel expanded metal, when their volume decreased by -17.9% to X tons. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 140% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, expanded metal imports fell to $X in 2022. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 190% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of expanded metal to India, with a 68% share of total imports. Moreover, expanded metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Canada (X tons), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+69.8% per year) and Canada (+54.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel expanded metal to India, comprising 59% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 24% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+24.7% per year) and Italy (+24.3% per year).

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2022, with an increase of 15% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 76% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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