India: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in India

The Indian concrete reinforcing wire rod market was estimated at $X in 2020, leveling off at the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; afterwards, it flattened through to 2020.

Production of Wire Rod Used For Concrete Reinforcing in India

In value terms, concrete reinforcing wire rod production fell to $X in 2021 estimated in export price. In general, production, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Concrete reinforcing wire rod production peaked at $X in 2020, and then dropped in the following year.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from India

In 2021, exports of wire rod used for concrete reinforcing from India dropped to X tons, with a decrease of -X% on the year before. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell in the following year.

In value terms, concrete reinforcing wire rod exports reached $X in 2021. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Nepal (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main destinations of concrete reinforcing wire rod exports from India, together comprising X% of total exports. The United States, South Korea, Hong Kong SAR, Bangladesh, Sri Lanka, Kenya, Israel, China and Switzerland lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Taiwan (Chinese) ($X) and Thailand ($X) appeared to be the largest markets for concrete reinforcing wire rod exported from India worldwide, with a combined X% share of total exports. These countries were followed by the United States, South Korea, Hong Kong SAR, Bangladesh, Sri Lanka, Kenya, Israel, China and Switzerland, which together accounted for a further X Korea, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 concrete reinforcing wire rod export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were the United States ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Nepal ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into India

In 2021, supplies from abroad of wire rod used for concrete reinforcing increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod imports surged to $X in 2021. In general, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Japan (X tons) and China (X tons) were the main suppliers of concrete reinforcing wire rod imports to India, with a combined X% share of total imports.

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

In value terms, South Korea ($X), Japan ($X) and China ($X) were the largest concrete reinforcing wire rod suppliers to India, together comprising X% of total imports.

Among the main suppliers, South Korea, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete reinforcing wire rod import price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked in 2021 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform