Southern Asia: Aluminium Alloy Wire Market 2025

Aluminium Alloy Wire Market Size in Southern Asia

The South Asian aluminium alloy wire market fell slightly to $X in 2022, waning by -2% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 4.3% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aluminium Alloy Wire Production in Southern Asia

In value terms, aluminium alloy wire production shrank modestly to $X in 2022 estimated in export price. In general, production showed a mild descent. The pace of growth appeared the most rapid in 2018 with an increase of 4% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Aluminium Alloy Wire Exports

Exports in Southern Asia

In 2022, the amount of aluminium alloy wire exported in Southern Asia rose significantly to X tons, growing by 14% compared with the previous year's figure. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 50% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, aluminium alloy wire exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 46%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together amounting to 99.9% of total export.

India was also the fastest-growing in terms of the aluminium alloy wire exports, with a CAGR of +12.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest aluminium alloy wire supplier in Southern Asia.

In India, aluminium alloy wire exports expanded at an average annual rate of +13.3% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 9.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.8% per year.

Aluminium Alloy Wire Imports

Imports in Southern Asia

In 2022, overseas purchases of aluminium alloy wire decreased by -10.7% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, aluminium alloy wire imports amounted to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 50%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

India represented the main importer of aluminium alloy wire in Southern Asia, with the volume of imports finishing at X tons, which was approx. 54% of total imports in 2022. It was distantly followed by Nepal (X tons), Pakistan (X tons), Bangladesh (X tons) and Sri Lanka (X tons), together achieving a 45% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium alloy wire imports into India stood at +1.2%. At the same time, Nepal (+34.0%), Pakistan (+19.4%), Bangladesh (+18.7%) and Sri Lanka (+1.1%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +34.0% from 2012-2022. From 2012 to 2022, the share of Nepal, Pakistan and Bangladesh increased by +16, +8.6 and +5.4 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported aluminium alloy wire in Southern Asia, comprising 67% of total imports. The second position in the ranking was taken by Pakistan ($X), with an 11% share of total imports. It was followed by Nepal, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+18.5% per year) and Nepal (+35.1% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, rising by 28% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform