Southern Asia: Iron Angle Market 2024

Iron Angle Market Size in Southern Asia

In 2021, the South Asian iron angle market decreased by -1.8% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Iron Angle Production in Southern Asia

In value terms, iron angle production totaled $X in 2021 estimated in export price. In general, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 10%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Iron Angle Exports

Exports in Southern Asia

Iron angle exports surged to X tons in 2021, picking up by 54% against 2020. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

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

Exports by Country

The biggest shipments were from India (X tons), together finishing at 100% of total export.

India was also the fastest-growing in terms of the angles, shapes and sections (of iron or non-alloy steel) exports, with a CAGR of +12.6% from 2012 to 2021. India (+11 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest iron angle supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India totaled +13.0%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 39% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.3% per year.

Iron Angle Imports

Imports in Southern Asia

In 2021, purchases abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by -9% to X tons, falling for the third year in a row after four years of growth. Total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 24% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, iron angle imports expanded slightly to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Afghanistan (X tons) represented the main importer of angles, shapes and sections (of iron or non-alloy steel), constituting 52% of total imports. Nepal (X tons) ranks second in terms of the total imports with a 20% share, followed by Bangladesh (12%), India (6.9%) and Sri Lanka (5%). Pakistan (X tons) followed a long way behind the leaders.

Imports into Afghanistan increased at an average annual rate of +8.9% from 2012 to 2021. At the same time, Nepal (+25.8%) and Bangladesh (+2.7%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +25.8% from 2012-2021. By contrast, Pakistan (-6.0%), Sri Lanka (-7.4%) and India (-15.8%) illustrated a downward trend over the same period. While the share of Afghanistan (+23 p.p.) and Nepal (+17 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-2.3 p.p.), Sri Lanka (-6.8 p.p.) and India (-31.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X), Nepal ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, with a combined 77% share of total imports.

Nepal, with a CAGR of +23.8%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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