Southern Asia: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in Southern Asia

In 2021, after three years of growth, there was significant decline in the South Asian stainless steel angle market, when its value decreased by -6.9% to $X. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Stainless Steel Angle Production in Southern Asia

In value terms, stainless steel angle production totaled $X in 2021 estimated in export price. In general, production saw a slight slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Stainless Steel Angle Exports

Exports in Southern Asia

In 2021, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 49% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, stainless steel angle exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) represented roughly 99.9% of total exports in 2021.

India was also the fastest-growing in terms of the angles, shapes and sections of stainless steel or other alloy steel exports, with a CAGR of +5.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In India, stainless steel angle exports expanded at an average annual rate of +5.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 19% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a 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 -0.7% per year.

Stainless Steel Angle Imports

Imports in Southern Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of angles, shapes and sections of stainless steel or other alloy steel, when their volume increased by 32% to X tons. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 378% 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 failed to regain momentum.

In value terms, stainless steel angle imports surged to $X in 2021. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 217%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Bangladesh was the main importer of angles, shapes and sections of stainless steel or other alloy steel in Southern Asia, with the volume of imports accounting for X tons, which was approx. 67% of total imports in 2021. It was distantly followed by Sri Lanka (X tons) and India (X tons), together achieving a 31% share of total imports. Pakistan (X tons) held a little share of total imports.

Imports into Bangladesh increased at an average annual rate of +17.5% from 2012 to 2021. At the same time, Pakistan (+20.4%), India (+7.9%) and Sri Lanka (+5.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +20.4% from 2012-2021. While the share of Bangladesh (+24 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-4.7 p.p.) and Sri Lanka (-12.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stainless steel angle importing markets in Southern Asia were Bangladesh ($X), India ($X) and Sri Lanka ($X), together comprising 97% of total imports. Pakistan lagged somewhat behind, accounting for a further 2.3%.

Pakistan, with a CAGR of +14.4%, saw 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

The import price in Southern Asia stood at $X per ton in 2021, growing by 3.6% against the previous year. In general, the import price, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2015 an increase of 28% against the previous year. Over the period under review, import prices attained 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 importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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