Report Update Nov 1, 2024

Southern Asia - Crude Steel and Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Southern Asia

In 2021, the South Asian market for raw steel and steel semi-finished products increased by 9.1% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Raw Steel And Steel Semi-Finished Products in Southern Asia

In value terms, production of raw steel and steel semi-finished products expanded significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 36%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports in Southern Asia

In 2021, after two years of growth, there was significant decline in overseas shipments of raw steel and steel semi-finished products, when their volume decreased by -13.3% to X tons. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 126% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, exports of raw steel and steel semi-finished products soared to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 107% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2021.

India was also the fastest-growing in terms of the raw steel and steel semi-finished products exports, with a CAGR of +27.5% 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 raw steel and steel semi-finished products supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +26.0%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 52% against the previous year. In general, the export price, however, showed a mild setback. The level of export peaked at $X per ton in 2012; however, from 2013 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 -1.2% per year.

Imports of Raw Steel And Steel Semi-Finished Products

Imports in Southern Asia

In 2021, purchases abroad of raw steel and steel semi-finished products was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2015 when imports increased by 47% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of raw steel and steel semi-finished products surged to $X in 2021. In general, imports, however, showed a pronounced shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nepal (X tons) and Sri Lanka (X tons) prevails in products structure, together generating 94% of total imports. It was distantly followed by India (X tons), constituting a 5.4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +12.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest raw steel and steel semi-finished products importing markets in Southern Asia were Nepal ($X), Sri Lanka ($X) and India ($X), together comprising 99% of total imports.

Nepal, with a CAGR of +11.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, jumping by 37% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw steel and steel semi-finished products in Southern Asia?

The country with the largest volume of consumption of raw steel and steel semi-finished products was India, comprising approx. 90% of total volume. Moreover, consumption of raw steel and steel semi-finished products in India exceeded the figures recorded by the second-largest consumer, Bangladesh, more than tenfold.

What are the largest producers of raw steel and steel semi-finished products in Southern Asia?

The country with the largest volume of production of raw steel and steel semi-finished products was India, accounting for 92% of total volume. Moreover, production of raw steel and steel semi-finished products in India exceeded the figures recorded by the second-largest producer, Bangladesh, more than tenfold.

What are the leading suppliers of raw steel and steel semi-finished products in Southern Asia?

In value terms, India remains the largest raw steel and steel semi-finished products supplier in Southern Asia.

What are the leading importers of raw steel and steel semi-finished products in Southern Asia?

In value terms, Nepal constitutes the largest market for imported raw steel and steel semi-finished products in Southern Asia, comprising 52% of total imports. The second position in the ranking was occupied by Sri Lanka, with a 25% share of total imports. It was followed by India, with a 19% share.

What is the average export price for raw steel and steel semi-finished products in Southern Asia?

The export price for raw steel and steel semi-finished products in Southern Asia stood at $401 per ton in 2020, declining by -8.3% against the previous year.

What is the average import price for raw steel and steel semi-finished products in Southern Asia?

In 2020, the import price for raw steel and steel semi-finished products in Southern Asia amounted to $400 per ton, dropping by -16.1% against the previous year.

This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24102110 - Flat semi-finished products (of non-alloy steel)
Prodcom 24102121 - Ingots, other primary forms and long semi-finished products for seamless tubes (of non-alloy steel)
Prodcom 24102122 - Other ingots, primary forms and long semi-finished products including blanks (of non-alloy steel)
Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
Prodcom 24102321 - Ingots, other primary forms and long semi-finished products for seamless tubes (of alloy steel other than of stainless steel)
Prodcom 24102322 - Other ingots, primary forms and long semi-finished products (of alloy steel other than of stainless steel)

Country coverage:

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023