Southern Asia: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Southern Asia

In 2021, the South Asian hot-dipped metal-coated sheet market increased by 1.1% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Production in Southern Asia

In value terms, hot-dipped metal-coated sheet production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 23% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports in Southern Asia

After four years of decline, shipments abroad of hot-dipped metal-coated sheet increased by 112% to X tons in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet exports surged to $X in 2021. Overall, exports continue to indicate a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, recording X tons, which was near 97% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of exports of hot-dipped metal-coated sheet. At the same time, Pakistan (+55.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +55.4% from 2012-2021. While the share of Pakistan (+3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest hot-dipped metal-coated sheet supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was held by Pakistan ($X), with a 2.9% share of total exports.

In India, hot-dipped metal-coated sheet exports increased at an average annual rate of +3.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, increasing by 63% against the previous year. Export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.9%).

Hot-Dipped Metal-Coated Sheet Imports

Imports in Southern Asia

In 2021, purchases abroad of hot-dipped metal-coated sheet was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet imports soared to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

India was the key importer of hot-dipped metal-coated sheet in Southern Asia, with the volume of imports resulting at X tons, which was near 42% of total imports in 2021. It was distantly followed by Pakistan (X tons), Bangladesh (X tons) and Sri Lanka (X tons), together mixing up a 55% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +20.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported hot-dipped metal-coated sheet in Southern Asia, comprising 51% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total imports. It was followed by Sri Lanka, with a 15% share.

In India, hot-dipped metal-coated sheet imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-1.9% per year) and Sri Lanka (+17.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, jumping by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :