Southern Asia: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Southern Asia

The South Asian iron or steel can market totaled $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Production of Iron or Steel Cans in Southern Asia

In value terms, iron or steel can production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Exports of Iron or Steel Cans

Exports in Southern Asia

In 2021, the amount of iron or steel cans exported in Southern Asia soared to X units, jumping by 27% on 2020. Total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 88% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, iron or steel can exports surged to $X in 2021. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 137%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from India (X units), together finishing at 99% of total export.

India was also the fastest-growing in terms of the iron or steel cans exports, with a CAGR of +5.2% from 2012 to 2021. While the share of India (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, iron or steel can exports expanded at an average annual rate of +6.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, increasing by 2.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2017 when the export price increased by 26%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 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 Iron or Steel Cans

Imports in Southern Asia

In 2021, the amount of iron or steel cans imported in Southern Asia skyrocketed to X units, increasing by 26% on the previous year. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, iron or steel can imports skyrocketed to $X in 2021. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 74% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Sri Lanka (X units) and India (X units) were the key importers of iron or steel cans in 2021, recording near 46% and 32% of total imports, respectively. It was distantly followed by Bangladesh (X units), creating a 15% share of total imports. Pakistan (X units) and Nepal (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sri Lanka (with a CAGR of +34.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), India ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2021, with a combined 93% share of total imports.

Sri Lanka, with a CAGR of +34.4%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 12% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Pakistan ($X per unit) and India ($X per unit), while Nepal ($X per unit) and Sri Lanka ($X per unit) were 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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