Southern Asia: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in Southern Asia

In 2021, the South Asian iron or steel towers market decreased by -15% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then declined notably in the following year.

Production of Iron Or Steel Towers And Lattice Masts in Southern Asia

In value terms, iron or steel towers production reduced to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.8% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 20%. As a result, production reached the peak level of $X, and then reduced in the following year.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in Southern Asia

In 2021, overseas shipments of iron or steel towers and lattice masts increased by 24% to X tons, rising for the third year in a row after three years of decline. Total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% 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 +78.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 48%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, iron or steel towers exports declined dramatically to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 33% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, India (X tons) was the major exporter of iron or steel towers and lattice masts in Southern Asia, mixing up 100% of total export.

India was also the fastest-growing in terms of the iron or steel towers and lattice masts exports, with a CAGR of +3.2% 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 iron or steel towers supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, declining by -32.4% against the previous year. In general, the export price showed a pronounced contraction. The pace of growth was the most pronounced in 2017 an increase of 32%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 -2.8% per year.

Imports of Iron Or Steel Towers And Lattice Masts

Imports in Southern Asia

In 2021, after two years of growth, there was significant decline in purchases abroad of iron or steel towers and lattice masts, when their volume decreased by -20.5% to X tons. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2017 when imports increased by 142% against the previous year. The volume of import peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, iron or steel towers imports declined notably to $X in 2021. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 121%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Pakistan represented the largest importing country with an import of around X tons, which resulted at 40% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 22% share, followed by Nepal (20%), Afghanistan (9.6%) and Sri Lanka (6.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Nepal ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, together comprising 80% of total imports.

Among the main importing countries, Nepal, with a CAGR of +27.2%, recorded the highest rates of growth with regard to the value of imports, 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, waning by -12.8% against the previous year. In general, the import price showed a perceptible contraction. The pace of growth was the most pronounced in 2016 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton 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 Nepal ($X per ton) and Afghanistan ($X per ton), while Pakistan ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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