Southern Asia: Metal Wool Market 2025

Metal Wool Market Size in Southern Asia

In 2022, the South Asian metal wool market decreased by -5.6% to $X, falling for the third year in a row after three years of growth. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Production in Southern Asia

In value terms, metal wool production contracted to $X in 2022 estimated in export price. In general, production enjoyed perceptible growth. The pace of growth appeared the most rapid in 2017 with an increase of 70% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Wool Exports

Exports in Southern Asia

In 2022, approx. X tons of iron or steel wool were exported in Southern Asia; picking up by 5.3% against the previous year. Over the period under review, exports, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 156%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal wool exports stood at $X in 2022. Overall, exports showed a slight expansion. The growth pace was the most rapid in 2021 when exports increased by 126%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

India prevails in exports structure, resulting at X tons, which was near 94% of total exports in 2022. It was distantly followed by Pakistan (X tons), generating a 4.6% share of total exports.

Exports from India decreased at an average annual rate of -4.1% from 2012 to 2022. At the same time, Pakistan (+4.7%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +4.7% from 2012-2022. Pakistan (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -3% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest metal wool supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 2.9% share of total exports.

In India, metal wool exports expanded at an average annual rate of +1.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of 4.3% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool export price decreased by -10.9% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 66% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.9%).

Metal Wool Imports

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded decline in overseas purchases of iron or steel wool, which decreased by -31.1% to X tons in 2022. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metal wool imports shrank markedly to $X in 2022. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 38%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Bangladesh (X tons) was the main importer of iron or steel wool, mixing up 47% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a 19% share, followed by India (18%) and Nepal (14%).

Bangladesh was also the fastest-growing in terms of the iron or steel wool imports, with a CAGR of +12.6% from 2012 to 2022. At the same time, Nepal (+4.6%) displayed positive paces of growth. By contrast, Pakistan (-5.9%) and India (-22.1%) illustrated a downward trend over the same period. While the share of Bangladesh (+42 p.p.), Nepal (+11 p.p.) and Pakistan (+6.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-57.1 p.p.) displayed negative dynamics.

In value terms, the largest metal wool importing markets in Southern Asia were Bangladesh ($X), India ($X) and Pakistan ($X), with a combined 85% share of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +15.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by -10.5% against the previous year. Over the period under review, the import price, however, recorded a tangible increase. The pace of growth was the most pronounced in 2017 when the import price increased by 62% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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