Southern Asia: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Southern Asia

The South Asian iron and steel wire market contracted to $X in 2020, with a decrease of -X% against the previous year. The total consumption indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Southern Asia

In value terms, iron and steel wire production totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The level of production peaked in 2020 and is likely to continue growth in years to come.

Production By Country in Southern Asia

The country with the largest volume of iron and steel wire production was India (X tons), comprising approx. X% of total volume. Moreover, iron and steel wire production in India exceeded the figures recorded by the second-largest producer, Nepal (X tons), tenfold.

In India, iron and steel wire production expanded at an average annual rate of +X% over the period from 2007-2020.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports in Southern Asia

In 2020, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, iron and steel wire exports reduced to $X in 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

India prevails in iron and steel wire exports structure, amounting to X tons, which was approx. X% of total exports in 2020. Nepal (X tons) took a minor share of total exports.

India was also the fastest-growing in terms of the wire of iron or non-alloy steel (stainless steel or other alloy steel) exports, with a CAGR of +X% from 2007 to 2020. Nepal (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India increased by +X% percentage points, while Nepal (-X p.p.) saw their share reduced.

In value terms, India ($X) remains the largest iron and steel wire supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Nepal ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in India was relatively modest.

Export Prices by Country

In 2020, the iron and steel wire export price in Southern Asia amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while Nepal stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports in Southern Asia

Iron and steel wire imports declined sharply to X tons in 2020, waning by -X% compared with 2019 figures. In general, imports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports declined significantly to $X in 2020. Over the period under review, imports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

India was the major importer of wire of iron or non-alloy steel (stainless steel or other alloy steel) in Southern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2020. Sri Lanka (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Bangladesh (X%), Nepal (X%) and Pakistan (X%). Afghanistan (X tons) held a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to iron and steel wire imports into India stood at +X%. At the same time, Nepal (+X%), Bangladesh (+X%), Sri Lanka (+X%) and Afghanistan (+X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2020. Pakistan experienced a relatively flat trend pattern. Bangladesh (+X p.p.) and Nepal (+X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and India saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported wire of iron or non-alloy steel (stainless steel or other alloy steel) in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in India stood at +X%. In the other countries, the average annual rates were as follows: Sri Lanka (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2020, the iron and steel wire import price in Southern Asia amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Afghanistan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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