Report Update: May 1, 2024

India - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights

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Concrete Reinforcing Bar Price in India - 2023

Concrete Reinforcing Bar Price in India (FOB) - 2022

In 2022, the average concrete reinforcing bar export price amounted to $681 per ton, growing by 3.8% against the previous year. In general, the export price, however, saw a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 55%. Over the period under review, the average export prices attained the peak figure at $987 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($976 per ton), while the average price for exports to Bangladesh ($467 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+5.8%), while the prices for the other major destinations experienced a decline.

Concrete Reinforcing Bar Price in India (CIF) - 2023

The average concrete reinforcing bar import price stood at $826 per ton in July 2023, with an increase of 6.1% against the previous month. Over the period under review, the import price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 17% month-to-month. As a result, import price attained the peak level of $1,239 per ton. From September 2022 to July 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,279 per ton), while the price for China ($781 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Concrete Reinforcing Bar Exports in India

After three years of growth, overseas shipments of concrete reinforcing bars decreased by -73.7% to 230K tons in 2022. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 137% against the previous year. As a result, the exports reached the peak of 876K tons, and then dropped sharply in the following year.

In value terms, concrete reinforcing bar exports contracted sharply to $157M in 2022. In general, exports recorded a pronounced slump. The growth pace was the most rapid in 2021 when exports increased by 267%. As a result, the exports reached the peak of $575M, and then dropped sharply in the following year.

Export of Concrete Reinforcing Bar in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	89.6	83.5	336	74.8	-5.8%
Singapore	20.8	3.0	147	32.4	15.9%
Maldives	4.7	1.1	4.2	12.3	37.8%
Ireland	N/A	N/A	N/A	5.7	0%
Bangladesh	22.9	1.5	6.5	4.5	-41.9%
Myanmar	6.7	45.1	6.3	N/A	-3.0%
Others	36.5	22.6	74.2	27.3	-9.2%
Total	181	157	575	157	-4.6%

Top Export Markets for Concrete Reinforcing Bar from India in 2022:

Hong Kong SAR (116.5K tons)
Singapore (50.6K tons)
Maldives (15.2K tons)
Bangladesh (9.5K tons)
Ireland (6.6K tons)

Concrete Reinforcing Bar Imports in India

In 2022, concrete reinforcing bar imports into India fell sharply to 31K tons, shrinking by -52.7% compared with 2021. Overall, imports faced a dramatic curtailment. The smallest decline of -46% was in 2021.

In value terms, concrete reinforcing bar imports shrank remarkably to $30M in 2022. In general, imports continue to indicate a dramatic setback. The smallest decline of -29.2% was in 2021.

Import of Concrete Reinforcing Bar in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	32.5	11.3	13.6	10.6	-31.2%
South Korea	28.5	12.6	10.4	6.5	-38.9%
China	1.3	0.8	0.6	5.4	60.7%
Japan	0.3	1.3	4.6	4.5	146.6%
Bangladesh	0.1	N/A	N/A	1.9	166.8%
Singapore	68.2	25.6	14.7	N/A	-53.6%
Ukraine	21.7	9.8	N/A	N/A	-54.8%
Others	3.3	2.1	1.1	0.8	-37.6%
Total	156	63.5	44.9	29.6	-42.5%

Top Suppliers of Concrete Reinforcing Bar to India in 2022:

Singapore (undefinedK tons)
Thailand (12.9K tons)
South Korea (5.8K tons)
China (5.6K tons)
Japan (3.4K tons)
Bangladesh (2.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the concrete reinforcing bar market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 2410T241 - Concrete reinforcing bars
Prodcom 24106210 - Hot-rolled concrete reinforcing bars

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023