India - Flat-Rolled Products Of Iron Or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFlat-Rolled Steel Products Price in India - 2023
Contents:
- Flat-Rolled Steel Products Price in India (FOB) - 2023
- Flat-Rolled Steel Products Price in India (CIF) - 2022
- Flat-Rolled Steel Products Exports in India
- Flat-Rolled Steel Products Imports in India
Flat-Rolled Steel Products Price in India (FOB) - 2023
In July 2023, the average flat-rolled steel products export price amounted to $1,000 per ton, dropping by -2% against the previous month. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in February 2023 an increase of 9.1% month-to-month. The export price peaked at $1,300 per ton in August 2022; however, from September 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In July 2023, the countries with the highest prices were Italy ($1,059 per ton) and Bangladesh ($1,058 per ton), while the average price for exports to Spain ($934 per ton) and the United Arab Emirates ($954 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.5%), while the prices for the other major destinations experienced a decline.
Flat-Rolled Steel Products Price in India (CIF) - 2022
In 2022, the average flat-rolled steel products import price amounted to $968 per ton, growing by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1,755 per ton), while the price for Switzerland ($491 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Flat-Rolled Steel Products Exports in India
After three years of growth, shipments abroad of flat-rolled products of iron or non-alloy steel decreased by -29.3% to 89K tons in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36%.
In value terms, flat-rolled steel products exports dropped remarkably to $124M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 98% against the previous year. As a result, the exports reached the peak of $157M, and then reduced sharply in the following year.
| Export of Flat-Rolled Steel Products in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 23.2 | 22.4 | 34.9 | 29.6 | 8.5% |
| Nepal | 8.7 | 7.3 | 33.9 | 29.1 | 49.6% |
| Italy | 10.7 | 29.9 | 33.3 | 28.3 | 38.3% |
| Malaysia | 1.9 | 0.1 | 8.5 | 7.2 | 55.9% |
| Sri Lanka | 2.7 | 2.8 | 6.3 | 5.4 | 26.0% |
| Egypt | 1.9 | 4.0 | 4.9 | 4.2 | 30.3% |
| Bangladesh | 1.9 | 1.3 | 3.7 | 3.2 | 19.0% |
| Spain | 2.8 | 1.3 | 3.6 | 3.0 | 2.3% |
| Belgium | 1.1 | 1.3 | 3.4 | 2.9 | 38.1% |
| Greece | 0.1 | 1.5 | 3.2 | 2.7 | 200.0% |
| Oman | 0.4 | 2.6 | 2.9 | 2.5 | 84.2% |
| Tunisia | 4.9 | 0.2 | 1.1 | 1.8 | -28.4% |
| Others | 3.5 | 4.3 | 17.1 | 4.3 | 7.1% |
| Total | 63.8 | 79.1 | 157 | 124 | 24.8% |
Top Export Markets for Flat-Rolled Steel Products from India in 2022:
- United Arab Emirates (22.5K tons)
- Nepal (20.5K tons)
- Italy (19.7K tons)
- Malaysia (4.7K tons)
- Sri Lanka (3.7K tons)
- Egypt (2.9K tons)
- Spain (2.3K tons)
- Belgium (2.2K tons)
- Bangladesh (2.0K tons)
- Greece (1.8K tons)
- Tunisia (1.8K tons)
- Oman (1.5K tons)
Flat-Rolled Steel Products Imports in India
Flat-rolled steel products imports into India shrank sharply to 9.3K tons in 2022, with a decrease of -91.3% compared with the previous year. Overall, imports faced a significant contraction. The smallest decline of -15.9% was in 2021.
In value terms, flat-rolled steel products imports declined dramatically to $9M in 2022. In general, imports showed a dramatic shrinkage. The smallest decline of -7.1% was in 2021.
| Import of Flat-Rolled Steel Products in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 31.5 | 17.2 | 13.1 | 1.7 | -62.2% |
| Japan | 24.1 | 15.8 | 8.1 | 1.6 | -59.5% |
| Netherlands | 5.2 | 3.3 | 11.2 | 1.0 | -42.3% |
| United States | 14.4 | 5.7 | 3.7 | 0.7 | -63.5% |
| South Korea | 9.6 | 5.0 | 3.9 | 0.6 | -60.3% |
| Italy | 6.5 | 2.4 | 5.1 | 0.5 | -57.5% |
| China | 7.1 | 5.5 | 3.5 | 0.5 | -58.7% |
| Germany | 8.1 | 4.2 | 6.1 | 0.5 | -60.5% |
| Singapore | 2.5 | 2.5 | 2.4 | 0.3 | -50.7% |
| Spain | 6.3 | 3.9 | 2.0 | 0.3 | -63.8% |
| United Arab Emirates | 0.3 | 1.9 | 2.7 | 0.2 | -12.6% |
| Malaysia | 2.5 | 1.6 | 1.7 | 0.2 | -56.9% |
| Switzerland | 5.8 | N/A | 0.1 | 0.2 | -67.5% |
| Others | 14.3 | 10.4 | 10.1 | 0.8 | -61.8% |
| Total | 138 | 79.2 | 73.6 | 9.0 | -59.7% |
Top Suppliers of Flat-Rolled Steel Products to India in 2022:
- Netherlands (1580.0 tons)
- Belgium (1308.5 tons)
- Japan (902.8 tons)
- Italy (752.7 tons)
- United States (666.9 tons)
- Spain (559.5 tons)
- Singapore (405.4 tons)
- South Korea (387.1 tons)
- United Arab Emirates (384.5 tons)
- Germany (372.0 tons)
- Switzerland (312.6 tons)
- China (308.1 tons)
- Malaysia (134.3 tons)
This report provides an in-depth analysis of the flat-rolled steel products 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 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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