India - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in India - 2023
Contents:
- Metal Wool Price in India (FOB) - 2022
- Metal Wool Price in India (CIF) - 2022
- Metal Wool Exports in India
- Metal Wool Imports in India
Metal Wool Price in India (FOB) - 2022
The average metal wool export price stood at $5,138 per ton in 2022, increasing by 4.8% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 87% against the previous year. The export price peaked at $6,294 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,955 per ton), while the average price for exports to Yemen ($161 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 Germany (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Wool Price in India (CIF) - 2022
The average metal wool import price stood at $3,654 per ton in 2022, falling by -8.1% against the previous year. In general, the import price, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 when the average import price increased by 83% against the previous year. Over the period under review, average import prices reached the peak figure at $4,217 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,204 per ton), while the price for China amounted to $3,550 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%).
Metal Wool Exports in India
For the fourth year in a row, India recorded growth in overseas shipments of iron or steel wool, which increased by 2.6% to 1.2K tons in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 163% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, metal wool exports expanded sharply to $6.2M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 130% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Metal Wool in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 267 | 1,367 | 2,608 | 4,156 | 149.7% |
| United Kingdom | 266 | 206 | 294 | 335 | 8.0% |
| Kenya | 130 | 36.9 | 208 | 238 | 22.3% |
| Nepal | 125 | 87.4 | 196 | 188 | 14.6% |
| United Arab Emirates | 152 | 119 | 108 | 152 | 0.0% |
| France | 4.3 | 2.9 | 76.0 | 107 | 191.9% |
| Morocco | 1.4 | N/A | N/A | 71.3 | 270.7% |
| South Africa | 44.2 | 35.0 | 30.7 | 45.3 | 0.8% |
| Ukraine | N/A | N/A | N/A | 11.1 | 0% |
| Yemen | N/A | N/A | N/A | 3.1 | 0% |
| Others | 586 | 657 | 2,244 | 898 | 15.3% |
| Total | 1,577 | 2,511 | 5,765 | 6,205 | 57.9% |
Top Export Markets for Metal Wool from India in 2022:
- United States (597.5 tons)
- Nepal (82.0 tons)
- Kenya (80.2 tons)
- United Kingdom (68.4 tons)
- Ukraine (52.8 tons)
- United Arab Emirates (37.5 tons)
- Morocco (31.8 tons)
- France (24.5 tons)
- Yemen (19.3 tons)
- South Africa (18.7 tons)
Metal Wool Imports in India
For the third consecutive year, India recorded decline in supplies from abroad of iron or steel wool, which decreased by -43.6% to 280 tons in 2022. Over the period under review, imports recorded a precipitous slump. The smallest decline of -23.8% was in 2020.
In value terms, metal wool imports dropped significantly to $1M in 2022. In general, imports recorded a dramatic decline. The smallest decline of -14.1% was in 2020.
| Import of Metal Wool in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 5.2 | 1.8 | 0.9 | -46.0% |
| Germany | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Others | 0.4 | 0.1 | 0.1 | N/A | -50.0% |
| Total | 6.2 | 5.3 | 2.0 | 1.0 | -45.6% |
Top Suppliers of Metal Wool to India in 2022:
- China (263.2 tons)
- Germany (10.7 tons)
This report provides an in-depth analysis of the metal wool 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 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
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
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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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