India - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in India - 2023
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in India (FOB) - 2023
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in India (CIF) - 2022
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in India
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in India
Price for Hot-Rolled Non-Alloy Steel Wire Rod in India (FOB) - 2023
In July 2023, the average export price for hot-rolled non-alloy steel wire rods amounted to $584 per ton, waning by -5.1% against the previous month. Overall, the export price saw a pronounced slump. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 12% m-o-m. As a result, the export price reached the peak level of $934 per ton. From November 2022 to July 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Taiwan (Chinese) ($628 per ton) and Bangladesh ($607 per ton), while the average price for exports to Nepal ($573 per ton) and South Korea ($597 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 Belgium (-2.2%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in India (CIF) - 2022
In 2022, the average import price for hot-rolled non-alloy steel wire rods amounted to $1,065 per ton, rising by 28% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled non-alloy steel wire rod import price increased by +57.1% against 2020 indices. 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 the UK ($3,117 per ton), while the price for Spain ($610 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in India
In 2022, after three years of growth, there was significant decline in shipments abroad of hot-rolled non-alloy steel wire rods, when their volume decreased by -49.9% to 466K tons. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 139%. As a result, the exports attained the peak of 929K tons, and then shrank dramatically in the following year.
In value terms, hot-rolled non-alloy steel wire rod exports dropped sharply to $362M in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 260%. As a result, the exports reached the peak of $642M, and then shrank markedly in the following year.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 113 | 91.5 | 148 | 138 | 6.9% |
| Taiwan (Chinese) | 6.6 | 9.3 | 140 | 114 | 158.5% |
| Thailand | 7.1 | 33.5 | 52.1 | 44.8 | 84.8% |
| Bangladesh | 7.9 | 10.3 | 16.6 | 14.3 | 21.9% |
| Sri Lanka | 8.4 | 6.8 | 14.9 | 13.8 | 18.0% |
| Kenya | 0.3 | 6.1 | 14.4 | 12.3 | 244.8% |
| China | N/A | N/A | 10.3 | 8.9 | -13.6% |
| United States | 8.6 | N/A | 46.7 | 0.1 | -77.3% |
| Others | 2.5 | 21.0 | 199 | 16.1 | 86.0% |
| Total | 155 | 179 | 642 | 362 | 32.7% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from India in 2022:
- United States (undefinedK tons)
- Nepal (191.7K tons)
- Taiwan (Chinese) (140.0K tons)
- Thailand (51.1K tons)
- Kenya (18.3K tons)
- Sri Lanka (16.8K tons)
- Bangladesh (16.4K tons)
- China (10.4K tons)
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in India
In 2022, imports of hot-rolled non-alloy steel wire rods into India fell notably to 24K tons, waning by -34.4% on 2021 figures. Overall, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year.
In value terms, hot-rolled non-alloy steel wire rod imports declined sharply to $26M in 2022. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 132%.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 22.7 | 4.4 | 12.3 | 8.9 | -26.8% |
| Japan | 1.0 | 0.8 | 7.3 | 4.9 | 69.8% |
| China | 7.2 | 3.0 | 3.9 | 4.0 | -17.8% |
| Germany | 2.3 | 1.1 | 3.4 | 2.9 | 8.0% |
| United Arab Emirates | 3.2 | 3.1 | 2.0 | 2.7 | -5.5% |
| Netherlands | N/A | N/A | 0.2 | 0.7 | 250.0% |
| Canada | 0.8 | 0.2 | 0.7 | 0.3 | -27.9% |
| Others | 2.5 | 0.5 | 0.8 | 1.3 | -19.6% |
| Total | 39.8 | 13.2 | 30.6 | 25.6 | -13.7% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to India in 2022:
- South Korea (8.2K tons)
- Japan (4.2K tons)
- China (3.8K tons)
- United Arab Emirates (3.6K tons)
- Germany (2.2K tons)
- Netherlands (0.8K tons)
- Canada (0.3K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
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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