Asia: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Asia

The Asian concrete reinforcing bar market contracted modestly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Concrete Reinforcing Bar Production in Asia

In value terms, concrete reinforcing bar production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports in Asia

In 2022, after four years of growth, there was significant decline in shipments abroad of concrete reinforcing bars, when their volume decreased by X% to X tons. Total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, concrete reinforcing bar exports contracted to $X in 2022. Over the period under review, exports, however, saw a temperate expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Turkey (X tons) was the largest exporter of concrete reinforcing bars, achieving X% of total exports. China (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%), Malaysia (X%), the United Arab Emirates (X%), Japan (X%) and Oman (X%).

From 2012 to 2022, average annual rates of growth with regard to concrete reinforcing bar exports from Turkey stood at X%. At the same time, Oman (X%), Malaysia (X%), Vietnam (X%), China (X%), the United Arab Emirates (X%) and Japan (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.), Vietnam (X p.p.), Malaysia (X p.p.), Oman (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest concrete reinforcing bar supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

In Turkey, concrete reinforcing bar exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports in Asia

In 2022, after four years of growth, there was significant decline in supplies from abroad of concrete reinforcing bars, when their volume decreased by X% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar imports fell to $X in 2022. Overall, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Hong Kong SAR (X tons) and Iraq (X tons) were the main importers of concrete reinforcing bars in Asia, together finishing at near X% of total imports. Yemen (X tons) took the next position in the ranking, followed by South Korea (X tons), Kazakhstan (X tons) and China (X tons). All these countries together took approx. X% share of total imports. Singapore (X tons), Israel (X tons), Saudi Arabia (X tons), Kyrgyzstan (X tons), Thailand (X tons), the United Arab Emirates (X tons) and Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kyrgyzstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Iraq ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Yemen, Israel, Singapore, Kazakhstan, China, Thailand, Saudi Arabia, Mongolia, the United Arab Emirates and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :