Asia-Pacific: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Asia-Pacific

The Asia-Pacific steel plaited band market reduced to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Steel Plaited Band Production in Asia-Pacific

In value terms, steel plaited band production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Steel Plaited Band Exports

Exports in Asia-Pacific

In 2022, approx. X tons of iron or steel plaited bands and slings were exported in Asia-Pacific; with an increase of X% on the year before. In general, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel plaited band exports soared to $X in 2022. Over the period under review, exports, however, recorded a noticeable decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China was the key exporting country with an export of around X tons, which recorded X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Vietnam (X%). The following exporters - India (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, India (X%), Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. China (X p.p.), Indonesia (X p.p.), Vietnam (X p.p.), Taiwan (Chinese) (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest steel plaited band supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

In China, steel plaited band exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Steel Plaited Band Imports

Imports in Asia-Pacific

In 2022, purchases abroad of iron or steel plaited bands and slings increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, steel plaited band imports shrank significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

India represented the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Thailand (X tons), generating a X% share of total imports. The following importers - Australia (X tons), China (X tons), Japan (X tons), Lao People's Democratic Republic (X tons), South Korea (X tons), Malaysia (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), Indonesia (X tons) and Vietnam (X tons) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%), Taiwan (Chinese) (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%), Vietnam (X%), Australia (X%), the Philippines (X%), Singapore (X%), Malaysia (X%), China (X%), South Korea (X%) and Indonesia (X%) illustrated a downward trend over the same period. India (X p.p.), Thailand (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Australia, Singapore, the Philippines, Malaysia, South Korea, China and Indonesia saw its share reduced by X%, X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported iron or steel plaited bands and slings in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by China, with a X% share.

In India, steel plaited band imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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