India: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in India

The Indian non-alloy steel i-sections market reduced modestly to $X in 2022, declining by X% against the previous year. In general, consumption saw a pronounced decrease. Non-alloy steel i-sections consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Alloy Steel I-Sections Production in India

In value terms, non-alloy steel i-sections production fell to $X in 2022 estimated in export price. Overall, production showed a noticeable decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Non-alloy steel i-sections production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Exports

Exports from India

In 2022, non-alloy steel i-sections exports from India skyrocketed to X tons, picking up by X% compared with the year before. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-alloy steel i-sections exports surged to $X in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for non-alloy steel i-sections exports from India, accounting for a X% share of total exports. Moreover, non-alloy steel i-sections exports to Canada exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Qatar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X.2% per year) and Qatar (X% per year).

In value terms, Canada ($X) remains the key foreign market for i-sections of non-alloy steel exports from India, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X.8% per year) and Qatar (X% per year).

Export Prices by Country

The average non-alloy steel i-sections export price stood at $X per ton in 2022, growing by X% against the previous year. In general, export price indicated pronounced 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, non-alloy steel i-sections export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Kenya ($X per ton), while the average price for exports to Bangladesh ($X per ton) and Nepal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into India

In 2022, supplies from abroad of i-sections of non-alloy steel was finally on the rise to reach X tons after two years of decline. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports skyrocketed to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of non-alloy steel i-sections to India, with a X% share of total imports. Moreover, non-alloy steel i-sections imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was taken by Bahrain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Bahrain (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of i-sections of non-alloy steel to India, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2022, the average non-alloy steel i-sections import price amounted to $X per ton, jumping 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 average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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