India: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in India

The Indian market for ribbed or other deformed wire rod of non-alloy steel contracted slightly to $X in 2022, falling by X% against the previous year. In general, consumption, however, showed a slight curtailment. Deformed non-alloy steel wire rod consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in India

In value terms, deformed non-alloy steel wire rod production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Deformed non-alloy steel wire rod production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from India

After two years of growth, overseas shipments of ribbed or other deformed wire rod of non-alloy steel decreased by X% to X tons in 2022. In general, exports saw a perceptible slump. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, deformed non-alloy steel wire rod exports plummeted to $X in 2022. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Argentina (X tons), Malaysia (X tons) and Belgium (X tons) were the main destinations of deformed non-alloy steel wire rod exports from India, with a combined X% share of total exports. Nepal, Tanzania, Sri Lanka, Maldives, Bhutan and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for deformed non-alloy steel wire rod exported from India were Argentina ($X), Malaysia ($X) and Belgium ($X), together accounting for X% of total exports. Tanzania, Nepal, Sri Lanka, Maldives, Bhutan and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Sri Lanka, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Nepal ($X 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 Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into India

In 2022, purchases abroad of ribbed or other deformed wire rod of non-alloy steel increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod imports surged to $X in 2022. Overall, imports, however, saw a significant decline. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Mauritius (X tons), South Korea (X tons) and Japan (X kg) were the main suppliers of deformed non-alloy steel wire rod imports to India, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest deformed non-alloy steel wire rod suppliers to India were South Korea ($X), Mauritius ($X) and Japan ($X), with a combined X% share of total imports.

Mauritius, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, rising by X% against the previous year. Overall, the import price recorded a resilient expansion. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 South Korea ($X per ton), while the price for Mauritius ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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