South-Eastern Asia: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in South-Eastern Asia

The Southeast Asian concrete reinforcing wire rod market soared to $X in 2021, jumping by X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Wire Rod Used For Concrete Reinforcing in South-Eastern Asia

In value terms, concrete reinforcing wire rod production reduced notably to $X in 2021 estimated in export price. In general, production, however, showed a dramatic decrease. The level of production peaked at $X in 2020, and then contracted notably in the following year.

Production By Country in South-Eastern Asia

The countries with the highest volumes of in 2021 were Vietnam (X tons), Indonesia (X tons) and Malaysia (X tons).

From 2020 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Vietnam (with a CAGR of +X%), while production for the other leaders experienced mixed trends in the production figures.

Exports of Wire Rod Used For Concrete Reinforcing

Exports in South-Eastern Asia

In 2021, exports of wire rod used for concrete reinforcing in South-Eastern Asia expanded remarkably to X tons, with an increase of X% compared with the year before. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, concrete reinforcing wire rod exports skyrocketed to $X in 2021. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), Malaysia (X tons) and Indonesia (X tons) represented roughly X% of total exports in 2021. Singapore (X tons) and Thailand (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest concrete reinforcing wire rod supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

In Vietnam, concrete reinforcing wire rod exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced a decline in the export price figures.

Imports of Wire Rod Used For Concrete Reinforcing

Imports in South-Eastern Asia

In 2021, the amount of wire rod used for concrete reinforcing imported in South-Eastern Asia surged to X tons, jumping by X% compared with the previous year's figure. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, concrete reinforcing wire rod imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), the Philippines (X tons) and Malaysia (X tons) was the main importer of wire rod used for concrete reinforcing in South-Eastern Asia, achieving X% of total import. Myanmar (X tons) ranks next in terms of the total imports with an X% share, followed by Singapore (X%), Vietnam (X%) and Indonesia (X%).

From 2012 to 2021, the biggest increases were in Myanmar (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing wire rod importing markets in South-Eastern Asia were Thailand ($X), the Philippines ($X) and Malaysia ($X), with a combined X% share of total imports. These countries were followed by Indonesia, Myanmar, Vietnam and Singapore, which together accounted for a further X, with a CAGR of +X%, saw 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+X%), while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform

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