Southern Asia: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Southern Asia

In 2022, the South Asian concrete reinforcing bar market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Concrete Reinforcing Bar Production in Southern Asia

In value terms, concrete reinforcing bar production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Concrete Reinforcing Bar Exports

Exports in Southern Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of concrete reinforcing bars, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, concrete reinforcing bar exports fell sharply to $X in 2022. In general, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell markedly in the following year.

Exports by Country

The shipments of the one major exporters of concrete reinforcing bars, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the concrete reinforcing bars exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest concrete reinforcing bar supplier in Southern Asia.

In India, concrete reinforcing bar exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Concrete Reinforcing Bar Imports

Imports in Southern Asia

In 2022, overseas purchases of concrete reinforcing bars were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed resilient growth. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, concrete reinforcing bar imports expanded significantly to $X in 2022. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan represented the largest importer of concrete reinforcing bars in Southern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Maldives (X tons) took the second position in the ranking, followed by India (X tons). All these countries together held near X% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

Imports into Afghanistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) and Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan and Maldives increased by X and X percentage points, respectively.

In value terms, Afghanistan ($X) constitutes the largest market for imported concrete reinforcing bars in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Afghanistan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and India (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price showed a perceptible descent. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :