Southern Asia: Overview of the Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2021

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Southern Asia

In 2019, the South Asian market for hot-rolled wire rod in coil of stainless steel increased by X% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption posted a remarkable increase. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. The level of consumption peaked in 2019 and is expected to retain growth in the immediate term.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Southern Asia

In value terms, hot-rolled wire stainless steel rod production rose slightly to $X in 2019 estimated in export prices. Over the period under review, production showed a slight reduction. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Production By Country in Southern Asia

India (X tonnes) remains the largest hot-rolled wire stainless steel rod producing country in Southern Asia, comprising approx. X% of total volume.

In India, hot-rolled wire stainless steel rod production expanded at an average annual rate of +X% over the period from 2007-2019.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Southern Asia

In 2019, shipments abroad of hot-rolled wire rod in coil of stainless steel decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, exports recorded a mild reduction. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports reduced to $X in 2019. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, India (X tonnes) represented the key exporter of hot-rolled wire rod in coil of stainless steel in Southern Asia, comprising X% of total export.

India was also the fastest-growing in terms of the hot-rolled wire rod in coil of stainless steel exports, with a CAGR of -X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest hot-rolled wire stainless steel rod supplier in Southern Asia.

From 2007 to 2019, the average annual growth rate of value in India stood at -X%.

Export Prices by Country

In 2019, the export price for hot-rolled wire rod in coil of stainless steel in Southern Asia amounted to $X per tonne, approximately equating the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2010 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2019, 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 2007 to 2019, the rate of growth in terms of prices for India amounted to -X% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Southern Asia

After three years of growth, purchases abroad of hot-rolled wire rod in coil of stainless steel decreased by -X% to X tonnes in 2019. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. The volume of import peaked at X tonnes in 2018, and then contracted in the following year.

In value terms, hot-rolled wire stainless steel rod imports contracted to $X in 2019. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2018, and then shrank in the following year.

Imports by Country

India prevails in hot-rolled wire stainless steel rod imports structure, accounting for X tonnes, which was near X% of total imports in 2019. Pakistan (X tonnes) held a relatively small share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2019. At the same time, Pakistan (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of India and Pakistan increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports.

In India, hot-rolled wire stainless steel rod imports increased at an average annual rate of +X% over the period from 2007-2019.

Import Prices by Country

The import price for hot-rolled wire rod in coil of stainless steel in Southern Asia stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per tonne), while Pakistan totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled wire rod in coil of stainless steel in Southern Asia?

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India (44K tonnes) remains the largest hot-rolled wire stainless steel rod consuming country in Southern Asia, comprising approx. 98% of total volume. It was followed by Pakistan (935 tonnes), with a 2.1% share of total consumption.

What are the largest producers of hot-rolled wire rod in coil of stainless steel in Southern Asia?

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India (45K tonnes) remains the largest hot-rolled wire stainless steel rod producing country in Southern Asia, comprising approx. 100% of total volume.

What are the leading exporters of hot-rolled wire rod in coil of stainless steel in Southern Asia?

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In value terms, India ($72M) remains the largest hot-rolled wire stainless steel rod supplier in Southern Asia.

What are the leading importers of hot-rolled wire rod in coil of stainless steel in Southern Asia?

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In value terms, India ($68M) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Southern Asia, comprising 99% of total imports. The second position in the ranking was occupied by Pakistan ($589K), with a 0.9% share of total imports.

What is the average export price for hot-rolled wire rod in coil of stainless steel in Southern Asia?

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The export price for hot-rolled wire rod in coil of stainless steel in Southern Asia stood at $2,198 per tonne in 2019, therefore, remained relatively stable against the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in Southern Asia?

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The import price for hot-rolled wire rod in coil of stainless steel in Southern Asia stood at $2,153 per tonne in 2019, shrinking by -12.4% against the previous year.