Southern Asia: Hot-Rolled Wire Rod Market 2020

Hot-Rolled Wire Rod Market Size in Southern Asia

The revenue of the hot-rolled wire rod market in Southern Asia amounted to $X in 2017, coming up by X% against the previous year. The hot-rolled wire rod consumption continues to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2017, with an increase of X% against the previous year. Over the period under review, the hot-rolled wire rod market reached its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Hot-Rolled Wire Rod Production in Southern Asia

India (X tons) remains the largest hot-rolled wire rod producing country in Southern Asia, accounting for X% of total production.

Hot-Rolled Wire Rod Exports in Southern Asia

In 2017, the amount of hot-rolled wire rod exported in Southern Asia totaled X tons, declining by -X% against the previous year. The hot-rolled wire rod exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. In that year, the hot-rolled wire rod exports reached their peak volume of X tons, and then declined slightly in the following year.

In value terms, hot-rolled wire rod exports stood at $X in 2017. The hot-rolled wire rod exports continue to indicate a relatively flat trend pattern. Over the period under review, the hot-rolled wire rod exports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Hot-Rolled Wire Rod Exports by Country in Southern Asia

The countries with the highest levels of hot-rolled wire rod exports in 2017 were India (X tons), together reaching X% of total export.

India was also the fastest growing in terms of the hot-rolled wire rod exports, with a CAGR of +X% from 2007 to 2017. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual rate of growth in terms of value in India was relatively modest.

Hot-Rolled Wire Rod Export Prices by Country in Southern Asia

The hot-rolled wire rod export price in Southern Asia stood at $X per ton in 2017, jumping by X% against the previous year. The hot-rolled wire rod export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. The level of export price peaked of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (-X% per year).

Hot-Rolled Wire Rod Imports in Southern Asia

In 2017, approx. X tons of hot-rolled wire rod were imported in Southern Asia; growing by X% against the previous year. The hot-rolled wire rod imports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2015, with an increase of X% y-o-y. The volume of imports peaked of X tons in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, hot-rolled wire rod imports amounted to $X in 2017. The hot-rolled wire rod imports continue to indicate a mild decrease. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Hot-Rolled Wire Rod Imports by Country in Southern Asia

In 2017, Nepal (X tons) was the major importer for hot-rolled wire rod, achieving X% of total imports. India (X tons) held the second position in the ranking, followed by Pakistan (X tons), Sri Lanka (X tons), Maldives (X tons) and Bangladesh (X tons). All these countries together occupied near X% share of total imports.

Nepal was also the fastest growing in terms of the hot-rolled wire rod imports, with a CAGR of +X% from 2007 to 2017. At the same time, Bangladesh (+X%) and Maldives (+X%) displayed positive paces of growth. By contrast, Sri Lanka (-X%), Pakistan (-X%) and India (-X%) illustrated a downward trend over the same period. India (X%), Pakistan (X%) and Sri Lanka (X%) significantly strengthened its position in terms of the global imports, while Maldives, Bangladesh and Nepal saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, Nepal ($X), India ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2017, together comprising X% of total imports. Sri Lanka, Maldives and Bangladesh lagged somewhat behind, together comprising a further X%.

Among the main importing countries , Bangladesh (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Hot-Rolled Wire Rod Import Prices by Country in Southern Asia

The hot-rolled wire rod import price in Southern Asia stood at $X per ton in 2017, surging by X% against the previous year. The hot-rolled wire rod import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when it surged by X% against the previous year. In that year, the import prices for hot-rolled wire rod attained their peak level of $X per ton. From 2012 to 2017, growth of the import prices for hot-rolled wire rod failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform