Southern Asia: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Southern Asia

The South Asian non-alloy steel i-sections market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a perceptible setback. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Production in Southern Asia

In value terms, non-alloy steel i-sections production shrank to $X in 2022 estimated in export price. Overall, production recorded 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 attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Non-Alloy Steel I-Sections Exports

Exports in Southern Asia

In 2022, exports of i-sections of non-alloy steel in Southern Asia surged to X tons, increasing by X% on the year before. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, non-alloy steel i-sections exports surged to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

The biggest shipments were from India (X tons), together amounting to X% of total export.

India was also the fastest-growing in terms of the i-sections of non-alloy steel exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest non-alloy steel i-sections supplier in Southern Asia.

In India, non-alloy steel i-sections exports increased 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, rising by X% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel i-sections export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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.

Non-Alloy Steel I-Sections Imports

Imports in Southern Asia

After three years of decline, supplies from abroad of i-sections of non-alloy steel increased by X% to X tons in 2022. Over the period under review, imports recorded a mild increase. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel i-sections imports skyrocketed to $X in 2022. Overall, imports, however, showed a noticeable decrease. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Afghanistan represented the largest importer of i-sections of non-alloy steel in Southern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Nepal (X tons) and India (X tons), together constituting a X% share of total imports. Sri Lanka (X tons), Bhutan (X tons) and Bangladesh (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-alloy steel i-sections imports into Afghanistan stood at X%. At the same time, Nepal (X%) and India (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Bhutan (X%), Sri Lanka (X%) and Bangladesh (X%) illustrated a downward trend over the same period. While the share of Nepal (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X) constitutes the largest market for imported i-sections of non-alloy steel in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by India, with a X% share.

In Afghanistan, non-alloy steel i-sections imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (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, shrinking by X% against the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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