Southern Asia: Expanded Metal Market 2024

Expanded Metal Market Size in Southern Asia

The South Asian expanded metal market expanded modestly to $X in 2022, growing by X% against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Expanded Metal Production in Southern Asia

In value terms, expanded metal production rose rapidly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports in Southern Asia

In 2022, the amount of iron or steel expanded metal exported in Southern Asia contracted markedly to X tons, declining by X% on the previous year's figure. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, expanded metal exports reduced remarkably to $X in 2022. In general, exports, however, showed a moderate increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X tons), generating a X% share of total exports. Afghanistan (X tons) took a relatively small share of total exports.

India was also the fastest-growing in terms of the iron or steel expanded metal exports, with a CAGR of X% from 2012 to 2022. Afghanistan (X%) and Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest expanded metal supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, expanded metal exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Afghanistan (X% per year).

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, saw a mild downturn. The most prominent rate of growth was recorded in 2014 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 India (X%), while the other leaders experienced a decline in the export price figures.

Expanded Metal Imports

Imports in Southern Asia

Expanded metal imports declined dramatically to X tons in 2022, reducing by X% against the previous year. Overall, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, expanded metal imports contracted notably to $X in 2022. In general, imports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Bangladesh represented the main importer of iron or steel expanded metal in Southern Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. India (X tons) ranks second in terms of the total imports with a X% share, followed by Nepal (X%) and Sri Lanka (X%). Afghanistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), India ($X) and Nepal ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

The import price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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