Southern Asia: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Southern Asia

The South Asian market for ribbed or other deformed wire rod of non-alloy steel dropped modestly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, saw a slight decrease. 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.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Southern Asia

In value terms, deformed non-alloy steel wire rod production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in Southern Asia

In 2022, shipments abroad of ribbed or other deformed wire rod of non-alloy steel decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, deformed non-alloy steel wire rod exports shrank markedly to $X in 2022. In general, exports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

In 2022, Sri Lanka (X tons) represented the main exporter of ribbed or other deformed wire rod of non-alloy steel, creating X% of total exports. It was distantly followed by India (X tons), making up a X% share of total exports.

Sri Lanka was also the fastest-growing in terms of the ribbed or other deformed wire rod of non-alloy steel exports, with a CAGR of X% from 2012 to 2022. India (X%) illustrated a downward trend over the same period. Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sri Lanka ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022.

Sri Lanka, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in Southern Asia

After four years of decline, overseas purchases of ribbed or other deformed wire rod of non-alloy steel increased by X% to X tons in 2022. In general, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod imports soared to $X in 2022. Over the period under review, imports, however, showed a precipitous slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Afghanistan was the largest importing country with an import of about X tons, which recorded X% of total imports. Maldives (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%) and Bhutan (X%). Bangladesh (X tons) followed a long way behind the leaders.

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

In value terms, Afghanistan ($X), India ($X) and Maldives ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Bhutan and Bangladesh lagged somewhat behind, together accounting for a further X%.

Bhutan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted markedly in the following year.

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 India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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