Southern Asia: Winding Wire Market 2024

Winding Wire Market Size in Southern Asia

The South Asian winding wire market dropped to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Winding Wire Production in Southern Asia

In value terms, winding wire production totaled $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Winding Wire Exports

Exports in Southern Asia

In 2022, overseas shipments of winding wire for electrical purposes increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, showed a pronounced curtailment. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, winding wire exports skyrocketed to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

India dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the winding wire for electrical purposes exports, with a CAGR of X% from 2012 to 2022. Sri Lanka (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably 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 amounted to $X per ton.

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

Winding Wire Imports

Imports in Southern Asia

In 2022, supplies from abroad of winding wire for electrical purposes increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, winding wire imports reached $X in 2022. Overall, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the largest importer of winding wire for electrical purposes, mixing up X% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Afghanistan (X%), Bangladesh (X%) and Sri Lanka (X%).

Imports into India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) and Afghanistan (X%) illustrated a downward trend over the same period. Pakistan (X p.p.), Bangladesh (X p.p.), Sri Lanka (X p.p.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported winding wire for electrical purposes in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

In India, winding wire imports decreased by 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 Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price, however, posted buoyant growth. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then dropped slightly 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 mixed trends in the import price figures.

Source: IndexBox Platform