Report Update Apr 1, 2024

Sri Lanka - Angles, Shapes and Sections (Of Iron or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Iron Angle Market 2024

Iron Angle Market Size in Sri Lanka

After two years of growth, the Sri Lankan iron angle market decreased by X% to $X in 2022. Overall, consumption recorded a abrupt decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Iron Angle Exports

Exports from Sri Lanka

In 2022, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by X% to X tons, falling for the fifth consecutive year after four years of growth. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron angle exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced expansion. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X tons) was the main destination for iron angle exports from Sri Lanka, with a X% share of total exports. Moreover, iron angle exports to Maldives exceeded the volume sent to the second major destination, South Korea (X tons), threefold. Seychelles (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Seychelles (X% per year).

In value terms, Maldives ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Seychelles ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average iron angle export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Sri Lanka

After two years of growth, overseas purchases of angles, shapes and sections (of iron or non-alloy steel) decreased by X% to X tons in 2022. Overall, imports faced a deep downturn. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, iron angle imports shrank notably to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Bahrain (X tons) were the main suppliers of iron angle imports to Sri Lanka, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), India ($X) and Turkey ($X) appeared to be the largest iron angle suppliers to Sri Lanka, together comprising X% of total imports. Bahrain, Singapore and Thailand lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average iron angle import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated tangible 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, iron angle import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for angles, shapes and sections (of iron or non-alloy steel) in the world?

The country with the largest volume of iron angle consumption was China, accounting for 58% of total volume. Moreover, iron angle consumption in China exceeded the figures recorded by the second-largest consumer, India, more than tenfold. Iran ranked third in terms of total consumption with a 3.7% share.

What are the largest producers of angles, shapes and sections (of iron or non-alloy steel) in the world?

China constituted the country with the largest volume of iron angle production, accounting for 58% of total volume. Moreover, iron angle production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Iran ranked third in terms of total production with a 3.8% share.

What are the leading suppliers of angles, shapes and sections (of iron or non-alloy steel) to Sri Lanka?

In value terms, the largest iron angle suppliers to Sri Lanka were China, India and Turkey, together accounting for 88% of total imports. Bahrain, Singapore and Thailand lagged somewhat behind, together comprising a further 7%.

What are the leading importers of angles, shapes and sections (of iron or non-alloy steel) from Sri Lanka?

In value terms, Maldives remains the key foreign market for angles, shapes and sections of iron or non-alloy steel) exports from Sri Lanka, comprising 59% of total exports. The second position in the ranking was held by Seychelles, with a 23% share of total exports. It was followed by South Korea, with a 17% share.

What is the average export price for angles, shapes and sections (of iron or non-alloy steel) in Sri Lanka?

In 2022, the average iron angle export price amounted to $2,694 per ton, picking up by 254% against the previous year.

What is the average import price for angles, shapes and sections (of iron or non-alloy steel) in Sri Lanka?

In 2022, the average iron angle import price amounted to $1,109 per ton, increasing by 35% against the previous year.

This report provides an in-depth analysis of the iron angle market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy steel

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023