Global Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size

In 2022, the global concrete reinforcing bar market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Concrete Reinforcing Bar Production

In value terms, concrete reinforcing bar production fell to $X in 2022 estimated in export price. In general, production, however, posted a measured increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports

In 2022, shipments abroad of concrete reinforcing bars decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports showed a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, concrete reinforcing bar exports reduced to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Turkey represented the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Russia (X tons), China (X tons) and Italy (X tons), together creating an X% share of total exports. The following exporters - Vietnam (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Japan (X tons), Germany (X tons), Portugal (X tons), Poland (X tons), Oman (X tons) and Spain (X tons) - together made up X% of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Malaysia (X%), Vietnam (X%), China (X%), the United Arab Emirates (X%), Russia (X%) and Japan (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), Portugal (X%), Germany (X%), Poland (X%) and Spain (X%) illustrated a downward trend over the same period. China (X p.p.), Vietnam (X p.p.), Russia (X p.p.), Malaysia (X p.p.), Oman (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the global exports, while Poland, Spain and Turkey saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest concrete reinforcing bar supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Italy ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, 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, concrete reinforcing bar export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Concrete Reinforcing Bar Imports

Imports

In 2022, approx. X tons of concrete reinforcing bars were imported worldwide; reducing by X% against 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, concrete reinforcing bar imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated a mild 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The purchases of the four major importers of concrete reinforcing bars, namely Hong Kong SAR, the United States, Iraq and Germany, represented more than X% of total import. Canada (X tons), Romania (X tons), Yemen (X tons), South Korea (X tons), the UK (X tons), Belgium (X tons), Kazakhstan (X tons), China (X tons) and Singapore (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hong Kong SAR ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Iraq, Canada, Romania, Belgium, the UK, South Korea, Yemen, Singapore, Kazakhstan and China lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a modest expansion 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, concrete reinforcing bar import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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