Southern Asia: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Southern Asia

The South Asian concrete reinforcing wire rod market reached $X in 2021, picking up by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Wire Rod Used For Concrete Reinforcing in Southern Asia

In value terms, concrete reinforcing wire rod production shrank to $X in 2021 estimated in export price. Overall, production, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Production By Country in Southern Asia

India (X tons) constituted the country with the largest volume of concrete reinforcing wire rod production, comprising approx. X% of total volume.

In India, concrete reinforcing wire rod production increased at an average annual rate of +X% over the period from 2013-2021.

Exports of Wire Rod Used For Concrete Reinforcing

Exports in Southern Asia

In 2021, exports of wire rod used for concrete reinforcing in Southern Asia reduced to X tons, waning by -X% against 2020 figures. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, concrete reinforcing wire rod exports stood at $X in 2021. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) represented roughly X% of total exports in 2021.

India was also the fastest-growing in terms of the wire rod used for concrete reinforcing exports, with a CAGR of +X% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest concrete reinforcing wire rod supplier in Southern Asia.

In India, concrete reinforcing wire rod exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -X% per year.

Imports of Wire Rod Used For Concrete Reinforcing

Imports in Southern Asia

Concrete reinforcing wire rod imports fell to X tons in 2021, which is down by -X% against the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Nepal represented the major importer of wire rod used for concrete reinforcing in Southern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2021. Bangladesh (X tons) took the second position in the ranking, followed by Sri Lanka (X tons) and India (X tons). All these countries together took approx. X% share of total imports. The following importers - Pakistan (X tons) and Afghanistan (X tons) - each resulted at a X% share of total imports.

Nepal was also the fastest-growing in terms of the wire rod used for concrete reinforcing imports, with a CAGR of +X% from 2012 to 2021. At the same time, Bangladesh (+X%) displayed positive paces of growth. By contrast, Sri Lanka (-X%), Afghanistan (-X%), India (-X%) and Pakistan (-X%) illustrated a downward trend over the same period. While the share of Nepal (+X p.p.) and Bangladesh (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Afghanistan (-X p.p.), Sri Lanka (-X p.p.), Pakistan (-X p.p.) and India (-X p.p.) displayed negative dynamics.

In value terms, Nepal ($X) constitutes the largest market for imported wire rod used for concrete reinforcing in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Afghanistan, with an X% share.

In Nepal, concrete reinforcing wire rod imports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Afghanistan (+X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Afghanistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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