Asia-Pacific: Barbed Wire Market 2024

Barbed Wire Market Size in Asia-Pacific

The Asia-Pacific barbed wire market soared to $X in 2023, surging by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Barbed Wire Production in Asia-Pacific

In value terms, barbed wire production reached $X in 2023 estimated in export price. The total production indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Barbed Wire Exports

Exports in Asia-Pacific

After four years of growth, overseas shipments of barbed wire and entanglements decreased by X% to X tons in 2023. In general, exports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, barbed wire exports declined remarkably to $X in 2023. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. The following exporters - Indonesia (X tons) and Thailand (X tons) - each recorded a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest barbed wire supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per ton in 2022, and then dropped sharply in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Barbed Wire Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of barbed wire and entanglements decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, barbed wire imports fell to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

The Philippines represented the largest importer of barbed wire and entanglements in Asia-Pacific, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by Thailand (X tons), Malaysia (X tons), South Korea (X tons), Lao People's Democratic Republic (X tons), India (X tons) and Myanmar (X tons), together mixing up a X% share of total imports. Australia (X tons), Singapore (X tons), Papua New Guinea (X tons), Indonesia (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to barbed wire imports into the Philippines stood at X%. At the same time, Lao People's Democratic Republic (X%), Myanmar (X%), Thailand (X%), India (X%), Malaysia (X%), Papua New Guinea (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%), Singapore (X%), Australia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Thailand (X p.p.), Lao People's Democratic Republic (X p.p.), Malaysia (X p.p.), Myanmar (X p.p.), India (X p.p.), South Korea (X p.p.) and Papua New Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Indonesia (X p.p.), Singapore (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported barbed wire and entanglements in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the Philippines totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform