Southern Asia: Forged Steel Bar Market 2020

Forged Steel Bar Market Size in Southern Asia

The revenue of the forged steel bar market in Southern Asia amounted to $X in 2017, rising by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when market value increased by X% against the previous year. Over the period under review, the forged steel bar market reached its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Forged Steel Bar Production in Southern Asia

In 2017, production of forged bars of steel and hot-rolled barsof non-alloy steel in Southern Asia amounted to X tons, growing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2009, when it surged by X% against the previous year. Over the period under review, the forged steel bar production attained its peak figure volume in 2017, and is likely to continue its growth in the immediate term.

Forged Steel Bar Exports in Southern Asia

The exports totaled X tons in 2017, increasing by X% against the previous year. The forged steel bar exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. The volume of exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, forged steel bar exports stood at $X in 2017. The forged steel bar exports continue to indicate a strong expansion. Over the period under review, the forged steel bar exports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Forged Steel Bar Exports by Country in Southern Asia

The countries with the highest levels of forged steel bar exports in 2017 were India (X tons), together reaching X% of total export.

India was also the fastest growing in terms of the forged bars of steel and hot-rolled barsof non-alloy steel exports, with a CAGR of +X% from 2007 to 2017. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest forged steel bar supplier in Southern Asia.

In India, forged steel bar exports expanded at an average annual rate of +X% over the period from 2007-2017.

Forged Steel Bar Export Prices by Country in Southern Asia

In 2017, the forged steel bar export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. The forged steel bar export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the export prices increased by X% y-o-y. Over the period under review, the export prices for forged bars of steel and hot-rolled barsof non-alloy steel reached its peak figure level of $X per ton in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (-X% per year).

Forged Steel Bar Imports in Southern Asia

The imports totaled X tons in 2017, coming down by -X% against the previous year. The forged steel bar imports continue to indicate a drastic contraction. The pace of growth appeared the most rapid in 2015, when imports increased by X% y-o-y. Over the period under review, the forged steel bar imports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, forged steel bar imports amounted to $X in 2017. The forged steel bar imports continue to indicate a moderate drop. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Forged Steel Bar Imports by Country in Southern Asia

India was the main importer of forged bars of steel and hot-rolled barsof non-alloy steel in Southern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2017. Pakistan (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Bangladesh (X%), Nepal (X%) and Sri Lanka (X%). Bhutan (X tons) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Nepal (+X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest growing importer in Southern Asia, with a CAGR of +X% from 2007-2017. Bhutan experienced a relatively flat trend pattern. By contrast, Bangladesh (-X%), Pakistan (-X%) and Sri Lanka (-X%) illustrated a downward trend over the same period. While the share of India (X%), Pakistan (X%), Sri Lanka (X%) and Bangladesh (X%) increased significantly in terms of the global imports from 2007-2017, the share of Nepal (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported forged bars of steel and hot-rolled barsof non-alloy steel in Southern Asia, making up X% of global imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of global imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in India totaled -X%. In the other countries, the average annual rates were as follows: Pakistan (-X% per year) and Bangladesh (-X% per year).

Forged Steel Bar Import Prices by Country in Southern Asia

The forged steel bar import price in Southern Asia stood at $X per ton in 2017, flattening at the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011, an increase of X% year-to-year. The level of import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was India ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform