Southern Asia: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Southern Asia

The South Asian steel plaited band market reduced sharply to $X in 2022, declining by X% against the previous year. The total consumption indicated a noticeable 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Steel Plaited Band Production in Southern Asia

In value terms, steel plaited band production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Steel Plaited Band Exports

Exports in Southern Asia

Steel plaited band exports declined sharply to X tons in 2022, dropping by X% compared with the year before. Overall, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, steel plaited band exports declined remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined dramatically in the following year.

Exports by Country

India dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to steel plaited band exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Sri Lanka (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest steel plaited band supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, steel plaited band exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a mild increase 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, steel plaited band export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Steel Plaited Band Imports

Imports in Southern Asia

In 2022, supplies from abroad of iron or steel plaited bands and slings increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a noticeable increase from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, steel plaited band imports shrank sharply to $X in 2022. Overall, imports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

India dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. Pakistan (X tons) took a minor share of total imports.

India was also the fastest-growing in terms of the iron or steel plaited bands and slings imports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported iron or steel plaited bands and slings in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

In India, steel plaited band imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a noticeable decline. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Source: IndexBox Platform

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