Global Steel Plaited Band Market 2024

Steel Plaited Band Market Size

In 2022, the global steel plaited band market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Steel Plaited Band Production

In value terms, steel plaited band production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Global production peaked in 2022 and is likely to see steady growth in the near future.

Steel Plaited Band Exports

Exports

In 2022, shipments abroad of iron or steel plaited bands and slings increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steel plaited band exports surged to $X in 2022. In general, exports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the global exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) represented the main exporter of iron or steel plaited bands and slings, achieving X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and the United States (X%). Vietnam (X tons), India (X tons), the UK (X tons), Taiwan (Chinese) (X tons), Poland (X tons), Turkey (X tons), the United Arab Emirates (X tons), the Netherlands (X tons) and Spain (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to steel plaited band exports from China stood at X%. At the same time, Taiwan (Chinese) (X%), Poland (X%), Spain (X%), the United Arab Emirates (X%), Vietnam (X%), Turkey (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The UK and the United States experienced a relatively flat trend pattern. By contrast, India (X%), the Netherlands (X%) and Thailand (X%) illustrated a downward trend over the same period. China (X p.p.), Indonesia (X p.p.), the United States (X p.p.), Vietnam (X p.p.), Taiwan (Chinese) (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the global exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest steel plaited band supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Thailand ($X), with a X% share of global exports. It was followed by Indonesia, with an X% share.

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

Export Prices by Country

In 2022, the average steel plaited band export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Steel Plaited Band Imports

Imports

In 2022, overseas purchases of iron or steel plaited bands and slings increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, steel plaited band imports reduced to $X in 2022. Overall, imports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India was the major importing country with an import of about X tons, which reached X% of total imports. Thailand (X tons) held the second position in the ranking, followed by the United States (X tons). All these countries together took near X% share of total imports. Saudi Arabia (X tons), the UK (X tons), Norway (X tons), the Netherlands (X tons), Germany (X tons), Canada (X tons), Australia (X tons), China (X tons), Japan (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to steel plaited band imports into India stood at X%. At the same time, the United Arab Emirates (X%), Thailand (X%), the UK (X%) and the United States (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Canada (X%), Japan (X%), Germany (X%), Australia (X%), Norway (X%), Saudi Arabia (X%), China (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Thailand (X p.p.), the United States (X p.p.) and the UK (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of China (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported iron or steel plaited bands and slings worldwide, comprising X% of global imports. The second position in the ranking was held by the United States ($X), with a X% share of global imports. It was followed by Thailand, with a X% share.

In India, steel plaited band imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average steel plaited band import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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