Sri Lanka - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Sri Lanka - 2021
Contents:
- Price for Iron or Steel Wire Product in Sri Lanka (CIF) - 2022
- Price for Iron or Steel Wire Product in Sri Lanka (FOB) - 2022
- Imports of Iron or Steel Wire Product in Sri Lanka
- Exports of Iron or Steel Wire Product in Sri Lanka
Price for Iron or Steel Wire Product in Sri Lanka (CIF) - 2022
In 2021, the average import price for iron or steel wire products amounted to $1,521 per ton, increasing by 52% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 99% against the previous year. The import price peaked at $4,078 per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($5,262 per ton), while the price for Thailand ($1,469 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Wire Product in Sri Lanka (FOB) - 2022
In 2021, the average export price for iron or steel wire products amounted to $3,356 per ton, falling by -9.3% against the previous year. In general, the export price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2019 an increase of 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,134 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($3,420 per ton), while the average price for exports to the UK totaled $2,638 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Wire Product in Sri Lanka
In 2022, approx. 8.7K tons of iron or steel wire products were imported into Sri Lanka; picking up by 6.4% compared with 2021. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 19% against the previous year. As a result, imports attained the peak of 9.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, iron or steel wire product imports contracted to $11M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $13M, and then dropped in the following year.
Import of Iron or Steel Wire Product in Sri Lanka (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 6.9 | 8.0 | 11.2 | 27.4% | |
Thailand | 0.2 | 0.1 | 0.5 | 58.1% | |
India | 0.3 | 0.3 | 0.3 | 0.0% | |
Others | 0.7 | 0.9 | 0.4 | -24.4% | |
Total | 8.0 | 9.2 | 12.5 | 25.0% |
Top Suppliers of Iron or Steel Wire Product to Sri Lanka in 2022:
- China (7.4K tons)
- Thailand (0.4K tons)
- India (0.2K tons)
Exports of Iron or Steel Wire Product in Sri Lanka
After two years of decline, overseas shipments of iron or steel wire products increased by 26% to 129 tons in 2022. Overall, exports, however, continue to indicate a deep setback.
In value terms, iron or steel wire product exports skyrocketed to $461K in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback.
Export of Iron or Steel Wire Product in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
India | 258 | 207 | 324 | 12.1% | |
United Kingdom | 36.8 | 141 | 17.8 | -30.5% | |
Germany | 22.0 | 30.2 | N/A | 37.3% | |
Serbia | 155 | 122 | N/A | -21.3% | |
United States | 386 | 39.3 | N/A | -89.8% | |
Others | 40.1 | 38.5 | 2.7 | -74.1% | |
Total | 899 | 577 | 345 | -38.1% |
Top Export Markets for Iron or Steel Wire Product from Sri Lanka in 2022:
- India (94.8 tons)
- United Kingdom (6.7 tons)
This report provides an in-depth analysis of the market for iron or steel wire product in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for iron or steel wire product in Sri Lanka.
This report provides an in-depth analysis of the market for steel and iron articles in Sri Lanka.
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This report provides an in-depth analysis of the market for iron or steel wire product in Sri Lanka.
Explore the top import markets for steel and iron articles in the world. Learn about the key countries driving the global trade of these essential materials.
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