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Southern Asia - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouthern Asia: Steel Stranded Wire Market 2024
Steel Stranded Wire Market Size in Southern Asia
In 2023, the South Asian steel stranded wire market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a notable 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, consumption increased by X% against 2021 indices. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.
Steel Stranded Wire Production in Southern Asia
In value terms, steel stranded wire production reduced modestly to $X in 2023 estimated in export price. The total production indicated a tangible expansion 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 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.
Steel Stranded Wire Exports
Exports in Southern Asia
In 2023, after two years of growth, there was significant decline in overseas shipments of iron or steel stranded wire, ropes and cables, when their volume decreased by X% to X tons. Total exports indicated a pronounced expansion from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then reduced in the following year.
In value terms, steel stranded wire exports fell to $X in 2023. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted in the following year.
Exports by Country
The shipments of the one major exporters of iron or steel stranded wire, ropes and cables, namely India, represented more than two-thirds of total export.
India was also the fastest-growing in terms of the iron or steel stranded wire, ropes and cables exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.
In value terms, India ($X) also remains the largest steel stranded wire supplier in Southern Asia.
In India, steel stranded wire exports increased at an average annual rate of X% over the period from 2012-2023.
Export Prices by Country
The export price in Southern Asia stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated tangible growth from 2012 to 2023: its price 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, steel stranded wire export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked in 2023 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.
Steel Stranded Wire Imports
Imports in Southern Asia
In 2023, overseas purchases of iron or steel stranded wire, ropes and cables increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2023 and is likely to see steady growth in the immediate term.
In value terms, steel stranded wire imports contracted to $X in 2023. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then contracted in the following year.
Imports by Country
India was the largest importer of iron or steel stranded wire, ropes and cables in Southern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Bangladesh (X tons) and Nepal (X tons), together achieving an X% share of total imports. Sri Lanka (X tons) held a relatively small share of total imports.
India was also the fastest-growing in terms of the iron or steel stranded wire, ropes and cables imports, with a CAGR of X% from 2012 to 2023. At the same time, Nepal (X%) and Bangladesh (X%) displayed positive paces of growth. Sri Lanka experienced a relatively flat trend pattern. India (X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and Sri Lanka saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($X) constitutes the largest market for imported iron or steel stranded wire, ropes and cables in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Nepal (X% per year).
Import Prices by Country
In 2023, the import price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in India ($X per ton) and Sri Lanka ($X per ton), while Bangladesh ($X per ton) and Nepal ($X per ton) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the steel stranded wire market in Southern Asia. 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Country coverage:
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Southern Asia, split by region and country
- Trade (exports and imports) in Southern Asia
- 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
-
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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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