India - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron and Steel Wire in India - 2023
Contents:
- Price for Iron and Steel Wire in India (FOB) - 2022
- Price for Iron and Steel Wire in India (CIF) - 2022
- Exports of Iron and Steel Wire in India
- Imports of Iron and Steel Wire in India
Price for Iron and Steel Wire in India (FOB) - 2022
In 2022, the average iron and steel wire export price amounted to $3,002 per ton, with an increase of 24% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 27%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($4,009 per ton), while the average price for exports to Nepal ($812 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron and Steel Wire in India (CIF) - 2022
In 2022, the average iron and steel wire import price amounted to $1,932 per ton, growing by 11% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron and steel wire import price increased by +45.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($4,252 per ton), while the price for the United Arab Emirates ($808 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron and Steel Wire in India
In 2022, exports of iron and steel wire from India contracted significantly to 195K tons, which is down by -19.4% against 2021. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. As a result, the exports reached the peak of 242K tons, and then contracted dramatically in the following year.
In value terms, iron and steel wire exports contracted modestly to $587M in 2022. Over the period under review, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 87%. As a result, the exports attained the peak of $588M, leveling off in the following year.
| Export of Iron and Steel Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 59.5 | 49.0 | 107 | 120 | 26.3% |
| Netherlands | 38.6 | 37.6 | 63.4 | 59.4 | 15.5% |
| Germany | 11.9 | 14.2 | 36.3 | 37.5 | 46.6% |
| Turkey | 18.1 | 22.4 | 31.5 | 29.3 | 17.4% |
| Italy | 12.0 | 13.9 | 29.0 | 29.1 | 34.3% |
| France | 17.6 | 17.1 | 33.3 | 29.1 | 18.2% |
| Russia | 21.7 | 18.7 | 26.3 | 28.7 | 9.8% |
| United Arab Emirates | 5.8 | 4.9 | 14.8 | 22.7 | 57.6% |
| United Kingdom | 10.9 | 7.8 | 18.7 | 17.6 | 17.3% |
| Brazil | 8.3 | 7.7 | 19.3 | 16.2 | 25.0% |
| Canada | 6.2 | 5.3 | 9.8 | 15.4 | 35.4% |
| Nepal | 8.7 | 8.3 | 12.8 | 10.5 | 6.5% |
| Sri Lanka | 4.6 | 8.2 | 13.2 | 6.8 | 13.9% |
| Others | 122 | 99.0 | 174 | 164 | 10.4% |
| Total | 346 | 314 | 588 | 587 | 19.3% |
Top Export Markets for Iron and Steel Wire from India in 2022:
- United States (30.4K tons)
- Netherlands (18.8K tons)
- Nepal (12.9K tons)
- United Arab Emirates (12.0K tons)
- Germany (9.5K tons)
- Turkey (8.8K tons)
- France (8.6K tons)
- Italy (7.4K tons)
- Russia (7.2K tons)
- Sri Lanka (5.8K tons)
- United Kingdom (5.6K tons)
- Canada (5.5K tons)
- Brazil (5.4K tons)
Imports of Iron and Steel Wire in India
In 2022, the amount of iron and steel wire imported into India contracted to 148K tons, shrinking by -10.2% compared with the previous year's figure. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year.
In value terms, iron and steel wire imports stood at $286M in 2022. In general, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Iron and Steel Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 90.0 | 63.1 | 108 | 104 | 4.9% |
| South Korea | 33.9 | 25.7 | 50.4 | 45.8 | 10.5% |
| Japan | 27.2 | 20.4 | 36.3 | 33.8 | 7.5% |
| Malaysia | 34.6 | 21.9 | 25.3 | 24.6 | -10.7% |
| Vietnam | 9.4 | 6.7 | 12.4 | 13.4 | 12.5% |
| United Arab Emirates | 0.9 | 1.6 | 1.7 | 8.5 | 111.4% |
| Thailand | 8.9 | 7.0 | 6.4 | 6.2 | -11.4% |
| France | 7.1 | 3.3 | 5.8 | 4.8 | -12.2% |
| Indonesia | 6.2 | 4.0 | 5.4 | 3.7 | -15.8% |
| Nepal | 14.8 | 4.6 | 1.1 | 2.1 | -47.8% |
| Others | 43.8 | 25.3 | 33.3 | 38.4 | -4.3% |
| Total | 277 | 184 | 286 | 286 | 1.1% |
Top Suppliers of Iron and Steel Wire to India in 2022:
- China (58.3K tons)
- South Korea (25.7K tons)
- Malaysia (15.8K tons)
- United Arab Emirates (10.6K tons)
- Vietnam (9.1K tons)
- Japan (8.0K tons)
- Thailand (3.6K tons)
- France (2.5K tons)
- Nepal (2.3K tons)
- Indonesia (1.8K tons)
This report provides an in-depth analysis of the market for iron and steel wire in India. 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 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
- 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
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This report provides an in-depth analysis of the market for iron and steel wire in India.
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This report provides an in-depth analysis of the market for iron and steel wire in India.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in India.
402
This report provides an in-depth analysis of the market for iron and steel wire in India.
509
This report provides an in-depth analysis of the global market for iron and steel wire.
1923
This report provides an in-depth analysis of the global market for iron and steel wire.
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Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
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Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
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In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1489
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
985
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1207
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
653
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
910
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3507
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
737
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
