India - Iron Or Steel Plaited Bands And Slings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Plaited Band Price in India - 2023
Contents:
- Steel Plaited Band Price in India (CIF) - 2023
- Steel Plaited Band Price in India (FOB) - 2022
- Steel Plaited Band Imports in India
- Steel Plaited Band Exports in India
Steel Plaited Band Price in India (CIF) - 2023
The average steel plaited band import price stood at $1,880 per ton in June 2023, with an increase of 2.2% against the previous month. Over the period under review, the import price, however, recorded a slight downturn. The growth pace was the most rapid in January 2023 when the average import price increased by 7.8% against the previous month. Over the period under review, average import prices reached the peak figure at $2,278 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Vietnam ($2,231 per ton) and Malaysia ($2,010 per ton), while the price for China ($1,732 per ton) and Thailand ($1,823 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-1.4%), while the prices for the other major suppliers experienced a decline.
Steel Plaited Band Price in India (FOB) - 2022
The average steel plaited band export price stood at $3,538 per ton in 2022, growing by 29% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +72.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 33%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($11,724 per ton), while the average price for exports to Nepal ($950 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 Norway (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Plaited Band Imports in India
In 2022, approx. 45K tons of iron or steel plaited bands and slings were imported into India; falling by -2.6% on 2021. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.1% 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 +47.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of 46K tons, and then fell modestly in the following year.
In value terms, steel plaited band imports fell notably to $99M in 2022. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 209%. As a result, imports reached the peak of $183M, and then shrank dramatically in the following year.
Import of Steel Plaited Band in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 47.8 | 33.8 | 54.9 | 41.8 | -4.4% |
Thailand | 4.2 | 9.1 | 14.7 | 30.8 | 94.3% |
Vietnam | 5.3 | 5.5 | 8.6 | 11.7 | 30.2% |
Malaysia | 9.3 | 3.4 | 6.3 | 10.9 | 5.4% |
Others | 7.0 | 7.6 | 98.8 | 3.4 | -21.4% |
Total | 73.6 | 59.4 | 183 | 98.5 | 10.2% |
Top Suppliers of Steel Plaited Band to India in 2022:
- China (20.1K tons)
- Thailand (14.2K tons)
- Vietnam (5.0K tons)
- Malaysia (4.7K tons)
Steel Plaited Band Exports in India
In 2022, the amount of iron or steel plaited bands and slings exported from India dropped notably to 2.9K tons, which is down by -40.8% compared with 2021. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 85% against the previous year. As a result, the exports reached the peak of 4.9K tons, and then declined remarkably in the following year.
In value terms, steel plaited band exports contracted rapidly to $10M in 2022. Over the period under review, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2021 when exports increased by 147% against the previous year. As a result, the exports attained the peak of $13M, and then contracted sharply in the following year.
Export of Steel Plaited Band in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 408 | 137 | 861 | 2,241 | 76.4% |
Saudi Arabia | 38.2 | 28.4 | 343 | 1,176 | 213.4% |
Canada | 165 | 2.5 | 5.9 | 875 | 74.4% |
United Arab Emirates | 469 | 203 | 278 | 862 | 22.5% |
Norway | N/A | N/A | N/A | 850 | 0% |
Australia | 759 | 895 | 1,564 | 616 | -6.7% |
Nepal | 675 | 438 | 469 | 300 | -23.7% |
Sri Lanka | 147 | 215 | 85.9 | 298 | 26.6% |
Senegal | 312 | 107 | 322 | 250 | -7.1% |
Bahrain | 11.2 | N/A | 3.4 | 210 | 165.7% |
Singapore | 865 | 55.7 | 1,164 | 210 | -37.6% |
Estonia | N/A | N/A | N/A | 192 | 0% |
Malaysia | 111 | 1,194 | 1,586 | 131 | 5.7% |
Others | 5,350 | 2,136 | 6,669 | 2,005 | -27.9% |
Total | 9,312 | 5,412 | 13,351 | 10,215 | 3.1% |
Top Export Markets for Steel Plaited Band from India in 2022:
- United Arab Emirates (327.1 tons)
- Australia (318.3 tons)
- Nepal (315.7 tons)
- Canada (282.7 tons)
- United States (257.6 tons)
- Saudi Arabia (169.6 tons)
- Sri Lanka (130.4 tons)
- Malaysia (118.5 tons)
- Singapore (105.5 tons)
- Senegal (100.4 tons)
- Estonia (90.0 tons)
- Bahrain (85.0 tons)
- Norway (72.5 tons)
This report provides an in-depth analysis of the steel plaited band market 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 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
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
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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 steel plaited band market in India.
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This report provides an in-depth analysis of the global steel plaited band market.
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This report provides an in-depth analysis of the steel plaited band market in India.
This report provides an in-depth analysis of the stranded wire market in India.
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This report provides an in-depth analysis of the global steel plaited band market.
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