South-Eastern Asia: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in South-Eastern Asia

The Southeast Asian market for ribbed or other deformed wire rod of non-alloy steel totaled $X in 2023, picking up by X% against the previous year. The total consumption indicated a measured 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, consumption increased by X% against 2016 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in South-Eastern Asia

In value terms, deformed non-alloy steel wire rod production reached $X in 2023 estimated in export price. The total production indicated a moderate increase from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in South-Eastern Asia

In 2023, shipments abroad of ribbed or other deformed wire rod of non-alloy steel decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod exports shrank remarkably to $X in 2023. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Singapore (X tons) represented the largest exporter of ribbed or other deformed wire rod of non-alloy steel, comprising X% of total exports. Vietnam (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons). All these countries together took near X% share of total exports.

Singapore was also the fastest-growing in terms of the ribbed or other deformed wire rod of non-alloy steel exports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. By contrast, Vietnam (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Singapore ($X) remains the largest deformed non-alloy steel wire rod supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

In Singapore, deformed non-alloy steel wire rod exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price saw a mild descent. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in South-Eastern Asia

In 2023, deformed non-alloy steel wire rod imports in South-Eastern Asia skyrocketed to X tons, increasing by X% on the previous year. Over the period under review, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2023. Overall, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Singapore (X tons) represented the largest importer of ribbed or other deformed wire rod of non-alloy steel, comprising X% of total imports. It was distantly followed by the Philippines (X tons), committing a X% share of total imports. Cambodia (X tons), Malaysia (X tons), Lao People's Democratic Republic (X tons) and Vietnam (X tons) took a minor share of total imports.

Imports into Singapore decreased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%), Lao People's Democratic Republic (X%), Malaysia (X%) and Cambodia (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Cambodia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Import price indicated a slight expansion from 2012 to 2023: its price 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, deformed non-alloy steel wire rod import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the Philippines ($X per ton) and Singapore ($X per ton), while Cambodia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform