Sri Lanka - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Stranded Wire Price in Sri Lanka - 2021
Contents:
- Steel Stranded Wire Price in Sri Lanka (CIF) - 2022
- Steel Stranded Wire Price in Sri Lanka (FOB) - 2022
- Steel Stranded Wire Imports in Sri Lanka
- Steel Stranded Wire Exports in Sri Lanka
Steel Stranded Wire Price in Sri Lanka (CIF) - 2022
In 2022, the average steel stranded wire import price amounted to $1,581 per ton, waning by -6.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 46% against the previous year. As a result, import price attained the peak level of $2,070 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($2,930 per ton), while the price for China ($1,317 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Stranded Wire Price in Sri Lanka (FOB) - 2022
In 2022, the average steel stranded wire export price amounted to $1,290 per ton, shrinking by -73.8% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 91%. As a result, the export price attained the peak level of $6,248 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($7,187 per ton), while the average price for exports to Malaysia ($210 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 Kenya (+62.3%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Stranded Wire Imports in Sri Lanka
In 2022, the amount of iron or steel stranded wire, ropes and cables imported into Sri Lanka surged to 6.9K tons, increasing by 16% against the previous year. Over the period under review, imports enjoyed a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, steel stranded wire imports rose sharply to $11M in 2022. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 118%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
Import of Steel Stranded Wire in Sri Lanka (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.0 | 1.8 | 5.7 | 6.9 | 11.3% |
India | 2.1 | 0.8 | 1.6 | 1.2 | -17.0% |
Vietnam | N/A | 0.1 | 0.6 | 1.0 | 216.2% |
Malaysia | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
Singapore | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
Hong Kong SAR | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
South Korea | 0.3 | 0.4 | 0.4 | 0.1 | -30.7% |
Others | 1.0 | 1.1 | 0.9 | 1.0 | 0.0% |
Total | 9.1 | 4.7 | 10.2 | 11.0 | 6.5% |
Top Suppliers of Steel Stranded Wire to Sri Lanka in 2022:
- China (5254.8 tons)
- India (738.1 tons)
- Vietnam (324.3 tons)
- Malaysia (169.4 tons)
- Singapore (137.6 tons)
- Hong Kong SAR (107.5 tons)
- South Korea (45.6 tons)
Steel Stranded Wire Exports in Sri Lanka
In 2022, overseas shipments of iron or steel stranded wire, ropes and cables were finally on the rise to reach 62 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, steel stranded wire exports soared to $80K in 2022. Overall, exports, however, continue to indicate a abrupt downturn.
Export of Steel Stranded Wire in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 2.9 | 11.0 | 12.1 | 60.6 | 175.4% |
Malaysia | N/A | N/A | N/A | 11.1 | 0% |
Maldives | 4.5 | N/A | 4.2 | 2.6 | -16.7% |
Kenya | N/A | 7.8 | N/A | N/A | 0% |
Chile | N/A | 16.3 | N/A | N/A | 0% |
Australia | 18.8 | N/A | N/A | N/A | 0% |
United Kingdom | N/A | N/A | 3.4 | N/A | 0% |
Nepal | N/A | 7.9 | N/A | N/A | 0% |
Italy | 31.9 | N/A | N/A | N/A | 0% |
Others | 48.2 | 20.8 | 0.6 | 5.7 | -50.9% |
Total | 106 | 63.7 | 20.3 | 79.9 | -9.0% |
Top Export Markets for Steel Stranded Wire from Sri Lanka in 2022:
- Malaysia (52.6 tons)
- India (8.4 tons)
- Maldives (0.5 tons)
This report provides an in-depth analysis of the steel stranded wire market 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 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:
- 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 steel stranded wire market in Sri Lanka.
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This report provides an in-depth analysis of the steel stranded wire market in Sri Lanka.
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This report provides an in-depth analysis of the global steel stranded wire market.
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...