Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates - 2022

Contents:

1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates (CIF) - 2022
2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates (FOB) - 2022
3. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates
4. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $1,362 per ton, growing by 12% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for granules and powders, of pig iron, spiegeleisen, iron or steels increased by +121.6% against 2017 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($6,000 per ton), while the price for Oman ($421 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates (FOB) - 2022

The average export price for granules and powders, of pig iron, spiegeleisen, iron or steels stood at $317 per ton in 2022, growing by 10% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $931 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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 Indonesia ($597 per ton), while the average price for exports to Malaysia ($69 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 Iran (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates

For the third year in a row, the United Arab Emirates recorded decline in overseas purchases of granules and powders, of pig iron, spiegeleisen, iron or steels, which decreased by -15.4% to 5.3K tons in 2022. In general, imports showed a drastic downturn. The smallest decline of -6.8% was in 2021.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels declined modestly to $7.3M in 2022. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 2.9% against the previous year.

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to the United Arab Emirates in 2022:

1. China (2539.1 tons)
2. Thailand (733.9 tons)
3. Turkey (547.8 tons)
4. South Korea (542.3 tons)
5. India (519.9 tons)
6. Oman (228.2 tons)
7. Brazil (100.0 tons)

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the United Arab Emirates

In 2022, shipments abroad of granules and powders, of pig iron, spiegeleisen, iron or steels decreased by -5% to 11K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 220% against the previous year. As a result, the exports reached the peak of 12K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels totaled $3.5M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from the United Arab Emirates in 2022:

1. Malaysia (5.2K tons)
2. Oman (3.0K tons)
3. Indonesia (2.7K tons)