Price for Iron and Non-Alloy Steel in Ingot in the United Arab Emirates - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in the United Arab Emirates (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in the United Arab Emirates
Price for Iron and Non-Alloy Steel in Ingot in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $441 per ton, approximately equating the previous year. In general, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 11%. The import price peaked at $732 per ton in 2012; however, from 2013 to 2022, 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 Qatar ($3,894 per ton), while the price for Iran ($426 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in the United Arab Emirates
Imports of iron and non-alloy steel in ingots into the United Arab Emirates contracted notably to 7.7K tons in 2022, waning by -43.8% compared with the previous year. In general, imports saw a precipitous setback. The smallest decline of -23.7% was in 2021.
In value terms, imports of iron and non-alloy steel in ingots reduced dramatically to $3.4M in 2022. Overall, imports saw a sharp shrinkage. The smallest decline of -23.5% was in 2021.
Import of Iron and Non-Alloy Steel in Ingot in the United Arab Emirates (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | N/A | N/A | 1.5 | 0% |
Iran | 6.7 | 7.8 | 5.9 | 0.1 | -75.4% |
Mexico | N/A | N/A | N/A | 0.1 | 0% |
Oman | 0.2 | N/A | N/A | N/A | 0% |
Bahrain | 3.3 | N/A | 0.1 | N/A | -82.6% |
Others | 0.1 | N/A | N/A | 1.7 | 157.1% |
Total | 10.3 | 7.9 | 6.0 | 3.4 | -30.9% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to the United Arab Emirates in 2022:
- China (1.3K tons)
- Iran (0.1K tons)
- Oman (0.1K tons)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the United Arab Emirates.
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This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the United Arab Emirates.
This report provides an in-depth analysis of the non-alloy steel ingot market in the United Arab Emirates.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
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