Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates - 2022

Contents:

1. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (FOB) - 2022
2. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (CIF) - 2022
3. Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates
4. Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (FOB) - 2022

The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $645 per ton in 2022, reducing by -11.4% against the previous year. Over the period under review, the export price saw a mild reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $776 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Jordan ($843 per ton), while the average price for exports to Myanmar ($485 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 the Netherlands (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (CIF) - 2022

The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $735 per ton in 2022, falling by -11.3% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by +45.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 64%. As a result, import price attained the peak level of $829 per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Benin ($1,106 per ton), while the price for China ($684 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates

After three years of growth, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -22.4% to 429K tons in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 81% against the previous year. As a result, the exports reached the peak of 553K tons, and then reduced notably in the following year.

In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses shrank dramatically to $277M in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 166%. As a result, the exports attained the peak of $402M, and then shrank significantly in the following year.

Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from the United Arab Emirates in 2022:

1. Israel (262.5K tons)
2. Netherlands (43.7K tons)
3. Kenya (19.2K tons)
4. Sri Lanka (15.8K tons)
5. Tanzania (13.7K tons)
6. Taiwan (Chinese) (9.1K tons)
7. Myanmar (9.0K tons)
8. Cote d'Ivoire (8.0K tons)
9. Oman (6.2K tons)
10. Thailand (3.6K tons)
11. Jordan (3.2K tons)
12. Singapore (0.3K tons)

Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates

After three years of growth, overseas purchases of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -29.6% to 14K tons in 2022. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 145% against the previous year. As a result, imports reached the peak of 20K tons, and then declined remarkably in the following year.

In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses contracted markedly to $10M in 2022. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 301%. As a result, imports attained the peak of $16M, and then shrank sharply in the following year.

Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to the United Arab Emirates in 2022:

1. India (6.6K tons)
2. China (4.6K tons)
3. Malaysia (2.4K tons)
4. Benin (0.2K tons)

Source: IndexBox Market Intelligence Platform