Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $762 per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a mild reduction. The growth pace was the most rapid in 2018 an increase of 25%. As a result, import price reached the peak level of $896 per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($1,136 per ton), while the price for the United Arab Emirates stood at $1,125 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia (FOB) - 2022
In 2021, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,052 per ton, dropping by -6.4% against the previous year. Over the period under review, the export price recorded a mild shrinkage. The growth pace was the most rapid in 2016 an increase of 23% against the previous year. As a result, the export price attained the peak level of $1,436 per ton. From 2017 to 2021, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($1,254 per ton) and Kuwait ($1,087 per ton), while the average price for exports to Oman ($1,024 per ton) and Iraq ($1,042 per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+104.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia
Imports of iron or non-alloy steel wire, plated or coated with zincs into Saudi Arabia declined notably to 24K tons in 2022, waning by -17.5% against 2021. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs fell notably to $18M in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 54%.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 19.3 | 9.9 | 6.4 | -42.4% | |
| United Arab Emirates | 5.9 | 3.1 | 1.2 | -54.9% | |
| Turkey | 3.4 | 0.6 | N/A | -82.4% | |
| Others | 1.4 | 0.8 | 14.6 | 222.9% | |
| Total | 29.9 | 14.4 | 22.2 | -13.8% | |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Saudi Arabia in 2022:
- China (5.6K tons)
- United Arab Emirates (1.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia
Exports of iron or non-alloy steel wire, plated or coated with zincs from Saudi Arabia surged to 1.7K tons in 2022, jumping by 91% on the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $2.7M in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 7.6 | 90.3 | 193 | 403.9% | |
| Iraq | N/A | N/A | 126 | 0% | |
| Oman | N/A | N/A | 124 | 0% | |
| Kuwait | N/A | N/A | 66.9 | 0% | |
| Egypt | 159 | N/A | N/A | 0% | |
| Sudan | 97.5 | 50.4 | N/A | -48.3% | |
| Bahrain | N/A | 70.2 | N/A | 0% | |
| Others | 606 | 822 | 442 | -14.6% | |
| Total | 870 | 1,033 | 951 | 4.6% | |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Saudi Arabia in 2022:
- United Arab Emirates (153.7 tons)
- Iraq (121.2 tons)
- Oman (121.0 tons)
- Kuwait (61.5 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Saudi Arabia.
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This report provides an in-depth analysis of the market for iron and steel wire in Saudi Arabia.
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This report provides an in-depth analysis of the market for iron and steel wire in Saudi Arabia.
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This report provides an in-depth analysis of the market for iron and steel wire in Saudi Arabia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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