Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $3,143 per ton, increasing by 148% against the previous year. Overall, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,297 per ton), while the price for Turkey ($1,223 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.1%), 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 the United Arab Emirates (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,215 per ton in 2022, rising by 15% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 23%. As a result, the export price reached the peak level of $1,436 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($1,619 per ton), while the average price for exports to India ($783 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 Oman (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates
Imports of iron or non-alloy steel wire, plated or coated with zincs into the United Arab Emirates fell to 44K tons in 2022, waning by -9.2% compared with the previous year. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 22%.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $137M in 2022. In general, imports, however, saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.9 | 36.1 | 41.5 | 112 | 30.1% |
| Oman | 3.2 | 4.8 | 9.6 | 17.0 | 74.5% |
| India | 4.3 | 2.8 | 6.3 | 5.6 | 9.2% |
| Turkey | 11.5 | 4.2 | 2.2 | 1.7 | -47.1% |
| Others | 2.6 | 1.4 | 1.3 | 0.6 | -38.7% |
| Total | 72.4 | 49.3 | 60.9 | 137 | 23.7% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to the United Arab Emirates in 2022:
- China (26.1K tons)
- Oman (10.8K tons)
- India (4.5K tons)
- Turkey (1.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United Arab Emirates
In 2022, approx. 30K tons of iron or non-alloy steel wire, plated or coated with zincs were exported from the United Arab Emirates; growing by 3,228% compared with the previous year. In general, exports recorded a significant increase. 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 soared to $37M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained 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 the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 0.1 | 0.5 | 10.9 | 377.7% |
| India | 0.1 | 0.1 | N/A | 8.1 | 332.7% |
| Oman | 0.4 | 0.4 | 0.1 | 6.5 | 153.3% |
| Kuwait | N/A | 0.1 | 0.1 | 3.2 | 465.7% |
| United Kingdom | N/A | N/A | N/A | 1.5 | 0% |
| Sri Lanka | 0.1 | N/A | 0.1 | 1.3 | 135.1% |
| Portugal | N/A | N/A | N/A | 1.1 | 0% |
| Jordan | N/A | 0.1 | N/A | 1.0 | 216.2% |
| Others | 0.3 | 0.3 | 0.1 | 3.0 | 115.4% |
| Total | 0.9 | 1.0 | 1.0 | 36.6 | 243.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from the United Arab Emirates in 2022:
- India (10.3K tons)
- United States (8.0K tons)
- Oman (4.0K tons)
- Kuwait (2.0K tons)
- Sri Lanka (1.0K tons)
- Portugal (0.9K tons)
- United Kingdom (0.9K tons)
- Jordan (0.6K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
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This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
493
This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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