Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia (FOB) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia (CIF) - 2022
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $9,393 per ton in 2021, growing by 16% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 242% against the previous year. The export price peaked at $18,739 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($12,976 per ton), while the average price for exports to Ukraine ($107 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+188.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia (CIF) - 2022
In 2021, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $2,391 per ton, surging by 9.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 20%. As a result, import price reached the peak level of $2,591 per ton. From 2014 to 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($11,545 per ton), while the price for China ($1,194 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia
In 2022, shipments abroad of iron or steel; non-threaded cotters and cotter-pinses decreased by -95.1% to 915 kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 4,896%. As a result, the exports attained the peak of 33 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses shrank dramatically to $18K in 2022. In general, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,268%. As a result, the exports reached the peak of $271K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Bahrain | N/A | 62.4 | 41.8 | -33.0% |
| Oman | N/A | N/A | 20.4 | 0% |
| India | N/A | 5.7 | 8.2 | 43.9% |
| United Arab Emirates | N/A | 9.7 | 5.0 | -48.5% |
| Algeria | N/A | N/A | 2.0 | 0% |
| Ukraine | N/A | N/A | 0.5 | 0% |
| United States | N/A | N/A | 0.4 | 0% |
| Djibouti | N/A | 5.7 | N/A | 0% |
| Lebanon | 5.7 | N/A | N/A | 0% |
| Others | 5.7 | 187 | 97.6 | 313.8% |
| Total | 11.4 | 271 | 176 | 292.9% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Saudi Arabia in 2022:
- Oman (12.2 tons)
- Ukraine (5.0 tons)
- Bahrain (3.2 tons)
- India (0.9 tons)
- Algeria (0.7 tons)
- United States (0.5 tons)
- United Arab Emirates (0.5 tons)
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia
In 2021, approx. 4.8K tons of iron or steel; non-threaded cotters and cotter-pinses were imported into Saudi Arabia; waning by -34.1% compared with 2020. In general, imports continue to indicate a abrupt shrinkage. The smallest decline of -1% was in 2020.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses fell rapidly to $11M in 2021. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports reached the peak of $16M, and then fell dramatically in the following year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| China | 6.1 | 6.0 | 4.3 | -16.0% |
| Germany | 0.6 | 0.7 | 1.0 | 29.1% |
| Italy | 0.5 | 1.2 | 0.9 | 34.2% |
| India | 1.2 | 1.2 | 0.9 | -13.4% |
| Taiwan (Chinese) | 0.9 | 1.2 | 0.3 | -42.3% |
| Others | 4.6 | 5.4 | 4.0 | -6.7% |
| Total | 13.9 | 15.8 | 11.5 | -9.0% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Saudi Arabia in 2022:
- China (3585.7 tons)
- India (518.0 tons)
- Germany (193.5 tons)
- Taiwan (Chinese) (117.4 tons)
- Italy (82.1 tons)
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