Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates (FOB) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates (CIF) - 2022
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $3,042 per ton, growing by 21% against the previous year. Overall, the export price showed prominent growth. The pace of growth was the most pronounced in 2017 an increase of 66%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($7,923 per ton), while the average price for exports to Pakistan ($733 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 Qatar (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,155 per ton, picking up by 198% against the previous year. Over the period under review, the import price saw a mild 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 the UK ($12,389 per ton), while the price for Saudi Arabia ($732 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates
In 2022, exports of stainless steel bars and rods, angles, shapes and sectionses from the United Arab Emirates skyrocketed to 21K tons, jumping by 96% compared with the previous year. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses soared to $65M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.0 | 6.1 | 14.2 | 36.5 | 94.0% |
Saudi Arabia | 1.8 | 0.2 | 0.2 | 6.7 | 55.0% |
Sri Lanka | 0.4 | 0.6 | 0.1 | 4.5 | 124.1% |
Afghanistan | N/A | N/A | N/A | 3.9 | 0% |
Germany | 0.4 | 0.1 | 0.4 | 1.9 | 68.1% |
Oman | 2.8 | 2.3 | 2.0 | 1.7 | -15.3% |
Pakistan | 0.1 | 0.3 | 0.2 | 0.5 | 71.0% |
Somalia | N/A | N/A | N/A | 0.5 | 0% |
Gambia | 0.4 | 1.3 | 0.4 | N/A | 0.0% |
Iran | 5.1 | 3.5 | 2.3 | N/A | -32.8% |
Others | 3.2 | 3.4 | 7.6 | 8.7 | 39.6% |
Total | 19.1 | 17.8 | 27.4 | 64.8 | 50.3% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from the United Arab Emirates in 2022:
- Saudi Arabia (9.1K tons)
- United States (7.6K tons)
- Pakistan (0.7K tons)
- Somalia (0.6K tons)
- Sri Lanka (0.6K tons)
- Afghanistan (0.5K tons)
- Oman (0.4K tons)
- Germany (0.4K tons)
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates
After three years of growth, supplies from abroad of stainless steel bars and rods, angles, shapes and sectionses decreased by -67.5% to 11K tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 118% against the previous year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses declined modestly to $56M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 41% against the previous year.
Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in the United Arab Emirates (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 15.1 | 19.2 | 12.8 | 13.4 | -3.9% |
Italy | 4.5 | 5.1 | 4.1 | 13.0 | 42.4% |
China | 5.4 | 5.5 | 7.7 | 12.9 | 33.7% |
Germany | 2.1 | 1.7 | 1.1 | 4.0 | 24.0% |
United Kingdom | 3.3 | 1.7 | 1.6 | 2.3 | -11.3% |
Saudi Arabia | N/A | 12.1 | 25.0 | 0.1 | -90.9% |
Others | 5.5 | 5.3 | 5.1 | 9.9 | 21.6% |
Total | 35.9 | 50.6 | 57.3 | 55.6 | 15.7% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to the United Arab Emirates in 2022:
- China (4.0K tons)
- India (3.0K tons)
- Italy (1.7K tons)
- Germany (0.6K tons)
- Saudi Arabia (0.2K tons)
- United Kingdom (0.2K tons)
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