Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia - 2022

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia (FOB) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia (CIF) - 2022
3. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia
4. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia (FOB) - 2022

The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $1,523 per ton in 2021, picking up by 48% against the previous year. Overall, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2018 an increase of 78% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($2,871 per ton), while the average price for exports to the United Arab Emirates amounted to $1,447 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia (CIF) - 2022

The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $1,575 per ton in 2020, which is down by -35.1% against the previous year. In general, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 11%. The import price peaked at $2,996 per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Italy ($3,961 per ton), while the price for Egypt ($513 per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced a decline.

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia

For the third consecutive year, Saudi Arabia recorded decline in overseas shipments of stainless steel; flat-rolled products of width less than 600mms, which decreased by -8.8% to 72 tons in 2022. In general, exports faced a sharp setback.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms shrank to $108K in 2022. Over the period under review, exports continue to indicate a abrupt contraction.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Saudi Arabia in 2022:

1. United Arab Emirates (75.1 tons)
2. Bahrain (4.1 tons)

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Saudi Arabia

In 2020, imports of stainless steel; flat-rolled products of width less than 600mms into Saudi Arabia contracted rapidly to 2.3K tons, with a decrease of -48% against 2019. In general, imports showed a precipitous contraction.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms declined remarkably to $3.6M in 2020. Over the period under review, imports saw a precipitous decline.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Saudi Arabia in 2022:

1. Egypt (1426.0 tons)
2. Italy (306.0 tons)
3. Taiwan (Chinese) (304.0 tons)
4. China (177.0 tons)

Source: IndexBox Market Intelligence Platform