Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Saudi Arabia - 2022

Contents:

1. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Saudi Arabia (FOB) - 2022
2. Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Saudi Arabia

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Saudi Arabia (FOB) - 2022

The average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $618 per ton in 2021, increasing by 2.6% against the previous year. In general, the export price, however, recorded a perceptible decrease. Over the period under review, the average export prices reached the maximum at $672 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,714 per ton), while the average price for exports to Bahrain amounted to $3,577 per ton.

From 2018 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+23.5%).

Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Saudi Arabia

Exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds from Saudi Arabia expanded slightly to 2.1K tons in 2022, picking up by 4% against the previous year's figure. The total export volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds rose modestly to $1.3M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, the exports attained the peak of $1.3M; afterwards, it flattened through to 2022.

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

1. United Arab Emirates (5.6 tons)
2. Bahrain (3.1 tons)

Source: IndexBox Market Intelligence Platform