Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates - 2022
Contents:
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates (CIF) - 2022
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates (FOB) - 2022
- Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates
- Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates (CIF) - 2022
The average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $4,160 per ton in 2022, surging by 96% against the previous year. Overall, the import price showed a perceptible increase. As a result, import price attained 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 ($12,730 per ton), while the price for Italy ($2,894 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 (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $1,613 per ton, which is down by -8.4% against the previous year. Overall, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 105%. The export price peaked at $4,448 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($1,916 per ton), while the average price for exports to Ghana ($61 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 Iran (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates
In 2022, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds into the United Arab Emirates surged to 7.7K tons, rising by 35% compared with 2021. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds surged to $32M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 6.8 | 9.3 | 25.2 | 54.7% |
| India | 0.9 | 2.0 | 0.7 | 2.6 | 42.4% |
| Italy | 0.3 | 0.9 | 0.5 | 2.1 | 91.3% |
| Taiwan (Chinese) | 1.7 | 0.5 | 0.7 | 0.5 | -33.5% |
| Malaysia | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Spain | 1.0 | 0.1 | N/A | 0.1 | -53.6% |
| Others | 1.7 | 1.3 | 0.9 | 1.5 | -4.1% |
| Total | 12.7 | 11.6 | 12.2 | 32.1 | 36.2% |
Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to the United Arab Emirates in 2022:
- China (5.9K tons)
- Italy (0.7K tons)
- India (0.7K tons)
- Taiwan (Chinese) (0.1K tons)
- Malaysia (0.1K tons)
Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates
Exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds from the United Arab Emirates soared to 1.5K tons in 2022, rising by 23% compared with 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 167% against the previous year. As a result, the exports attained the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds reached $2.5M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 67%. As a result, the exports attained the peak of $2.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 210 | 212 | 403 | 1,625 | 97.8% |
| Lithuania | N/A | 80.8 | 125 | 403 | 123.3% |
| Bahrain | 4.5 | 260 | 30.7 | 171 | 236.2% |
| India | 333 | 1,146 | 1,146 | 127 | -27.5% |
| Kuwait | 306 | 363 | 219 | 72.5 | -38.1% |
| Netherlands | 205 | 26.2 | 65.8 | 13.0 | -60.1% |
| Ghana | N/A | N/A | N/A | 2.9 | 0% |
| Saudi Arabia | 329 | 244 | 33.9 | N/A | -67.9% |
| Others | 252 | 400 | 162 | 43.8 | -44.2% |
| Total | 1,639 | 2,732 | 2,185 | 2,459 | 14.5% |
Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from the United Arab Emirates in 2022:
- Oman (848.1 tons)
- Lithuania (296.1 tons)
- India (143.5 tons)
- Bahrain (105.5 tons)
- Ghana (48.5 tons)
- Kuwait (37.9 tons)
- Netherlands (13.3 tons)
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