Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates - 2022
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates (CIF) - 2022
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates (FOB) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates
- Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $682 per ton, remaining stable against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy increased by +41.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $688 per ton, leveling off in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($829 per ton), while the price for India totaled $659 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for steel, alloy amounted to $1,156 per ton, rising by 92% against the previous year. Overall, the export price saw buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +8.6% per year.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates
Imports of steel, alloy into the United Arab Emirates stood at 238K tons in 2022, growing by 6.2% on 2021 figures. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 119% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of steel, alloy expanded significantly to $163M in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 212% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 134 | 0% |
| China | 42.8 | 48.4 | 146 | 26.8 | -14.4% |
| Others | 0.5 | 1.1 | 8.2 | 1.5 | 44.2% |
| Total | 43.3 | 49.5 | 154 | 163 | 55.6% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to the United Arab Emirates in 2022:
- India (203.9K tons)
- China (32.3K tons)
Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates
For the third year in a row, the United Arab Emirates recorded decline in shipments abroad of steel, alloy, which decreased by -66.8% to 729 tons in 2022. Overall, exports recorded a sharp curtailment. The smallest decline of -48.7% was in 2021.
In value terms, exports of steel, alloy declined markedly to $843K in 2022. Over the period under review, exports saw a sharp decline.
| Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | N/A | 0.3 | 0.1 | 0.8 | 63.3% |
| India | 1.6 | N/A | N/A | N/A | 0% |
| Indonesia | 3.3 | N/A | N/A | N/A | 0% |
| Iran | N/A | 2.2 | 1.2 | N/A | -45.5% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.0 | 2.5 | 1.3 | 0.8 | -45.7% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from the United Arab Emirates in 2022:
- Oman (723.2 tons)
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