Price for Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates
- Exports of Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates
Price for Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $1,175 per ton, increasing by 34% against the previous year. In general, the import price, however, showed a deep contraction. The growth pace was the most rapid in 2018 an increase of 176% against the previous year. The import price peaked at $10,507 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 United States ($4,727 per ton), while the price for Oman ($606 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+107.3%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $165,452 per ton in 2022, growing by 29,591% against the previous year. Over the period under review, the export price enjoyed a significant expansion. 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 Nigeria amounted to +19.5% per year.
Imports of Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates
In 2022, supplies from abroad of steel, alloy; ingots and other primary formses decreased by -11.2% to 3.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 536% against the previous year.
In value terms, imports of steel, alloy; ingots and other primary formses soared to $3.7M in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 320%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 0.5 | N/A | 2,435 | 6878.5% |
| United States | 19.4 | 5.4 | 0.6 | 1,175 | 292.7% |
| Oman | N/A | N/A | N/A | 91.9 | 0% |
| Iran | 498 | 2,572 | 3,086 | N/A | 148.9% |
| Others | 102 | 26.1 | 20.3 | 6.1 | -60.9% |
| Total | 619 | 2,604 | 3,107 | 3,708 | 81.6% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to the United Arab Emirates in 2022:
- Turkey (2754.9 tons)
- United States (248.7 tons)
- Oman (151.7 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates
In 2022, shipments abroad of steel, alloy; ingots and other primary formses decreased by -99.7% to 290 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 92%. As a result, the exports reached the peak of 912 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel, alloy; ingots and other primary formses shrank modestly to $48K in 2022. In general, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 82% against the previous year. As a result, the exports reached the peak of $525K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Alloy; Ingots and Other Primary Forms in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 0.2 | 1.6 | 0.4 | 0.4 | 26.0% |
| Iran | N/A | 128 | N/A | N/A | 0% |
| Seychelles | 279 | 389 | 48.3 | N/A | -58.4% |
| Others | 9.4 | 6.9 | 0.5 | 47.6 | 71.7% |
| Total | 289 | 525 | 49.3 | 48.0 | -45.0% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from the United Arab Emirates in 2022:
- Oman (290.0 kg)
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