Price for Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates
- Exports of Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates
Price for Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $5,011 per ton, surging by 156% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $5,618 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($10,053 per ton), while the price for India ($4,218 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates (FOB) - 2022
The average export price for steel, stainless stood at $5,899 per ton in 2022, jumping by 70% against the previous year. In general, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 229% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($6,721 per ton), while the average price for exports to Indonesia ($1,241 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 Gambia (+44.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates
In 2022, supplies from abroad of steel, stainless decreased by -70% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 271%.
In value terms, imports of steel, stainless fell notably to $11M in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 167%. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 0.8 | 0.8 | 6.3 | 91.3% |
| India | 2.6 | 2.4 | 0.6 | 2.7 | 1.3% |
| Italy | 0.7 | 0.6 | 0.2 | 0.4 | -17.0% |
| Spain | N/A | N/A | N/A | 0.4 | 0% |
| Saudi Arabia | N/A | 12.1 | 11.6 | N/A | -4.1% |
| Others | 2.1 | 1.1 | 0.8 | 0.9 | -24.6% |
| Total | 6.4 | 17.1 | 13.9 | 10.7 | 18.7% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to the United Arab Emirates in 2022:
- China (1352.8 tons)
- India (628.9 tons)
- Spain (44.5 tons)
- Italy (40.9 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates
In 2022, approx. 164 tons of steel, stainless were exported from the United Arab Emirates; shrinking by -68.6% on the previous year. In general, exports faced a significant curtailment. The smallest decline of -0.7% was in 2020.
In value terms, exports of steel, stainless reduced notably to $914K in 2022. Overall, exports recorded a abrupt setback. The smallest decline of -0.3% was in 2021.
| Export of Steel, Stainless; Angles, Shapes and Sections in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 859 | 638 | 315 | 757 | -4.1% |
| Seychelles | 5.6 | 19.4 | 1.2 | 32.2 | 79.2% |
| Bahrain | 122 | 7.1 | 7.5 | 26.4 | -40.0% |
| India | 67.0 | N/A | 10.4 | 21.7 | -31.3% |
| Indonesia | 2.5 | 0.7 | N/A | 3.3 | 9.7% |
| Nigeria | N/A | N/A | 153 | N/A | 0% |
| Gambia | 26.0 | 140 | 6.4 | N/A | -50.4% |
| Iran | 95.3 | N/A | 197 | N/A | 43.8% |
| Saudi Arabia | 133 | 148 | 94.6 | N/A | -15.7% |
| Others | 69.3 | 162 | 327 | 73.6 | 2.0% |
| Total | 1,379 | 1,115 | 1,112 | 914 | -12.8% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from the United Arab Emirates in 2022:
- Oman (120.1 tons)
- Seychelles (17.9 tons)
- Bahrain (6.1 tons)
- India (5.0 tons)
- Indonesia (2.6 tons)
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