Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia - 2022
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia (FOB) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia (CIF) - 2022
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia (FOB) - 2022
The average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $3,716 per ton in 2021, with a decrease of -20.1% against the previous year. Over the period under review, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 286%. As a result, the export price reached the peak level of $4,649 per ton, and then shrank markedly in the following year.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($27,618 per ton), while the average price for exports to Kuwait ($1,768 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+143.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia (CIF) - 2022
The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $7,360 per ton in 2021, rising by 76% against the previous year. Overall, the import price enjoyed a resilient expansion. The growth pace was the most rapid in 2016 when the average import price increased by 78%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($43,744 per ton), while the price for Jordan ($1,231 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia
For the third year in a row, Saudi Arabia recorded decline in shipments abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia, which decreased by -15.1% to 93 tons in 2022. Over the period under review, exports continue to indicate a sharp shrinkage.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia rose remarkably to $429K in 2022. In general, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $3.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | N/A | N/A | 0.3 | 0% | |
| Bahrain | N/A | 0.1 | 0.1 | 0.0% | |
| Kuwait | N/A | 2.2 | 0.1 | -95.5% | |
| Germany | N/A | N/A | N/A | 0% | |
| United States | 30.8 | N/A | N/A | 0% | |
| Others | -28.5 | 0.9 | -0.1 | -94.1% | |
| Total | 2.3 | 3.2 | 0.4 | -58.3% | |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Saudi Arabia in 2022:
- Kuwait (40.2 tons)
- Bahrain (30.1 tons)
- Japan (22.4 tons)
- Germany (1.5 tons)
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia
In 2021, after two years of growth, there was significant decline in purchases abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia, when their volume decreased by -9.6% to 3.6K tons. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, imports attained the peak of 4K tons, and then contracted in the following year.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $26M in 2021. Over the period under review, imports, however, continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Spain | 0.9 | 2.0 | 12.8 | 277.1% | |
| Japan | 2.0 | 8.3 | 4.0 | 41.4% | |
| China | 3.0 | 1.9 | 2.7 | -5.1% | |
| Jordan | N/A | 1.3 | 0.9 | -30.8% | |
| India | 1.0 | 0.4 | 0.6 | -22.5% | |
| Italy | 0.4 | 0.3 | 0.5 | 11.8% | |
| South Korea | N/A | 0.9 | 0.4 | -55.6% | |
| Others | 4.1 | 1.4 | 4.4 | 3.6% | |
| Total | 11.4 | 16.5 | 26.3 | 51.9% | |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Saudi Arabia in 2022:
- China (958.2 tons)
- Jordan (772.0 tons)
- Japan (541.2 tons)
- Spain (498.6 tons)
- Italy (96.3 tons)
- South Korea (90.7 tons)
- India (70.2 tons)
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