Price for Steel, Stainless; Ingots and Other Primary Forms in Saudi Arabia - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Saudi Arabia (FOB) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Saudi Arabia
Price for Steel, Stainless; Ingots and Other Primary Forms in Saudi Arabia (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $794 per ton in 2021, approximately reflecting the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 9.8%. Over the period under review, the average export prices reached the maximum at $1,209 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
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 Singapore ($3,581 per ton), while the average price for exports to India amounted to $1,255 per ton.
From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+49.1%).
Exports of Steel, Stainless; Ingots and Other Primary Forms in Saudi Arabia
In 2022, approx. 47 tons of steel, stainless; ingots and other primary formses were exported from Saudi Arabia; declining by -8.7% compared with the year before. Over the period under review, exports showed a abrupt curtailment.
In value terms, exports of steel, stainless; ingots and other primary formses fell to $37K in 2022. In general, exports saw a abrupt curtailment.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| India | 130 | 1,540 | 600 | 114.8% |
| Singapore | N/A | N/A | 76.2 | 0% |
| Germany | N/A | 43.8 | N/A | 0% |
| Malaysia | N/A | 199 | N/A | 0% |
| Others | -129.7 | -1,782.9 | -634.7 | 121.2% |
| Total | N/A | N/A | 41.3 | 0% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Saudi Arabia in 2022:
- India (477.9 tons)
- Singapore (21.3 tons)
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