Saudi Arabia - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStranded Wire Price in Saudi Arabia - 2021
Contents:
- Stranded Wire Price in Saudi Arabia (FOB) - 2022
- Stranded Wire Price in Saudi Arabia (CIF) - 2022
- Stranded Wire Exports in Saudi Arabia
- Stranded Wire Imports in Saudi Arabia
Stranded Wire Price in Saudi Arabia (FOB) - 2022
In 2022, the average stranded wire export price amounted to $2,597 per ton, shrinking by -3% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 94%. As a result, the export price reached the peak level of $3,743 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($3,991 per ton), while the average price for exports to Egypt ($990 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 Iraq (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Stranded Wire Price in Saudi Arabia (CIF) - 2022
In 2022, the average stranded wire import price amounted to $2,552 per ton, waning by -5.9% against the previous year. Overall, the import price saw a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 28%. Over the period under review, average import prices attained the peak figure at $2,959 per ton in 2012; however, from 2013 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 ($4,686 per ton), while the price for China ($1,867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Stranded Wire Exports in Saudi Arabia
Stranded wire exports from Saudi Arabia reached 36K tons in 2022, picking up by 11% compared with the year before. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 128% against the previous year. As a result, the exports reached the peak of 41K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, stranded wire exports totaled $94M in 2022. The total export value increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $101M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Stranded Wire in Saudi Arabia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Yemen | 7.8 | 26.6 | 29.5 | 35.6 | 65.9% |
Kuwait | 7.5 | 25.6 | 14.2 | 19.3 | 37.0% |
United Arab Emirates | 33.8 | 22.5 | 17.9 | 16.6 | -21.1% |
Iraq | 5.2 | 6.8 | 7.8 | 12.6 | 34.3% |
Bahrain | 5.3 | 4.5 | 2.7 | 3.1 | -16.4% |
Egypt | 0.7 | 2.4 | 3.7 | 2.3 | 48.7% |
United States | 0.2 | 3.7 | N/A | 1.2 | 81.7% |
Others | 6.5 | 8.6 | 11.5 | 3.6 | -17.9% |
Total | 66.8 | 101 | 87.3 | 94.3 | 12.2% |
Top Export Markets for Stranded Wire from Saudi Arabia in 2022:
- Kuwait (12.7K tons)
- Yemen (8.9K tons)
- United Arab Emirates (6.0K tons)
- Iraq (3.2K tons)
- Egypt (2.4K tons)
- Bahrain (1.0K tons)
- United States (0.6K tons)
Stranded Wire Imports in Saudi Arabia
In 2022, approx. 29K tons of stranded wire, ropes and cables were imported into Saudi Arabia; with an increase of 23% against 2021 figures. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. As a result, imports attained the peak of 34K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, stranded wire imports surged to $73M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. As a result, imports reached the peak of $83M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Stranded Wire in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bahrain | 9.7 | 32.1 | 17.1 | 27.4 | 41.4% |
United Arab Emirates | 4.3 | 18.5 | 8.9 | 19.5 | 65.5% |
China | 12.9 | 10.7 | 11.6 | 9.8 | -8.8% |
Italy | 2.4 | 0.8 | 2.4 | 2.0 | -5.9% |
South Korea | 2.7 | 2.3 | 2.3 | 1.9 | -11.1% |
United Kingdom | 2.6 | 1.1 | 2.0 | 1.7 | -13.2% |
India | 1.8 | 1.1 | 1.6 | 1.3 | -10.3% |
Malaysia | N/A | 1.3 | 1.4 | N/A | 7.7% |
Others | 13.0 | 15.1 | 16.2 | 9.7 | -9.3% |
Total | 49.3 | 83.0 | 63.5 | 73.2 | 14.1% |
Top Suppliers of Stranded Wire to Saudi Arabia in 2022:
- Bahrain (12.9K tons)
- United Arab Emirates (6.0K tons)
- China (5.2K tons)
- India (0.7K tons)
- South Korea (0.7K tons)
- United Kingdom (0.5K tons)
- Italy (0.4K tons)
This report provides an in-depth analysis of the stranded wire market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
- Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
- Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the stranded wire market in Saudi Arabia.
This report provides an in-depth analysis of the steel stranded wire market in Saudi Arabia.
This report provides an in-depth analysis of the steel plaited band market in Saudi Arabia.
This report provides an in-depth analysis of the global stranded wire market.
This report provides an in-depth analysis of the global steel stranded wire market.
This report provides an in-depth analysis of the global steel plaited band market.
This report provides an in-depth analysis of the stranded wire market in Saudi Arabia.
This report provides an in-depth analysis of the steel stranded wire market in Saudi Arabia.
This report provides an in-depth analysis of the steel plaited band market in Saudi Arabia.
This report provides an in-depth analysis of the global stranded wire market.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.