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Saudi Arabia - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSaudi Arabia: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2024
Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Saudi Arabia
The Saudi silicon-electrical steel flat-rolled product market soared to $X in 2023, with an increase of X% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Production of Flat-Rolled Products Of Silicon-Electrical Steel in Saudi Arabia
In value terms, silicon-electrical steel flat-rolled product production fell to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.
Exports of Flat-Rolled Products Of Silicon-Electrical Steel
Exports from Saudi Arabia
In 2023, the amount of flat-rolled products of silicon-electrical steel exported from Saudi Arabia fell markedly to X tons, dropping by X% against 2022. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2022 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.
In value terms, silicon-electrical steel flat-rolled product exports dropped significantly to $X in 2023. Over the period under review, exports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.
Exports by Country
China (X tons) and the United Arab Emirates (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Saudi Arabia.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%).
In value terms, the largest markets for silicon-electrical steel flat-rolled product exported from Saudi Arabia were China ($X) and the United Arab Emirates ($X).
Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.
Export Prices by Country
In 2023, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.
Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Flat-Rolled Products Of Silicon-Electrical Steel
Imports into Saudi Arabia
In 2023, overseas purchases of flat-rolled products of silicon-electrical steel decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.
In value terms, silicon-electrical steel flat-rolled product imports amounted to $X in 2023. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.
Imports by Country
China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Saudi Arabia, with a combined X% share of total imports.
From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline.
In value terms, China ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).
Import Prices by Country
The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2023, approximately mirroring the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product 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 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
- Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
- Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
- Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented
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
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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
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