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United Arab Emirates - Crude Steel and Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUnited Arab Emirates: Market for Raw Steel And Steel Semi-Finished Products 2024
Market Size for Raw Steel And Steel Semi-Finished Products in the United Arab Emirates
The market for raw steel and steel semi-finished products in the United Arab Emirates soared to $X in 2023, surging by X% against the previous year. Overall, consumption, however, showed a perceptible descent. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.
Production of Raw Steel And Steel Semi-Finished Products in the United Arab Emirates
In value terms, production of raw steel and steel semi-finished products expanded rapidly to $X in 2023 estimated in export price. Overall, production recorded a mild slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Production of peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.
Exports of Raw Steel And Steel Semi-Finished Products
Exports from the United Arab Emirates
In 2023, exports of raw steel and steel semi-finished products from the United Arab Emirates expanded notably to X tons, with an increase of X% on 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.
In value terms, exports of raw steel and steel semi-finished products reached $X in 2023. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.
Exports by Country
China (X tons) was the main destination for exports of raw steel and steel semi-finished products from the United Arab Emirates, with a X% share of total exports. Moreover, exports of raw steel and steel semi-finished products to China exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Egypt (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Egypt (X% per year).
In value terms, China ($X) remains the key foreign market for raw steel and steel semi-finished products exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.
From 2012 to 2023, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Egypt (X% per year).
Export Prices by Country
The average export price for raw steel and steel semi-finished products stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Steel And Steel Semi-Finished Products
Imports into the United Arab Emirates
After two years of decline, purchases abroad of raw steel and steel semi-finished products increased by X% to X tons in 2023. Overall, imports showed a measured expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.
In value terms, imports of raw steel and steel semi-finished products skyrocketed to $X in 2023. In general, imports showed noticeable growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.
Imports by Country
South Africa (X tons), the UK (X tons) and Italy (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to the United Arab Emirates, with a combined X% share of total imports.
From 2012 to 2023, the biggest increases were recorded for South Africa (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the UK ($X) constituted the largest supplier of raw steel and steel semi-finished products to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by South Africa, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Africa (X% per year).
Import Prices by Country
In 2023, the average import price for raw steel and steel semi-finished products amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the United Arab Emirates. 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 24102110 - Flat semi-finished products (of non-alloy steel)
- Prodcom 24102121 - Ingots, other primary forms and long semi-finished products for seamless tubes (of non-alloy steel)
- Prodcom 24102122 - Other ingots, primary forms and long semi-finished products including blanks (of non-alloy steel)
- Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
- Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
- Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
- Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
- Prodcom 24102321 - Ingots, other primary forms and long semi-finished products for seamless tubes (of alloy steel other than of stainless steel)
- Prodcom 24102322 - Other ingots, primary forms and long semi-finished products (of alloy steel other than of stainless steel)
Country coverage:
- United Arab Emirates
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the United Arab Emirates
- 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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