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United Arab Emirates - Hot-Rolled Wire Rods in Coils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUnited Arab Emirates: Market for Hot-Rolled Wire Rods in Coils 2024
Market Size for Hot-Rolled Wire Rods in Coils in the United Arab Emirates
The market for hot-rolled wire rods in coils in the United Arab Emirates soared to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, saw a slight descent. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.
Production of Hot-Rolled Wire Rods in Coils in the United Arab Emirates
In value terms, hot-rolled wire rod in coils production reduced modestly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Hot-rolled wire rod in coils production peaked at $X in 2022, and then dropped in the following year.
Exports of Hot-Rolled Wire Rods in Coils
Exports from the United Arab Emirates
After four years of growth, overseas shipments of hot-rolled wire rods in coils decreased by X% to X tons in 2023. Overall, exports, however, saw a pronounced expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2022, and then declined sharply in the following year.
In value terms, hot-rolled wire rod in coils exports dropped markedly to $X in 2023. In general, exports, however, continue to indicate a noticeable expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then shrank markedly in the following year.
Exports by Country
Israel (X tons), Sri Lanka (X tons) and Singapore (X tons) were the main destinations of hot-rolled wire rod in coils exports from the United Arab Emirates, with a combined X% share of total exports. Kenya, Benin, Italy, India, Jordan and Malaysia lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Israel ($X), Sri Lanka ($X) and Singapore ($X) constituted the largest markets for hot-rolled wire rod in coils exported from the United Arab Emirates worldwide, with a combined X% share of total exports. Kenya, Italy, India, Benin, Jordan and Malaysia lagged somewhat behind, together accounting for a further X%.
In terms of the main countries of destination, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average export price for hot-rolled wire rods in coils amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then contracted in the following year.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Benin ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rods in Coils
Imports into the United Arab Emirates
Hot-rolled wire rod in coils imports into the United Arab Emirates skyrocketed to X tons in 2023, surging by X% on 2022 figures. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.
In value terms, hot-rolled wire rod in coils imports skyrocketed to $X in 2023. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, China (X tons) constituted the largest hot-rolled wire rod in coils supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, hot-rolled wire rod in coils imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.
From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%.
In value terms, India ($X) and China ($X) were the largest hot-rolled wire rod in coils suppliers to the United Arab Emirates.
In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.
Import Prices by Country
The average import price for hot-rolled wire rods in coils stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China stood at $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (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 hot-rolled wire rod in coils 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, 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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