Saudi Arabia - Flat-Rolled Products Of Iron Or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFlat-Rolled Steel Products Price in Saudi Arabia - 2021
Contents:
- Flat-Rolled Steel Products Price in Saudi Arabia (CIF) - 2022
- Flat-Rolled Steel Products Price in Saudi Arabia (FOB) - 2022
- Flat-Rolled Steel Products Imports in Saudi Arabia
- Flat-Rolled Steel Products Exports in Saudi Arabia
Flat-Rolled Steel Products Price in Saudi Arabia (CIF) - 2022
In 2022, the average flat-rolled steel products import price amounted to $992 per ton, reducing by -13.6% against the previous year. In general, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2021 an increase of 37% against the previous year. As a result, import price attained the peak level of $1,148 per ton, and then declined in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($1,143 per ton) and the Netherlands ($1,088 per ton), while the price for Japan ($826 per ton) and Taiwan (Chinese) ($853 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced a decline.
Flat-Rolled Steel Products Price in Saudi Arabia (FOB) - 2022
In 2022, the average flat-rolled steel products export price amounted to $642 per ton, approximately mirroring the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 50%. Over the period under review, the average export prices reached the maximum at $1,044 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($1,143 per ton), while the average price for exports to Germany ($292 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 Yemen (+2.2%), while the prices for the other major destinations experienced a decline.
Flat-Rolled Steel Products Imports in Saudi Arabia
In 2022, overseas purchases of flat-rolled products of iron or non-alloy steel were finally on the rise to reach 119K tons after two years of decline. In general, imports, however, continue to indicate a abrupt decrease.
In value terms, flat-rolled steel products imports dropped to $118M in 2022. Over the period under review, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $136M, and then fell in the following year.
| Import of Flat-Rolled Steel Products in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.7 | 20.7 | 41.4 | 32.1 | 15.7% |
| Japan | 42.1 | 41.3 | 29.5 | 28.1 | -12.6% |
| South Korea | 12.7 | 15.5 | 32.6 | 23.0 | 21.9% |
| Netherlands | 6.6 | 10.8 | 15.8 | 12.6 | 24.1% |
| Germany | 15.6 | 4.9 | 4.2 | 7.0 | -23.4% |
| United Arab Emirates | 22.4 | 0.8 | 0.6 | 6.8 | -32.8% |
| United Kingdom | 1.2 | 0.5 | 3.4 | 2.7 | 31.0% |
| Spain | 5.2 | 3.1 | 5.7 | 0.1 | -73.2% |
| Others | 5.8 | 3.5 | 2.5 | 6.0 | 1.1% |
| Total | 132 | 101 | 136 | 118 | -3.7% |
Top Suppliers of Flat-Rolled Steel Products to Saudi Arabia in 2022:
- Japan (34.0K tons)
- China (28.1K tons)
- South Korea (21.2K tons)
- Netherlands (11.5K tons)
- United Arab Emirates (7.6K tons)
- Germany (7.6K tons)
- United Kingdom (2.7K tons)
- Spain (0.1K tons)
Flat-Rolled Steel Products Exports in Saudi Arabia
In 2022, approx. 825 tons of flat-rolled products of iron or non-alloy steel were exported from Saudi Arabia; declining by -24.8% against the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 83%. As a result, the exports reached the peak of 1.1K tons, and then fell notably in the following year.
In value terms, flat-rolled steel products exports contracted remarkably to $530K in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 93% against the previous year.
| Export of Flat-Rolled Steel Products in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 170 | 89.2 | 155 | 136 | -7.2% |
| Jordan | 89.9 | 88.9 | 124 | 107 | 6.0% |
| Egypt | 96.9 | 73.0 | 115 | 100 | 1.1% |
| Yemen | 195 | 40.1 | 91.4 | 62.8 | -31.5% |
| United Arab Emirates | 72.0 | 13.5 | 41.3 | 27.2 | -27.7% |
| India | 78.1 | 14.5 | 11.9 | 20.9 | -35.6% |
| Germany | 3.0 | 7.8 | 13.8 | 12.0 | 58.7% |
| Turkey | N/A | N/A | 42.9 | N/A | 0% |
| Others | 147 | 35.4 | 104 | 63.9 | -24.2% |
| Total | 852 | 362 | 700 | 530 | -14.6% |
Top Export Markets for Flat-Rolled Steel Products from Saudi Arabia in 2022:
- Sudan (232.9 tons)
- Egypt (155.2 tons)
- Jordan (133.7 tons)
- India (69.6 tons)
- United Arab Emirates (57.3 tons)
- Yemen (54.9 tons)
- Germany (41.1 tons)
This report provides an in-depth analysis of the flat-rolled steel products 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 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm
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
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