Saudi Arabia - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel U-Section Price in Saudi Arabia - 2021
Contents:
- Non-Alloy Steel U-Section Price in Saudi Arabia (CIF) - 2022
- Non-Alloy Steel U-Section Price in Saudi Arabia (FOB) - 2022
- Non-Alloy Steel U-Section Imports in Saudi Arabia
- Non-Alloy Steel U-Section Exports in Saudi Arabia
Non-Alloy Steel U-Section Price in Saudi Arabia (CIF) - 2022
The average non-alloy steel u-section import price stood at $752 per ton in 2021, increasing by 33% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 37%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($5,108 per ton), while the price for the United Arab Emirates ($548 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Alloy Steel U-Section Price in Saudi Arabia (FOB) - 2022
In 2022, the average non-alloy steel u-section export price amounted to $828 per ton, rising by 1.8% against the previous year. In general, the export price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 35% against the previous year. The export price peaked at $1,125 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($1,656 per ton), while the average price for exports to the United Arab Emirates ($452 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 Kuwait (+2.2%), while the prices for the other major destinations experienced a decline.
Non-Alloy Steel U-Section Imports in Saudi Arabia
In 2021, the amount of u-sections of non-alloy steel imported into Saudi Arabia soared to 48K tons, increasing by 69% compared with 2020. Over the period under review, total imports indicated a strong increase from 2019 to 2021: its volume increased at an average annual rate of +19.9% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-alloy steel u-section imports soared to $36M in 2021. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Non-Alloy Steel U-Section in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Spain | 1.7 | 0.4 | 14.2 | 189.0% | |
Ukraine | 1.3 | 1.6 | 11.2 | 193.5% | |
Oman | 2.4 | 3.9 | 6.7 | 67.1% | |
China | 2.8 | 1.9 | 2.1 | -13.4% | |
United Arab Emirates | 0.3 | N/A | 0.5 | 29.1% | |
Bahrain | N/A | N/A | 0.3 | 0% | |
South Korea | 2.9 | 2.1 | N/A | -27.6% | |
Turkey | 8.8 | 5.3 | N/A | -39.8% | |
Others | 0.9 | 0.7 | 1.0 | 5.4% | |
Total | 21.2 | 15.9 | 35.9 | 30.1% |
Top Suppliers of Non-Alloy Steel U-Section to Saudi Arabia in 2022:
- Ukraine (13.3K tons)
- Oman (7.5K tons)
- China (2.8K tons)
- Spain (2.8K tons)
- United Arab Emirates (0.9K tons)
- Bahrain (0.5K tons)
Non-Alloy Steel U-Section Exports in Saudi Arabia
After two years of decline, shipments abroad of u-sections of non-alloy steel increased by 15% to 368 tons in 2022. In general, exports, however, showed a precipitous decline.
In value terms, non-alloy steel u-section exports surged to $305K in 2022. Overall, exports, however, continue to indicate a precipitous slump.
Export of Non-Alloy Steel U-Section in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Morocco | N/A | N/A | N/A | 166 | 0% |
United Arab Emirates | N/A | 58.3 | 44.5 | 77.9 | 15.6% |
Kuwait | N/A | N/A | 20.9 | 43.2 | 106.7% |
Jordan | 14.4 | 4.4 | 8.4 | 5.7 | -26.6% |
Bahrain | N/A | N/A | 186 | 1.9 | -99.0% |
Others | 2,338 | 1,737 | N/A | 10.1 | -83.7% |
Total | 2,352 | 1,799 | 260 | 305 | -49.4% |
Top Export Markets for Non-Alloy Steel U-Section from Saudi Arabia in 2022:
- United Arab Emirates (172.5 tons)
- Morocco (100.2 tons)
- Kuwait (70.0 tons)
- Jordan (9.2 tons)
- Bahrain (3.7 tons)
This report provides an in-depth analysis of the non-alloy steel u-section 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
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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