Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia - 2022

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia (FOB) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia (CIF) - 2022
3. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia
4. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia (FOB) - 2022

In 2021, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $637 per ton, rising by 4.6% against the previous year. Overall, the export price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 26%. Over the period under review, the average export prices reached the peak figure at $819 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,327 per ton), while the average price for exports to Kuwait ($696 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia (CIF) - 2022

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,306 per ton in 2021, jumping by 59% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The import price peaked at $1,930 per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($1,970 per ton), while the price for Egypt ($823 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia

For the third year in a row, Saudi Arabia recorded decline in shipments abroad of alloy steel flat-rolled products, of a width 600mm or mores, which decreased by -65.5% to 7.6K tons in 2022. Over the period under review, exports saw a dramatic curtailment. The smallest decline of -0.8% was in 2021.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores dropped rapidly to $3.7M in 2022. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 3.8%.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Saudi Arabia in 2022:

1. Kuwait (2.9K tons)
2. Bahrain (1.0K tons)
3. United Arab Emirates (0.1K tons)
4. Jordan (0.1K tons)
5. Yemen (0.1K tons)

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Saudi Arabia

In 2021, after two years of growth, there was significant decline in supplies from abroad of alloy steel flat-rolled products, of a width 600mm or mores, when their volume decreased by -39.8% to 86K tons. Overall, imports, however, recorded a slight expansion. The growth pace was the most rapid in 2020 when imports increased by 70%. As a result, imports reached the peak of 143K tons, and then shrank remarkably in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores reduced modestly to $112M in 2021. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 90% against the previous year. As a result, imports reached the peak of $117M, and then contracted in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Saudi Arabia in 2022:

1. China (62.9K tons)
2. South Korea (6.9K tons)
3. Russia (4.1K tons)
4. Sweden (3.3K tons)
5. Japan (1.7K tons)
6. Germany (1.7K tons)
7. France (1.5K tons)
8. Egypt (0.7K tons)

Source: IndexBox Market Intelligence Platform