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

Contents:

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

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

In 2021, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $1,419 per ton, rising by 60% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for alloy steel flat-rolled products, of a width of less than 600mms increased by +63.4% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($1,188 per ton), while the average price for exports to Yemen amounted to $1,132 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2021, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $2,035 per ton, with an increase of 75% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The import price peaked at $2,417 per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($2,890 per ton), while the price for South Korea ($1,482 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After two years of decline, shipments abroad of alloy steel flat-rolled products, of a width of less than 600mms increased by 57% to 253 tons in 2022. Overall, total exports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms rose notably to $262K in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. Yemen (180.0 tons)
2. South Korea (20.8 tons)

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

Imports of alloy steel flat-rolled products, of a width of less than 600mms into Saudi Arabia soared to 13K tons in 2021, jumping by 300% on the year before. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms skyrocketed to $27M in 2021. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. South Korea (4.5K tons)
2. China (4.0K tons)
3. Japan (2.2K tons)
4. France (1.0K tons)
5. Taiwan (Chinese) (0.6K tons)
6. Germany (0.5K tons)
7. India (0.3K tons)

Source: IndexBox Market Intelligence Platform