Report Update: May 1, 2024

Saudi Arabia - Hot-Rolled Round Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Hot-Rolled Round Stainless Steel in Saudi Arabia - 2021

Price for Hot-Rolled Round Stainless Steel in Saudi Arabia (CIF) - 2022

In 2022, the average hot-rolled round stainless steel import price amounted to $1,754 per ton, with a decrease of -7.3% against the previous year. Overall, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 73%. Over the period under review, average import prices reached the maximum at $1,989 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($3,991 per ton), while the price for Turkey ($557 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hot-Rolled Round Stainless Steel in Saudi Arabia (FOB) - 2022

The average hot-rolled round stainless steel export price stood at $5,949 per ton in 2022, picking up by 9.4% against the previous year. Overall, the export price showed a strong increase. The pace of growth was the most pronounced in 2015 an increase of 105%. The export price peaked at $6,456 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($23,579 per ton), while the average price for exports to the United Arab Emirates totaled $5,904 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Round Stainless Steel in Saudi Arabia

After two years of decline, purchases abroad of hot-rolled round bars of stainless steel increased by 9.6% to 2.7K tons in 2022. Over the period under review, imports, however, recorded a deep downturn.

In value terms, hot-rolled round stainless steel imports rose modestly to $4.7M in 2022. Overall, imports, however, showed a abrupt slump.

Import of Hot-Rolled Round Stainless Steel in Saudi Arabia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	3.6	3.4	3.2	2.0	-17.8%
Sweden	N/A	N/A	N/A	0.5	0%
United Arab Emirates	N/A	N/A	N/A	0.4	0%
China	0.8	0.5	N/A	0.3	-27.9%
Turkey	0.4	0.4	N/A	0.2	-20.6%
Egypt	N/A	N/A	0.3	0.2	-33.3%
Others	1.4	0.5	1.1	1.0	-10.6%
Total	6.2	4.8	4.6	4.7	-8.8%

Top Suppliers of Hot-Rolled Round Stainless Steel to Saudi Arabia in 2022:

India (1288.5 tons)
Turkey (401.9 tons)
Sweden (225.0 tons)
Egypt (208.2 tons)
China (179.5 tons)
United Arab Emirates (97.9 tons)

Exports of Hot-Rolled Round Stainless Steel in Saudi Arabia

Hot-rolled round stainless steel exports from Saudi Arabia dropped to 118 kg in 2022, waning by -4.1% compared with 2021. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 7.9%.

In value terms, hot-rolled round stainless steel exports stood at $702 in 2022. In general, exports showed a pronounced setback.

Export of Hot-Rolled Round Stainless Steel in Saudi Arabia (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	628	672	291	695	3.4%
Bahrain	181	63.0	3.0	7.0	-66.2%
Jordan	N/A	N/A	370	N/A	0%
Others	1.0	1.0	5.0	N/A	123.6%
Total	810	736	669	702	-4.7%

Top Export Markets for Hot-Rolled Round Stainless Steel from Saudi Arabia in 2022:

United Arab Emirates (118.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled round stainless steel 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 24106410 - Hot-rolled round bars, of stainless 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:

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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023