United Arab Emirates - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in the United Arab Emirates - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in the United Arab Emirates (FOB) - 2022
- Price for Hot-Rolled Wire Rod in Coils in the United Arab Emirates (CIF) - 2022
- Exports of Hot-Rolled Wire Rod in Coils in the United Arab Emirates
- Imports of Hot-Rolled Wire Rod in Coils in the United Arab Emirates
Price for Hot-Rolled Wire Rod in Coils in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $921 per ton, picking up by 26% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils export price increased by +85.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($1,203 per ton), while the average price for exports to Myanmar ($692 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 Israel (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in the United Arab Emirates (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $1,697 per ton in 2022, picking up by 63% against the previous year. In general, the import price enjoyed notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,036 per ton), while the price for Oman ($564 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Hot-Rolled Wire Rod in Coils in the United Arab Emirates
In 2022, approx. 574K tons of hot-rolled wire rods in coils were exported from the United Arab Emirates; jumping by 53% against the previous year's figure. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 66%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, hot-rolled wire rod in coils exports skyrocketed to $529M in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | N/A | N/A | 5.5 | 338 | 6045.5% |
| Netherlands | N/A | N/A | 28.2 | 49.5 | 75.5% |
| Kenya | N/A | 2.7 | 14.0 | 22.1 | 186.1% |
| Sri Lanka | 7.7 | 7.5 | 2.0 | 17.4 | 31.2% |
| Tanzania | N/A | 1.0 | 2.8 | 15.4 | 292.4% |
| Taiwan (Chinese) | 13.7 | 7.6 | 25.5 | 9.2 | -12.4% |
| Cote d'Ivoire | 0.3 | 1.9 | N/A | 9.2 | 213.0% |
| Oman | 11.2 | 14.5 | 7.6 | 8.4 | -9.1% |
| Myanmar | 2.0 | 12.7 | 11.8 | 8.3 | 60.7% |
| Jordan | N/A | N/A | 22.9 | 5.1 | -77.7% |
| Bahrain | 6.4 | 1.8 | 2.7 | 3.9 | -15.2% |
| Singapore | N/A | 11.8 | 33.7 | 0.2 | -87.0% |
| Saudi Arabia | 46.2 | 80.1 | 63.8 | N/A | 17.5% |
| Others | 15.5 | 10.7 | 53.5 | 42.0 | 39.4% |
| Total | 103 | 152 | 274 | 529 | 72.5% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from the United Arab Emirates in 2022:
- Israel (351.0K tons)
- Netherlands (58.4K tons)
- Kenya (25.6K tons)
- Sri Lanka (21.1K tons)
- Tanzania (18.4K tons)
- Taiwan (Chinese) (12.2K tons)
- Myanmar (12.0K tons)
- Cote d'Ivoire (10.8K tons)
- Oman (8.3K tons)
- Bahrain (5.2K tons)
- Jordan (4.2K tons)
- Singapore (0.3K tons)
Imports of Hot-Rolled Wire Rod in Coils in the United Arab Emirates
In 2022, purchases abroad of hot-rolled wire rods in coils decreased by -60.1% to 32K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 224%.
In value terms, hot-rolled wire rod in coils imports shrank markedly to $54M in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 145% against the previous year.
| Import of Hot-Rolled Wire Rod in Coils in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.1 | 10.1 | 33.9 | 31.6 | 83.7% |
| Taiwan (Chinese) | 5.4 | 7.4 | 11.8 | 12.6 | 32.6% |
| China | 0.4 | 0.3 | 2.6 | 6.6 | 154.6% |
| Malaysia | N/A | N/A | 0.2 | 3.0 | 1400.0% |
| Oman | 1.5 | 0.1 | N/A | N/A | -93.3% |
| Iran | 3.2 | 20.4 | 33.8 | N/A | 225.0% |
| Saudi Arabia | N/A | 0.9 | 0.6 | N/A | -33.3% |
| Others | 0.7 | 0.7 | 0.3 | 0.5 | -10.6% |
| Total | 16.3 | 39.9 | 83.4 | 54.3 | 49.3% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to the United Arab Emirates in 2022:
- India (16.5K tons)
- China (7.3K tons)
- Taiwan (Chinese) (4.1K tons)
- Malaysia (3.7K tons)
This report provides an in-depth analysis of the hot-rolled wire rod market in the United Arab Emirates. 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 2025.
Product coverage:
- Prodcom 2410T231 - Hot-rolled wire rod
Country coverage:
- United Arab Emirates
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the United Arab Emirates
- 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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