Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates - 2022

Contents:

  1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates (CIF) - 2022
  2. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates (FOB) - 2022
  3. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates
  4. Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates (CIF) - 2022

The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $768 per ton in 2022, reducing by -65.8% against the previous year. Overall, the import price, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 60% against the previous year. The import price peaked at $2,707 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($1,006 per ton) and India ($958 per ton), while the price for Oman ($697 per ton) and China ($898 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates (FOB) - 2022

The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $851 per ton in 2022, jumping by 34% against the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 122% against the previous year. The export price peaked at $1,382 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($954 per ton), while the average price for exports to Yemen ($236 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 Yemen (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in purchases abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, which increased by 5,705% to 15K tons in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses soared to $11M in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
OmanN/AN/AN/A8,0420%
IndiaN/AN/A4.31,67638876.7%
ChinaN/A0.32.21,1356050.9%
RussiaN/AN/AN/A3220%
Saudi Arabia40.5152563N/A272.8%
Others0.31.18.2300900.0%
Total40.915457811,475554.7%

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to the United Arab Emirates in 2022:

  1. Oman (11.5K tons)
  2. India (1.7K tons)
  3. China (1.3K tons)
  4. Russia (0.3K tons)

Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates

Exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses from the United Arab Emirates surged to 9.4K tons in 2022, picking up by 108,040% compared with the previous year. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses surged to $8M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi ArabiaN/AN/AN/A7.70%
YemenN/AN/AN/A0.30%
OthersN/AN/AN/AN/A0%
TotalN/A0.1N/A8.0794.4%

Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from the United Arab Emirates in 2022:

  1. Saudi Arabia (8.1K tons)
  2. Yemen (1.3K tons)

Source: IndexBox Market Intelligence Platform

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