Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,787 per ton in 2021, surging by 52% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were France ($2,063 per ton) and Italy ($1,880 per ton), while the price for the Czech Republic ($1,650 per ton) and China ($1,756 per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia (FOB) - 2022
In 2021, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $2,114 per ton, surging by 93% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses increased by +106.2% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,920 per ton), while the average price for exports to Iraq totaled $1,009 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.6%).
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia
In 2022, the amount of iron or non-alloy steel wire, plated or coated with non-zinc base metalses imported into Saudi Arabia surged to 12K tons, picking up by 194% compared with 2021 figures. In general, imports, however, recorded a pronounced descent.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses soared to $15M in 2022. Over the period under review, imports, however, continue to indicate a mild downturn.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 11.4 | 18.4 | 5.2 | -32.5% | |
| Czech Republic | N/A | N/A | 0.5 | 0% | |
| Italy | 1.5 | 1.0 | 0.4 | -48.4% | |
| France | 1.1 | 1.5 | 0.4 | -39.7% | |
| Others | 1.6 | 1.9 | 0.6 | -38.8% | |
| Total | 15.6 | 22.8 | 7.1 | -32.5% | |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Saudi Arabia in 2022:
- China (2989.1 tons)
- Czech Republic (292.5 tons)
- Italy (212.7 tons)
- France (179.7 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia
Exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses from Saudi Arabia surged to 86 tons in 2022, growing by 57% compared with the previous year. Over the period under review, exports, however, saw a noticeable reduction.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses expanded significantly to $123K in 2022. The total export value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $129K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | N/A | N/A | 82.9 | 0% | |
| Iraq | N/A | N/A | 24.8 | 0% | |
| Bahrain | 4.0 | 27.0 | 4.8 | 9.5% | |
| Oman | N/A | 10.4 | N/A | 0% | |
| Sudan | 10.0 | 91.6 | N/A | 816.0% | |
| Others | 80.4 | N/A | 4.0 | -77.7% | |
| Total | 94.3 | 129 | 117 | 11.4% | |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Saudi Arabia in 2022:
- United Arab Emirates (28.4 tons)
- Iraq (24.6 tons)
- Bahrain (0.5 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Saudi Arabia.
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This report provides an in-depth analysis of the market for iron and steel wire in Saudi Arabia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Saudi Arabia.
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This report provides an in-depth analysis of the market for iron and steel wire in Saudi Arabia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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