Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $9,933 per ton in 2022, rising by 78% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel; non-threaded cotters and cotter-pinses increased by +82.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($31,621 per ton), while the price for China ($3,650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $8,864 per ton in 2022, which is down by -17.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 64% against the previous year. The export price peaked at $15,373 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($64,333 per ton), while the average price for exports to Algeria ($4,447 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 Tanzania (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates
Imports of iron or steel; non-threaded cotters and cotter-pinses into the United Arab Emirates shrank markedly to 627 tons in 2022, with a decrease of -36.1% on the previous year. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 8.7%. As a result, imports reached the peak of 981 tons, and then reduced markedly in the following year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses expanded significantly to $6.2M in 2022. Overall, imports continue to indicate a relatively flat trend pattern.
Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,332 | 1,044 | 926 | 2,654 | 25.8% |
China | 2,280 | 2,396 | 2,782 | 827 | -28.7% |
Germany | 152 | 157 | 179 | 469 | 45.6% |
South Korea | 11.1 | 33.4 | 20.7 | 200 | 162.2% |
Turkey | 180 | 52.4 | 163 | 186 | 1.1% |
India | 747 | 187 | 70.5 | 111 | -47.0% |
Others | 1,577 | 1,036 | 1,320 | 1,785 | 4.2% |
Total | 6,279 | 4,907 | 5,461 | 6,231 | -0.3% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to the United Arab Emirates in 2022:
- United States (241.9 tons)
- China (226.4 tons)
- South Korea (49.9 tons)
- Turkey (33.7 tons)
- Germany (14.8 tons)
- India (13.4 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates
In 2022, approx. 488 tons of iron or steel; non-threaded cotters and cotter-pinses were exported from the United Arab Emirates; growing by 258% compared with 2021 figures. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses soared to $4.3M in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United Arab Emirates (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 140 | 24.3 | 137 | 1,153 | 101.9% |
Bahrain | 0.4 | N/A | 0.4 | 527 | 996.3% |
Kuwait | 1.8 | N/A | N/A | 367 | 488.6% |
Oman | 259 | 550 | 256 | 248 | -1.4% |
Qatar | N/A | N/A | N/A | 155 | 0% |
Sudan | N/A | N/A | N/A | 93.8 | 0% |
Algeria | N/A | N/A | N/A | 55.3 | 0% |
India | 39.0 | 10.7 | 28.0 | 46.4 | 6.0% |
Zambia | 20.4 | N/A | 77.3 | 2.4 | -51.0% |
Iran | 317 | 164 | 235 | 0.2 | -91.4% |
Others | 271 | 313 | 731 | 1,677 | 83.6% |
Total | 1,048 | 1,063 | 1,464 | 4,325 | 60.4% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from the United Arab Emirates in 2022:
- Saudi Arabia (257.6 tons)
- Bahrain (93.8 tons)
- Sudan (18.9 tons)
- Qatar (13.9 tons)
- Algeria (12.4 tons)
- Oman (11.3 tons)
- Kuwait (8.4 tons)
- India (2.0 tons)
- Zambia (1.0 tons)
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