Report Update: May 1, 2024

United Arab Emirates - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights

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Price for Iron or Steel Wire Product in the United Arab Emirates - 2021

Price for Iron or Steel Wire Product in the United Arab Emirates (CIF) - 2022

The average import price for iron or steel wire products stood at $2,324 per ton in 2021, with an increase of 12% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 60%. The import price peaked at $3,952 per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($6,080 per ton), while the price for Turkey ($1,124 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Wire Product in the United Arab Emirates (FOB) - 2022

In 2021, the average export price for iron or steel wire products amounted to $2,290 per ton, which is down by -5.7% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron or steel wire product export price increased by +13.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 76%. Over the period under review, the average export prices attained the maximum at $2,428 per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($3,362 per ton), while the average price for exports to Tanzania ($541 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+45.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Wire Product in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or steel wire products, when their volume decreased by -7.5% to 16K tons. The total import volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports reached the peak of 18K tons, and then reduced in the following year.

In value terms, iron or steel wire product imports reduced to $36M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of $41M, and then fell in the following year.

Import of Iron or Steel Wire Product in the United Arab Emirates (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	15.1	10.9	15.5	1.3%
India	4.0	3.2	6.2	24.5%
Turkey	0.8	1.0	1.7	45.8%
Germany	4.3	1.1	1.1	-49.4%
United States	0.2	0.2	0.7	87.1%
Hong Kong SAR	0.6	0.5	0.7	8.0%
Italy	0.4	0.4	0.6	22.5%
Indonesia	0.1	0.1	0.5	123.6%
South Korea	1.4	2.4	N/A	71.4%
Others	3.2	11.3	14.0	109.2%
Total	30.0	31.1	41.0	16.9%

Top Suppliers of Iron or Steel Wire Product to the United Arab Emirates in 2022:

China (6.1K tons)
India (4.3K tons)
Turkey (1.5K tons)
Germany (0.5K tons)
Indonesia (0.4K tons)
Italy (0.3K tons)
Hong Kong SAR (0.3K tons)
United States (0.2K tons)

Exports of Iron or Steel Wire Product in the United Arab Emirates

Iron or steel wire product exports from the United Arab Emirates reduced to 2.3K tons in 2022, dropping by -14.6% compared with the year before. Over the period under review, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports reached the peak of 2.7K tons, and then dropped in the following year.

In value terms, iron or steel wire product exports contracted to $5.4M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, the exports attained the peak of $6.2M, and then declined in the following year.

Export of Iron or Steel Wire Product in the United Arab Emirates (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Oman	1,410	N/A	2,128	22.9%
Australia	306	447	705	51.8%
United Kingdom	518	127	498	-1.9%
Spain	N/A	2.2	159	7127.3%
France	149	176	110	-14.1%
United States	N/A	N/A	69.4	0%
Tanzania	16.5	13.1	35.8	47.3%
Kuwait	251	103	N/A	-59.0%
Uganda	72.7	12.2	N/A	-83.2%
Democratic Republic of the Congo	110	49.4	N/A	-55.1%
Saudi Arabia	1,507	1,968	N/A	30.6%
Bahrain	129	N/A	N/A	0%
Others	513	1,729	2,453	118.7%
Total	4,982	4,627	6,157	11.2%

Top Export Markets for Iron or Steel Wire Product from the United Arab Emirates in 2022:

Oman (936.8 tons)
United Kingdom (271.4 tons)
Australia (209.6 tons)
Spain (104.6 tons)
Tanzania (66.3 tons)
France (50.9 tons)
United States (29.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel wire product 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 2030.

Product coverage:

Prodcom 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers

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.

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