Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (FOB) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (CIF) - 2022
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $562 per ton, shrinking by -8.3% against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 141%. The export price peaked at $955 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($641 per ton), while the average price for exports to Ethiopia ($303 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 Italy (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $630 per ton in 2022, waning by -11.3% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +26.2% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 85%. The import price peaked at $710 per ton in 2021, and then reduced in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($611 per ton), while the price for China totaled $600 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%).
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates
In 2022, approx. 82K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were exported from the United Arab Emirates; picking up by 33% compared with the previous year's figure. In general, exports, however, saw a pronounced contraction.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $46M in 2022. Overall, exports, however, showed a perceptible decline.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 17.8 | 32.1 | 25.0 | 28.4 | 16.9% |
| Italy | 6.4 | 7.0 | 3.2 | 4.5 | -11.1% |
| Vietnam | 0.4 | 0.4 | 0.8 | 3.7 | 109.9% |
| Benin | N/A | N/A | N/A | 3.5 | 0% |
| Thailand | 0.8 | 7.1 | 2.1 | 1.4 | 20.5% |
| Pakistan | N/A | N/A | 1.0 | 1.2 | 20.0% |
| Ethiopia | 0.2 | N/A | N/A | 1.2 | 81.7% |
| Taiwan (Chinese) | 5.5 | 3.5 | 3.6 | 0.8 | -47.4% |
| Malaysia | 12.2 | N/A | N/A | N/A | 0% |
| Myanmar | 5.4 | 0.8 | N/A | N/A | -85.2% |
| Others | 3.4 | 3.2 | 1.7 | 1.2 | -29.3% |
| Total | 52.1 | 54.3 | 37.5 | 45.9 | -4.1% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from the United Arab Emirates in 2022:
- Oman (44.3K tons)
- Italy (8.7K tons)
- Benin (8.1K tons)
- Vietnam (6.5K tons)
- Ethiopia (4.0K tons)
- Thailand (3.4K tons)
- Pakistan (2.7K tons)
- Taiwan (Chinese) (2.0K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates
In 2022, after three years of growth, there was significant decline in purchases abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -19.3% to 21K tons. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. As a result, imports reached the peak of 25K tons, and then dropped dramatically in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses shrank notably to $13M in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 132%. As a result, imports attained the peak of $18M, and then dropped remarkably in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 7.8 | 7.1 | 11.9 | 33.5% |
| India | N/A | N/A | 10.7 | 0.3 | -97.2% |
| Others | 0.2 | N/A | 0.3 | 0.7 | 51.8% |
| Total | 5.2 | 7.8 | 18.1 | 12.9 | 35.4% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to the United Arab Emirates in 2022:
- China (19.8K tons)
- India (0.5K tons)
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