Price for Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates
- Exports of Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates
Price for Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for steel alloy wire of silico-manganese steels amounted to $1,235 per ton, with an increase of 26% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,291 per ton), while the price for China ($1,064 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $1,186 per ton in 2022, almost unchanged from the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel alloy wire of silico-manganese steels increased by +1.3% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the maximum at $1,259 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($2,014 per ton), while the average price for exports to Tanzania ($227 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 Rwanda (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates
In 2022, the amount of steel alloy wire of silico-manganese steels imported into the United Arab Emirates declined slightly to 3.1K tons, flattening at the previous year's figure. Overall, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 14%.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $3.8M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,595 | 1,725 | 1,970 | 2,695 | 1.3% |
| Malaysia | 214 | 198 | 155 | 416 | 24.8% |
| United Kingdom | N/A | N/A | 37.2 | 179 | 381.2% |
| India | 183 | 112 | 137 | 125 | -11.9% |
| Turkey | 74.0 | 79.8 | 18.9 | 73.8 | -0.1% |
| Czech Republic | 292 | 250 | 174 | 71.9 | -37.3% |
| Others | 38.4 | 317 | 547 | 251 | 87.0% |
| Total | 3,397 | 2,682 | 3,039 | 3,811 | 3.9% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to the United Arab Emirates in 2022:
- China (2533.7 tons)
- Malaysia (249.5 tons)
- India (96.4 tons)
- United Kingdom (78.3 tons)
- Turkey (48.5 tons)
- Czech Republic (43.4 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates
Exports of steel alloy wire of silico-manganese steels from the United Arab Emirates dropped to 59 tons in 2022, which is down by -10.8% compared with 2021. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 27%.
In value terms, exports of steel alloy wire of silico-manganese steels fell to $70K in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 30%.
| Export of Steel Alloy Wire of Silico-Manganese Steel in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 72.4 | 51.5 | 72.9 | 55.8 | -8.3% |
| Rwanda | N/A | N/A | N/A | 4.2 | 0% |
| Zambia | N/A | N/A | 0.2 | 2.3 | 1050.0% |
| Netherlands | N/A | N/A | N/A | 1.9 | 0% |
| Tanzania | 25.5 | N/A | N/A | 0.3 | -77.3% |
| South Africa | N/A | 9.3 | N/A | N/A | 0% |
| Others | N/A | 0.2 | 6.4 | 5.7 | 433.9% |
| Total | 98.0 | 61.0 | 79.5 | 70.2 | -10.5% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from the United Arab Emirates in 2022:
- Oman (51.7 tons)
- Netherlands (2.1 tons)
- Rwanda (2.1 tons)
- Zambia (1.5 tons)
- Tanzania (1.1 tons)
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