Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia - 2022
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia (FOB) - 2022
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia (CIF) - 2022
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia (FOB) - 2022
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $5,273 per ton in 2021, shrinking by -62.4% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 316%. As a result, the export price attained the peak level of $35,671 per ton. From 2016 to 2021, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($23,077 per ton), while the average price for exports to India ($2,966 per ton) was amongst the lowest.
From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+1,343.1%).
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia (CIF) - 2022
In 2021, the average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $12,850 per ton, growing by 76% against the previous year. Over the period under review, the import price showed a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 261% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.
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 United States ($31,604 per ton), while the price for India ($6,721 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia
In 2022, approx. 24 tons of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia were exported from Saudi Arabia; waning by -72.4% against 2021 figures. Over the period under review, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 when exports increased by 618% against the previous year. As a result, the exports attained the peak of 87 tons, and then fell remarkably in the following year.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia shrank dramatically to $249K in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 170% against the previous year. As a result, the exports reached the peak of $456K, and then fell dramatically in the following year.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | N/A | N/A | 157 | 0% | |
| United Arab Emirates | 34.6 | 110 | 109 | 77.5% | |
| South Korea | N/A | N/A | 55.7 | 0% | |
| Kuwait | N/A | 15.8 | 30.5 | 93.0% | |
| Bahrain | 3.7 | 21.4 | 1.0 | -48.0% | |
| Others | 278 | 21.7 | 103 | -39.1% | |
| Total | 316 | 169 | 456 | 20.1% | |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Saudi Arabia in 2022:
- India (53.0 tons)
- United Arab Emirates (27.7 tons)
- South Korea (2.4 tons)
- Kuwait (2.2 tons)
- Bahrain (0.1 tons)
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia
In 2021, approx. 2K tons of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia were imported into Saudi Arabia; declining by -21.3% compared with the year before. In general, imports recorded a sharp downturn.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia skyrocketed to $26M in 2021. Overall, imports showed a drastic downturn.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Sweden | 6.3 | 3.0 | 10.5 | 29.1% | |
| China | 4.0 | 7.3 | 8.8 | 48.3% | |
| United States | 2.3 | 1.0 | 2.2 | -2.2% | |
| India | 3.9 | 1.6 | 1.2 | -44.5% | |
| Spain | 4.2 | 1.2 | 0.7 | -59.2% | |
| Japan | 0.7 | 0.4 | 0.6 | -7.4% | |
| South Korea | 8.3 | N/A | 0.3 | -81.0% | |
| Indonesia | 0.8 | 1.5 | N/A | 87.5% | |
| Taiwan (Chinese) | 1.0 | 0.3 | N/A | -70.0% | |
| Ukraine | 1.1 | 0.5 | N/A | -54.5% | |
| Others | 3.7 | 1.8 | 1.4 | -38.5% | |
| Total | 36.4 | 18.7 | 25.9 | -15.6% | |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Saudi Arabia in 2022:
- China (1119.2 tons)
- Sweden (363.7 tons)
- India (185.6 tons)
- Spain (99.4 tons)
- Japan (79.7 tons)
- United States (70.2 tons)
- South Korea (30.1 tons)
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