Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates - 2022
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $4,856 per ton, growing by 23% against the previous year. In general, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $10,055 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($13,903 per ton), while the price for China ($1,634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $10,295 per ton, growing by 26% against the previous year. Over the period under review, the export price saw a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 146% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($63,433 per ton), while the average price for exports to Pakistan ($915 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 Kazakhstan (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates
Imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia into the United Arab Emirates soared to 4.3K tons in 2022, growing by 79% on the previous year's figure. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.8% against 2020 indices.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia soared to $21M in 2022. Overall, imports, however, showed a mild slump.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.4 | 5.2 | 0.6 | 6.4 | 23.5% |
| China | 3.4 | 6.2 | 1.1 | 3.7 | 2.9% |
| Japan | 4.8 | 2.6 | 2.5 | 2.1 | -24.1% |
| Italy | 0.6 | 0.7 | 0.4 | 1.8 | 44.2% |
| France | 0.5 | 0.3 | 0.5 | 1.8 | 53.3% |
| South Korea | 3.9 | 1.7 | 1.2 | 1.8 | -22.7% |
| United States | 0.5 | 0.1 | 0.5 | 1.3 | 37.5% |
| Saudi Arabia | N/A | 0.6 | N/A | N/A | 0% |
| Others | 5.0 | 2.3 | 2.8 | 2.1 | -25.1% |
| Total | 22.1 | 19.7 | 9.5 | 21.0 | -1.7% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to the United Arab Emirates in 2022:
- China (2244.5 tons)
- Spain (638.6 tons)
- Japan (386.3 tons)
- South Korea (381.9 tons)
- France (196.9 tons)
- Italy (182.1 tons)
- United States (113.0 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates
In 2022, overseas shipments of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia were finally on the rise to reach 1.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt decrease.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia soared to $13M in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 2.0 | 3.4 | 1.4 | 12.2 | 82.7% |
| Pakistan | N/A | N/A | N/A | 0.1 | 0% |
| South Korea | N/A | N/A | N/A | N/A | 0% |
| India | 3.0 | N/A | N/A | N/A | 0% |
| Iran | N/A | 0.6 | 1.5 | N/A | 150.0% |
| Saudi Arabia | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | 0.4 | 0.2 | 1.2 | 0.5 | 7.7% |
| Total | 5.4 | 4.3 | 4.2 | 12.7 | 33.0% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from the United Arab Emirates in 2022:
- Oman (1110.6 tons)
- Pakistan (56.9 tons)
- South Korea (22.9 tons)
- India (3.9 tons)
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