Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Saudi Arabia - 2022

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Saudi Arabia (FOB) - 2022
2. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Saudi Arabia

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Saudi Arabia (FOB) - 2022

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $4,544 per ton in 2021, picking up by 50% against the previous year. Over the period under review, the export price saw a moderate increase. The pace of growth was the most pronounced in 2018 an increase of 170% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,182 per ton), while the average price for exports to Bahrain stood at $511 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.1%), while the prices for the other major destinations experienced a decline.

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Saudi Arabia

In 2022, approx. 11 tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were exported from Saudi Arabia; which is down by -42% on the previous year's figure. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 333%.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s fell to $76K in 2022. In general, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 548%.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Saudi Arabia in 2022:

1. United Arab Emirates (69.5 tons)
2. Bahrain (0.9 tons)