Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates - 2022

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $3,527 per ton, with a decrease of -3.1% against the previous year. Overall, the import price, however, recorded a mild increase. The most prominent rate of growth was recorded in 2018 an increase of 132% against the previous year. As a result, import price reached the peak level of $8,477 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($47,514 per ton), while the price for India ($1,925 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $5,257 per ton, picking up by 20% against the previous year. Over the period under review, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 112%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($6,618 per ton), while the average price for exports to the Philippines ($291 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 Iran (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates

In 2022, overseas purchases of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -41.4% to 705 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of 1.2K tons, and then fell dramatically in the following year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s fell markedly to $2.5M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of $4.4M, and then contracted sharply in the following year.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to the United Arab Emirates in 2022:

1. China (602.0 tons)
2. India (78.6 tons)
3. South Africa (14.6 tons)
4. South Korea (0.4 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the United Arab Emirates

Exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from the United Arab Emirates fell notably to 89 tons in 2022, shrinking by -92.4% compared with 2021. In general, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of 1.2K tons, and then shrank rapidly in the following year.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s contracted notably to $467K in 2022. Over the period under review, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 244%. As a result, the exports reached the peak of $5.1M, and then reduced sharply in the following year.

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

1. Oman (52.7 tons)
2. India (19.1 tons)
3. Philippines (9.1 tons)
4. Seychelles (3.1 tons)
5. Trinidad and Tobago (3.1 tons)