Price for Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates
- Imports of Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates
Price for Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $2,140 per ton, rising by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 190% against the previous year. Over the period under review, the average export prices hit record highs at $6,925 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($9,352 per ton), while the average price for exports to Qatar ($1,101 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 Oman (-5.8%), while the prices for the other major destinations experienced a decline.
Price for Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $5,967 per ton in 2022, waning by -69.4% against the previous year. In general, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 1,701%. As a result, import price attained the peak level of $19,479 per ton, and then dropped sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($15,108 per ton), while the price for Qatar ($603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates
In 2022, approx. 2.6K tons of steel, stainless; ingots and other primary formses were exported from the United Arab Emirates; growing by 35,670% against 2021 figures. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; ingots and other primary formses soared to $5.5M in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.5 | N/A | N/A | 4,375 | 701.4% |
| Netherlands | N/A | N/A | N/A | 698 | 0% |
| Oman | 20.1 | 149 | 12.0 | 60.1 | 44.1% |
| Qatar | N/A | N/A | N/A | 42.3 | 0% |
| Singapore | 99.5 | 75.8 | N/A | N/A | -23.8% |
| Others | 49.4 | 40.7 | 0.8 | 295 | 81.4% |
| Total | 177 | 266 | 12.8 | 5,471 | 213.8% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from the United Arab Emirates in 2022:
- India (2380.2 tons)
- Netherlands (74.7 tons)
- Qatar (38.5 tons)
- Oman (34.9 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates
In 2022, overseas purchases of steel, stainless; ingots and other primary formses increased by 962% to 82 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a dramatic decline.
In value terms, imports of steel, stainless; ingots and other primary formses skyrocketed to $487K in 2022. In general, imports, however, faced a precipitous shrinkage.
| Import of Steel, Stainless; Ingots and Other Primary Forms in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 1.2 | N/A | 230 | 1284.4% |
| Italy | 1,355 | 1.3 | 9.4 | 78.2 | -61.4% |
| Qatar | N/A | N/A | N/A | 26.8 | 0% |
| Australia | N/A | N/A | N/A | 25.7 | 0% |
| India | 18.2 | N/A | N/A | 17.2 | -1.9% |
| Lebanon | N/A | N/A | N/A | 4.8 | 0% |
| Sweden | N/A | 52.2 | N/A | N/A | 0% |
| Azerbaijan | N/A | 43.2 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 66.8 | N/A | N/A | 0% |
| Ghana | 224 | N/A | N/A | N/A | 0% |
| Others | 244 | 123 | 140 | 104 | -24.7% |
| Total | 1,840 | 288 | 150 | 487 | -35.8% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to the United Arab Emirates in 2022:
- Qatar (44.4 tons)
- China (15.2 tons)
- Italy (11.9 tons)
- India (2.9 tons)
- Australia (2.0 tons)
- Lebanon (1.8 tons)
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