Price for Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates - 2022

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates (CIF) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $7,850 per ton, reducing by -10.9% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2016 an increase of 41%. The import price peaked at $11,847 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($43,182 per ton), while the price for Oman ($4,019 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $7,004 per ton, with an increase of 46% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tubing; flexible, with or without fittings, of base metals increased by +85.7% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 80%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($10,773 per ton), while the average price for exports to Bahrain ($3,758 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 Uganda (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates

Imports of tubing; flexible, with or without fittings, of base metals into the United Arab Emirates dropped to 3.8K tons in 2022, reducing by -12.5% against 2021 figures. Over the period under review, imports saw a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by 24%. As a result, imports attained the peak of 4.3K tons, and then contracted in the following year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals fell markedly to $30M in 2022. Overall, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of $38M, and then reduced rapidly in the following year.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to the United Arab Emirates in 2022:

1. China (1857.3 tons)
2. India (882.5 tons)
3. Oman (229.2 tons)
4. United States (226.6 tons)
5. United Kingdom (176.6 tons)
6. Turkey (159.1 tons)
7. South Korea (91.8 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in the United Arab Emirates

In 2022, shipments abroad of tubing; flexible, with or without fittings, of base metals decreased by -14.9% to 683 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 14%. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of tubing; flexible, with or without fittings, of base metals surged to $4.8M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from the United Arab Emirates in 2022:

1. France (174.7 tons)
2. Oman (173.7 tons)
3. Morocco (119.3 tons)
4. Uzbekistan (37.8 tons)
5. Nigeria (33.9 tons)
6. Bahrain (30.1 tons)
7. Kuwait (15.8 tons)
8. United States (11.1 tons)

Source: IndexBox Market Intelligence Platform