Stainless Steel Wire Price in the United Arab Emirates - 2021
Contents:
- Stainless Steel Wire Price in the United Arab Emirates (CIF) - 2022
- Stainless Steel Wire Price in the United Arab Emirates (FOB) - 2022
- Stainless Steel Wire Imports in the United Arab Emirates
- Stainless Steel Wire Exports in the United Arab Emirates
Stainless Steel Wire Price in the United Arab Emirates (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $5,058 per ton, with an increase of 6.1% against the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 110% against the previous year. The import price peaked at $5,418 per ton in 2020; however, from 2021 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 the Czech Republic ($20,754 per ton), while the price for Saudi Arabia ($3,192 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in the United Arab Emirates (FOB) - 2022
The average stainless steel wire export price stood at $958 per ton in 2022, with a decrease of -2.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 8.9% against the previous year. Over the period under review, the average export prices hit record highs at $1,021 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($797 per ton), while the average price for exports to Pakistan ($183 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 (+4.9%), while the prices for the other major destinations experienced a decline.
Stainless Steel Wire Imports in the United Arab Emirates
In 2022, imports of stainless steel wire into the United Arab Emirates contracted to 822 tons, falling by -9.7% against 2021. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 24%.
In value terms, stainless steel wire imports fell to $4.2M in 2022. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 9.1% against the previous year.
| Import of Stainless Steel Wire in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3,560 | 2,095 | 2,373 | 2,350 | -12.9% |
| Czech Republic | 300 | 541 | 90.7 | 593 | 25.5% |
| India | 228 | 342 | 331 | 268 | 5.5% |
| China | 98.1 | 94.9 | 159 | 129 | 9.6% |
| Others | 516 | 906 | 1,388 | 820 | 16.7% |
| Total | 4,702 | 3,979 | 4,340 | 4,159 | -4.0% |
Top Suppliers of Stainless Steel Wire to the United Arab Emirates in 2022:
- Saudi Arabia (736.2 tons)
- Czech Republic (28.6 tons)
- India (18.5 tons)
- China (11.4 tons)
Stainless Steel Wire Exports in the United Arab Emirates
In 2022, approx. 19K tons of stainless steel wire were exported from the United Arab Emirates; with a decrease of -18.7% compared with the year before. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 60%.
In value terms, stainless steel wire exports dropped dramatically to $18M in 2022. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year.
| Export of Stainless Steel Wire in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.1 | 3.3 | 7.5 | 7.1 | -16.3% |
| Oman | 6.1 | 3.9 | 4.2 | 4.0 | -13.1% |
| Germany | 4.4 | 2.2 | 3.2 | 3.1 | -11.0% |
| Mexico | 0.2 | 0.7 | 0.5 | 0.5 | 35.7% |
| Pakistan | 0.6 | 0.1 | 0.3 | 0.3 | -20.6% |
| India | 0.7 | 0.1 | 0.3 | 0.3 | -24.6% |
| Iraq | 0.9 | 0.3 | 0.1 | 0.3 | -30.7% |
| Netherlands | 1.5 | 0.1 | 0.1 | 0.2 | -48.9% |
| Iran | 0.7 | 0.2 | 0.2 | 0.2 | -34.1% |
| Others | 5.1 | 2.5 | 6.4 | 2.3 | -23.3% |
| Total | 32.3 | 13.5 | 23.0 | 18.3 | -17.3% |
Top Export Markets for Stainless Steel Wire from the United Arab Emirates in 2022:
- United States (8.9K tons)
- Oman (5.1K tons)
- Germany (4.4K tons)
- Pakistan (1.7K tons)
- Mexico (0.9K tons)
- India (0.6K tons)
- Netherlands (0.3K tons)
- Iran (0.3K tons)
- Iraq (0.1K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
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This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
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