Report Update: May 1, 2024

United Arab Emirates - Iron Or Steel Plaited Bands And Slings - Market Analysis, Forecast, Size, Trends And Insights

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Steel Plaited Band Price in the United Arab Emirates - 2021

Steel Plaited Band Price in the United Arab Emirates (FOB) - 2022

The average steel plaited band export price stood at $2,339 per ton in 2022, increasing by 3.3% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2017 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,074 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Georgia ($4,368 per ton), while the average price for exports to Tanzania ($401 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 Bahrain (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Price in the United Arab Emirates (CIF) - 2022

The average steel plaited band import price stood at $3,168 per ton in 2022, stabilizing at the previous year. In general, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the peak figure at $5,046 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 the UK ($7,104 per ton), while the price for India ($2,033 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced a decline.

Steel Plaited Band Exports in the United Arab Emirates

In 2022, shipments abroad of iron or steel plaited bands and slings decreased by -6.6% to 1.9K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 23%. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, steel plaited band exports fell modestly to $4.5M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 7.5% against the previous year. As a result, the exports reached the peak of $4.6M, and then contracted modestly in the following year.

Export of Steel Plaited Band in the United Arab Emirates (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	1.1	2.4	47.6	1,119	905.7%
India	1,039	869	1,360	214	-40.9%
Azerbaijan	51.1	27.5	18.1	134	37.9%
Georgia	14.4	10.2	6.3	77.6	75.3%
Ukraine	N/A	N/A	N/A	70.2	0%
Niger	0.5	N/A	N/A	60.3	394.1%
Egypt	61.3	508	9.0	59.8	-0.8%
Bahrain	14.1	0.8	38.2	46.5	48.8%
Uzbekistan	N/A	N/A	N/A	41.9	0%
Montenegro	N/A	N/A	0.3	38.3	12666.7%
Tanzania	18.1	41.5	1.0	27.6	15.1%
Oman	595	540	1,090	N/A	35.3%
Saudi Arabia	1,549	1,047	1,303	N/A	-8.3%
Others	729	1,259	756	2,578	52.4%
Total	4,074	4,305	4,628	4,467	3.1%

Top Export Markets for Steel Plaited Band from the United Arab Emirates in 2022:

Netherlands (506.8 tons)
India (72.5 tons)
Tanzania (68.8 tons)
Azerbaijan (63.8 tons)
Niger (38.7 tons)
Egypt (23.9 tons)
Georgia (17.8 tons)
Uzbekistan (17.7 tons)
Bahrain (16.2 tons)
Ukraine (16.2 tons)
Montenegro (16.2 tons)

Steel Plaited Band Imports in the United Arab Emirates

In 2022, approx. 2.8K tons of iron or steel plaited bands and slings were imported into the United Arab Emirates; dropping by -30.1% on the previous year's figure. In general, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 150% against the previous year. As a result, imports reached the peak of 4K tons, and then declined sharply in the following year.

In value terms, steel plaited band imports contracted notably to $8.9M in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 155% against the previous year. As a result, imports reached the peak of $13M, and then shrank markedly in the following year.

Import of Steel Plaited Band in the United Arab Emirates (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,080	999	442	2,153	25.9%
India	2,610	928	7,132	1,293	-20.9%
United States	51.1	57.2	82.5	277	75.7%
United Kingdom	185	217	190	251	10.7%
Italy	13.0	3.7	7.1	140	120.8%
Indonesia	652	557	1,066	N/A	27.9%
Oman	467	567	39.5	N/A	-70.9%
Saudi Arabia	135	387	1,018	N/A	174.6%
Others	2,397	1,318	2,837	4,810	26.1%
Total	7,590	5,035	12,814	8,924	5.5%

Top Suppliers of Steel Plaited Band to the United Arab Emirates in 2022:

China (787.8 tons)
India (636.3 tons)
United States (45.7 tons)
United Kingdom (35.4 tons)
Italy (29.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel plaited band market in the United Arab Emirates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)

Country coverage:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023