Latest Report Update: Sep 10, 2021

Saudi Arabia - Crude Steel And Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Saudi Arabia: Overview of the Market for Raw Steel And Steel Semi-Finished Products 2021

Webinar: Global Lithium Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global lithium carbonate market.

Thursday, September 30th, 2021 @ 10:00 am ET

Register Now

Market Size for Raw Steel And Steel Semi-Finished Products in Saudi Arabia

After two years of growth, the Saudi market for raw steel and steel semi-finished products decreased by -X% to $X in 2020. Over the period under review, consumption, however, showed a slight decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Saudi Arabia

In value terms, production of raw steel and steel semi-finished products dropped sharply to $X in 2020 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. Production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Saudi Arabia

For the fifth consecutive year, Saudi Arabia recorded growth in overseas shipments of raw steel and steel semi-finished products, which increased by X% to X tonnes in 2020. Over the period under review, exports recorded a resilient expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of raw steel and steel semi-finished products soared to $X in 2020. In general, exports posted a moderate expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X tonnes) was the main destination for exports of raw steel and steel semi-finished products from Saudi Arabia, accounting for a X% share of total exports. Moreover, exports of raw steel and steel semi-finished products to Jordan exceeded the volume sent to the second major destination, Bahrain (X tonnes), sevenfold. India (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Jordan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and India (+X% per year).

In value terms, Jordan ($X) remains the key foreign market for raw steel and steel semi-finished products exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Jordan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and India (+X% per year).

Export Prices by Country

The average export price for raw steel and steel semi-finished products stood at $X per tonne in 2020, which is down by -X% against the previous year. Overall, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Jordan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced a decline.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Saudi Arabia

Imports of raw steel and steel semi-finished products into Saudi Arabia plummeted to X kg in 2020, declining by -X% compared with 2019. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, imports of raw steel and steel semi-finished products reduced remarkably to $X in 2020. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

Oman (X tonnes), Kuwait (X tonnes) and Turkey (X tonnes) were the main suppliers of imports of raw steel and steel semi-finished products to Saudi Arabia, together accounting for X% of total imports. Moreover, imports of raw steel and steel semi-finished products in Oman exceeded the figures recorded by the second-largest supplier, Kuwait, fivefold.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (+X% per year), while imports for the other leaders experienced mixed trend patterns.

In value terms, Oman ($X), Kuwait ($X) and Turkey ($X) were the largest raw steel and steel semi-finished products suppliers to Saudi Arabia, together accounting for X% of total imports. Moreover, imports of raw steel and steel semi-finished products in Oman exceeded the figures recorded by the second-largest supplier, Kuwait, eightfold.

Oman (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average import price for raw steel and steel semi-finished products amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Oman ($X per tonne), while the price for Kuwait ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kuwait, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw steel and steel semi-finished products in the world?
+
China (1,065M tonnes) remains the largest raw steel and steel semi-finished products consuming country worldwide, comprising approx. 57% of total volume. Moreover, consumption of raw steel and steel semi-finished products in China exceeded the figures recorded by the second-largest consumer, India (97M tonnes), more than tenfold. The third position in this ranking was occupied by Japan (79M tonnes), with a 4.2% share.
What are the largest producers of raw steel and steel semi-finished products in the world?
+
The country with the largest volume of production of raw steel and steel semi-finished products was China (1,065M tonnes), comprising approx. 56% of total volume. Moreover, production of raw steel and steel semi-finished products in China exceeded the figures recorded by the second-largest producer, India (100M tonnes), more than tenfold. The third position in this ranking was occupied by Japan (83M tonnes), with a 4.4% share.
What are the leading suppliers of raw steel and steel semi-finished products to Saudi Arabia?
+
In value terms, the largest raw steel and steel semi-finished products suppliers to Saudi Arabia were Oman ($200M), Kuwait ($25M) and Turkey ($16M), together comprising 75% of total imports. Moreover, imports of raw steel and steel semi-finished products in Oman exceeded the figures recorded by the second-largest supplier, Kuwait, eightfold.
What are the leading importers of raw steel and steel semi-finished products from Saudi Arabia?
+
In value terms, Jordan ($37M) remains the key foreign market for raw steel and steel semi-finished products exports from Saudi Arabia, comprising 62% of total exports. The second position in the ranking was occupied by Bahrain ($9.4M), with a 16% share of total exports. It was followed by India, with a 9.6% share.
What is the average export price for raw steel and steel semi-finished products in Saudi Arabia?
+
In 2020, the average export price for raw steel and steel semi-finished products amounted to $423 per tonne, declining by -35.6% against the previous year.
What is the average import price for raw steel and steel semi-finished products in Saudi Arabia?
+
In 2020, the average import price for raw steel and steel semi-finished products amounted to $0 per tonne, reducing by -100% against the previous year.

Product coverage:

This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Saudi Arabia. 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 2025.


Country coverage:
• Saudi Arabia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Saudi Arabia
• 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
• Find deeper insights into current market developments
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global Lithium Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global lithium carbonate market.



Thursday, September 30th, 2021 @ 10:00 am ET


Register

Webinar: Global Recovered Paper Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global recovered paper market.



Thursday, October 7th, 2021 @ 10:00 am ET


Register

Webinar: Global Biomass Market - Statistics, Regulation, and Outlook



Join our live webinar to get insights into the global biomass market.



Thursday, October 14th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data