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Saudi Arabia - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
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Saudi Arabia: Hot-Rolled Free-Cutting Steel Market Overview 2021

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Hot-Rolled Free-Cutting Steel Market Size in Saudi Arabia

The Saudi hot-rolled free-cutting steel market reduced to $X in 2020, shrinking by -X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2009 to 2020, the growth of the market remained at a lower figure.

Hot-Rolled Free-Cutting Steel Production in Saudi Arabia

In value terms, hot-rolled free-cutting steel production amounted to $X in 2020 estimated in export prices. Overall, the total production indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2011 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Hot-rolled free-cutting steel production peaked in 2020 and is expected to retain growth in the near future.

Hot-Rolled Free-Cutting Steel Exports

Exports from Saudi Arabia

In 2020, shipments abroad of hot-rolled bars in free-cutting steels was finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. Overall, exports enjoyed a buoyant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled free-cutting steel exports surged to $X in 2020. Over the period under review, exports showed prominent growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tonnes) was the main destination for hot-rolled free-cutting steel exports from Saudi Arabia, with a X% share of total exports. Moreover, hot-rolled free-cutting steel exports to Egypt exceeded the volume sent to the second major destination, Bahrain (X tonnes), sevenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Egypt totaled +X%.

In value terms, Egypt ($X) remains the key foreign market for hot-rolled free-cutting steel exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Egypt totaled +X%.

Export Prices by Country

In 2020, the average hot-rolled free-cutting steel export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was Bahrain ($X per tonne), while the average price for exports to Egypt amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain.

Hot-Rolled Free-Cutting Steel Imports

Imports into Saudi Arabia

In 2020, the amount of hot-rolled bars in free-cutting steels imported into Saudi Arabia contracted to X tonnes, which is down by -X% against 2019. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel imports contracted to $X in 2020. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the United Arab Emirates (X tonnes) constituted the largest hot-rolled free-cutting steel supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, hot-rolled free-cutting steel imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), fourfold.

From 2007 to 2020, the average annual growth rate of volume from the United Arab Emirates stood at +X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hot-rolled free-cutting steel to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from the United Arab Emirates stood at +X%.

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per tonne in 2020, waning by -X% against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Turkey ($X per tonne), while the price for the United Arab Emirates stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?
+
The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were China (852K tonnes), the U.S. (454K tonnes) and India (329K tonnes), with a combined 41% share of global consumption. Japan, Germany, Russia, Singapore, the UK, France, Turkey, Iran, South Korea and Italy lagged somewhat behind, together comprising a further 28%.
What are the largest producers of hot-rolled bars in free-cutting steels in the world?
+
The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were China (852K tonnes), the U.S. (435K tonnes) and India (330K tonnes), together comprising 41% of global production. Japan, Germany, Russia, Saudi Arabia, France, the UK, Turkey, Iran, South Korea and Canada lagged somewhat behind, together accounting for a further 29%.
What are the leading suppliers of hot-rolled bars in free-cutting steels to Saudi Arabia?
+
In value terms, the United Arab Emirates ($738K) constituted the largest supplier of hot-rolled free-cutting steel to Saudi Arabia, comprising 76% of total imports. The second position in the ranking was occupied by Turkey ($186K), with a 19% share of total imports.
What are the leading importers of hot-rolled bars in free-cutting steels from Saudi Arabia?
+
In value terms, Egypt ($30M) remains the key foreign market for hot-rolled free-cutting steel exports from Saudi Arabia, comprising 85% of total exports. The second position in the ranking was occupied by Bahrain ($4.6M), with a 13% share of total exports.
What is the average export price for hot-rolled bars in free-cutting steels in Saudi Arabia?
+
The average hot-rolled free-cutting steel export price stood at $549 per tonne in 2020, dropping by -5.6% against the previous year.
What is the average import price for hot-rolled bars in free-cutting steels in Saudi Arabia?
+
In 2020, the average hot-rolled free-cutting steel import price amounted to $574 per tonne, reducing by -2.1% against the previous year.

Product coverage:
• Prodcom 24106230 - Hot-rolled bars in free-cutting steels

This report provides an in-depth analysis of the hot-rolled free-cutting steel market 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

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