Saudi Arabia - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSaudi Arabia: Hot-Rolled Free-Cutting Steel Market 2024
Hot-Rolled Free-Cutting Steel Market Size in Saudi Arabia
In 2022, after two years of growth, there was significant decline in the Saudi hot-rolled free-cutting steel market, when its value decreased by X% to $X. In general, consumption, however, saw resilient growth. Hot-rolled free-cutting steel consumption peaked at $X in 2021, and then dropped remarkably in the following year.
Hot-Rolled Free-Cutting Steel Production in Saudi Arabia
In value terms, hot-rolled free-cutting steel production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.
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Hot-Rolled Free-Cutting Steel Exports
Exports from Saudi Arabia
In 2022, approx. X tons of hot-rolled bars in free-cutting steels were exported from Saudi Arabia; with a decrease of X% against the year before. Over the period under review, exports faced a significant contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, hot-rolled free-cutting steel exports declined to $X in 2022. In general, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Bahrain (X tons) was the main destination for hot-rolled free-cutting steel exports from Saudi Arabia, accounting for a approx. X% share of total exports.
From 2018 to 2022, the average annual rate of growth in terms of volume to Bahrain was relatively modest.
From 2018 to 2022, the average annual growth rate of value to Bahrain was relatively modest.
Export Prices by Country
In 2022, the average hot-rolled free-cutting steel export price amounted to $X per ton, with a decrease of X% against the previous year. Over the last four-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2018 to 2022, the rate of growth in terms of prices for Egypt amounted to X% per year.
Hot-Rolled Free-Cutting Steel Imports
Imports into Saudi Arabia
Hot-rolled free-cutting steel imports into Saudi Arabia reduced dramatically to X tons in 2021, which is down by X% on the previous year's figure. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then declined dramatically in the following year.
In value terms, hot-rolled free-cutting steel imports fell significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2020, and then shrank notably in the following year.
Imports by Country
In 2021, the United Arab Emirates (X tons) was the main hot-rolled free-cutting steel supplier to Saudi Arabia, accounting for a approx. X% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Saudi Arabia.
From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled X%.
Import Prices by Country
In 2021, the average hot-rolled free-cutting steel import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, recorded a perceptible reduction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.
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Frequently Asked Questions (FAQ) :
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 2030.
Product coverage:
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
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:
- 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
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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