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

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Hot-Rolled Free-Cutting Steel Market Size in the United Arab Emirates

The hot-rolled free-cutting steel market in the United Arab Emirates rose significantly to $X in 2020, picking up by X% against the previous year. In general, the total consumption indicated a slight increase 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, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2020, the growth of the market remained at a lower figure.

Hot-Rolled Free-Cutting Steel Production in the United Arab Emirates

In value terms, hot-rolled free-cutting steel production soared to $X in 2020 estimated in export prices. In general, production showed a resilient expansion. The pace of growth appeared 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 2020, production growth failed to regain the momentum.

Hot-Rolled Free-Cutting Steel Exports

Exports from the United Arab Emirates

In 2020, hot-rolled free-cutting steel exports from the United Arab Emirates surged to X tonnes, picking up by X% compared with 2019 figures. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, hot-rolled free-cutting steel exports skyrocketed to $X in 2020. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Saudi Arabia (X tonnes) was the main destination for hot-rolled free-cutting steel exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, hot-rolled free-cutting steel exports to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X tonnes), sixfold. The third position in this ranking was occupied by Kuwait (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and Kuwait (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and Kuwait (+X% per year).

Export Prices by Country

In 2020, the average hot-rolled free-cutting steel export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were Kuwait ($X per tonne) and Saudi Arabia ($X per tonne), while the average price for exports to India ($X per tonne) and Oman ($X per tonne) were amongst the lowest.

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

Hot-Rolled Free-Cutting Steel Imports

Imports into the United Arab Emirates

In 2020, the amount of hot-rolled bars in free-cutting steels imported into the United Arab Emirates dropped to X tonnes, waning by -X% against the previous year's figure. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel imports declined to $X in 2020. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

Turkey (X tonnes), Oman (X tonnes) and China (X tonnes) were the main suppliers of hot-rolled free-cutting steel imports to the United Arab Emirates, with a combined X% share of total imports.

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

In value terms, the largest hot-rolled free-cutting steel suppliers to the United Arab Emirates were China ($X), Turkey ($X) and Oman ($X), with a combined X% share of total imports.

In terms of the main suppliers, Oman saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per tonne in 2020, falling by -X% against the previous year. Overall, the import price showed a noticeable contraction. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2010 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for Oman ($X per tonne) was amongst the lowest.

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

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 accounting for 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), with a combined 41% share of global production. These countries were followed by Japan, Germany, Russia, Saudi Arabia, France, the UK, Turkey, Iran, South Korea and Canada, which together accounted for a further 29%.
What are the leading suppliers of hot-rolled bars in free-cutting steels to the United Arab Emirates?
+
In value terms, China ($245K), Turkey ($132K) and Oman ($75K) constituted the largest hot-rolled free-cutting steel suppliers to the United Arab Emirates, together accounting for 86% of total imports.
What are the leading importers of hot-rolled bars in free-cutting steels from the United Arab Emirates?
+
In value terms, Saudi Arabia ($3.3M) remains the key foreign market for hot-rolled free-cutting steel exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was occupied by Bahrain ($557K), with a 13% share of total exports. It was followed by Kuwait, with a 4.4% share.
What is the average export price for hot-rolled bars in free-cutting steels in the United Arab Emirates?
+
The average hot-rolled free-cutting steel export price stood at $652 per tonne in 2020, increasing by 11% against the previous year.
What is the average import price for hot-rolled bars in free-cutting steels in the United Arab Emirates?
+
The average hot-rolled free-cutting steel import price stood at $536 per tonne in 2020, declining by -4.2% 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 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 2025.


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
• 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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