United Arab Emirates: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the United Arab Emirates

After three years of decline, the market for ribbed or other deformed wire rod of non-alloy steel in the United Arab Emirates increased by X% to $X in 2022. In general, consumption recorded a perceptible increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the United Arab Emirates

In value terms, deformed non-alloy steel wire rod production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Deformed non-alloy steel wire rod production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from the United Arab Emirates

In 2022, shipments abroad of ribbed or other deformed wire rod of non-alloy steel decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports shrank notably to $X in 2022. Over the period under review, exports saw a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X tons), Oman (X tons) and Djibouti (X tons) were the main destinations of deformed non-alloy steel wire rod exports from the United Arab Emirates, together comprising X% of total exports. Somalia, Italy, Ethiopia, Kenya and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Oman ($X) and Djibouti ($X) constituted the largest markets for deformed non-alloy steel wire rod exported from the United Arab Emirates worldwide, with a combined X% share of total exports. Somalia, Italy, Ethiopia, Kenya and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Kenya, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Somalia ($X 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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into the United Arab Emirates

In 2022, supplies from abroad of ribbed or other deformed wire rod of non-alloy steel decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a precipitous setback. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports fell dramatically to $X in 2022. Overall, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Oman (X tons) constituted the largest supplier of deformed non-alloy steel wire rod to the United Arab Emirates, accounting for a X% share of total imports. Moreover, deformed non-alloy steel wire rod imports from Oman exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Oman amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (X% per year).

In value terms, the largest deformed non-alloy steel wire rod suppliers to the United Arab Emirates were the United States ($X), China ($X) and Oman ($X), together comprising X% of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price saw buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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