United Arab Emirates - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in the United Arab Emirates - 2021
Contents:
- Iron and Steel Price in the United Arab Emirates (CIF) - 2022
- Iron and Steel Price in the United Arab Emirates (FOB) - 2022
- Iron and Steel Imports in the United Arab Emirates
- Iron and Steel Exports in the United Arab Emirates
Iron and Steel Price in the United Arab Emirates (CIF) - 2022
In 2022, the average iron and steel import price amounted to $440 per ton, waning by -13.4% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42%. The import price peaked at $554 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($496 per ton), while the price for Oman ($363 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron and Steel Price in the United Arab Emirates (FOB) - 2022
The average iron and steel export price stood at $560 per ton in 2022, shrinking by -2.1% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices attained the maximum at $1,356 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($1,857 per ton), while the average price for exports to Tanzania ($253 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 Iran (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Iron and Steel Imports in the United Arab Emirates
In 2022, after three years of growth, there was significant decline in overseas purchases of iron and steel, when their volume decreased by -8.9% to 221K tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 125% against the previous year.
In value terms, iron and steel imports shrank significantly to $97M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 121% against the previous year.
Import of Iron and Steel in the United Arab Emirates (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | 18.3 | 46.2 | 73.2 | 65.2 | 52.7% |
India | 0.4 | 1.0 | 17.1 | 15.2 | 236.2% |
Oman | 0.5 | 8.2 | 3.1 | 6.5 | 135.1% |
Russia | N/A | N/A | 5.6 | N/A | 0% |
Saudi Arabia | N/A | 5.8 | 9.7 | N/A | 67.2% |
Bahrain | 9.6 | N/A | N/A | N/A | 0% |
Others | 3.5 | 10.3 | 14.7 | 10.6 | 44.7% |
Total | 32.3 | 71.5 | 123 | 97.5 | 44.5% |
Top Suppliers of Iron and Steel to the United Arab Emirates in 2022:
- Ukraine (167.2K tons)
- India (30.7K tons)
- Oman (17.8K tons)
Iron and Steel Exports in the United Arab Emirates
Iron and steel exports from the United Arab Emirates declined dramatically to 21K tons in 2022, reducing by -41.1% against 2021 figures. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 461% against the previous year. As a result, the exports reached the peak of 36K tons, and then fell rapidly in the following year.
In value terms, iron and steel exports fell dramatically to $12M in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 551% against the previous year. As a result, the exports reached the peak of $20M, and then reduced rapidly in the following year.
Export of Iron and Steel in the United Arab Emirates (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Oman | 776 | 80.7 | 167 | 977 | 8.0% |
Saudi Arabia | 957 | 113 | 528 | 859 | -3.5% |
Burundi | 2,498 | 980 | 2.1 | 700 | -34.6% |
India | 35.2 | 0.8 | 273 | 439 | 131.9% |
France | 656 | 104 | 116 | 189 | -34.0% |
Nigeria | N/A | 16.9 | 251 | N/A | 1385.2% |
China | N/A | 1,363 | 1,966 | N/A | 44.2% |
El Salvador | 485 | N/A | N/A | N/A | 0% |
Others | 519 | 474 | 17,096 | 8,601 | 155.0% |
Total | 5,926 | 3,133 | 20,398 | 11,765 | 25.7% |
Top Export Markets for Iron and Steel from the United Arab Emirates in 2022:
- Oman (2.1K tons)
- Burundi (1.7K tons)
- India (0.7K tons)
- Saudi Arabia (0.5K tons)
- France (0.5K tons)
This report provides an in-depth analysis of the iron and 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 2030.
Product coverage:
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:
- 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
This report provides an in-depth analysis of the iron and steel market in the United Arab Emirates.
This report provides an in-depth analysis of the pig iron market in the United Arab Emirates.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the global pig iron market.
This report provides an in-depth analysis of the iron and steel market in the United Arab Emirates.
This report provides an in-depth analysis of the pig iron market in the United Arab Emirates.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the global pig iron market.
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...