Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates (FOB) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $678 per ton, dropping by -14.5% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices attained the maximum at $1,047 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($935 per ton), while the average price for exports to Taiwan (Chinese) ($135 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 Myanmar (+20.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,758 per ton in 2022, jumping by 70% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($2,409 per ton), while the price for Oman ($249 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates
In 2022, approx. 44K tons of iron or non-alloy steel wire, not plated or coateds were exported from the United Arab Emirates; jumping by 859% on 2021. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds soared to $30M in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 0.7 | 0.7 | 2.7 | 24.7 | 228.0% |
| Saudi Arabia | 0.5 | 0.2 | 0.1 | 1.1 | 30.1% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.5 | 0.8 | 100.0% |
| Kuwait | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Myanmar | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Others | 0.2 | 0.2 | 0.2 | 2.5 | 132.1% |
| Total | 2.2 | 1.3 | 3.6 | 29.7 | 138.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from the United Arab Emirates in 2022:
- Oman (33.9K tons)
- Taiwan (Chinese) (6.1K tons)
- Saudi Arabia (1.2K tons)
- Kuwait (0.6K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates
In 2022, imports of iron or non-alloy steel wire, not plated or coateds into the United Arab Emirates reduced modestly to 9.7K tons, declining by -3.7% against 2021. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 7.9% against the previous year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds skyrocketed to $17M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 4.5 | 2.4 | 6.5 | 5.1% |
| India | 1.9 | 1.9 | 4.9 | 6.1 | 47.5% |
| South Africa | 0.3 | 0.3 | 0.7 | 1.0 | 49.4% |
| Spain | 1.3 | 1.4 | 0.6 | 1.0 | -8.4% |
| Vietnam | 0.3 | 0.3 | N/A | 0.6 | 26.0% |
| Turkey | 2.5 | 2.1 | 0.6 | 0.4 | -45.7% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Tunisia | 0.6 | 0.3 | 0.1 | 0.1 | -45.0% |
| Oman | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.4 | 1.0 | 0.9 | 1.2 | -5.0% |
| Total | 13.8 | 11.8 | 10.4 | 17.0 | 7.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to the United Arab Emirates in 2022:
- China (4030.3 tons)
- India (3111.8 tons)
- South Africa (536.3 tons)
- Spain (412.2 tons)
- Oman (342.0 tons)
- Vietnam (286.9 tons)
- United States (198.9 tons)
- Turkey (167.5 tons)
- Tunisia (30.0 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
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This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
457
This report provides an in-depth analysis of the market for iron and steel wire in the United Arab Emirates.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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