Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates - 2022
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates (CIF) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $1,139 per ton, growing by 12% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $1,387 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1,765 per ton), while the price for Thailand ($801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $548 per ton, remaining constant against the previous year. Over the period under review, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2016 an increase of 36%. The export price peaked at $1,006 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Ghana ($790 per ton), while the average price for exports to Zambia ($360 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 Sri Lanka (+2.4%), while the prices for the other major destinations experienced a decline.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates
In 2022, imports of steel alloy wire of materials other than silico-manganese steels into the United Arab Emirates fell modestly to 9.8K tons, declining by -1.6% against the previous year. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 3.3%.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels rose significantly to $11M in 2022. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.1 | 0.2 | 1.5 | 4.0 | 53.8% |
| Thailand | 1.3 | 0.3 | 1.5 | 3.9 | 44.2% |
| Czech Republic | 0.9 | 0.1 | 0.4 | 0.7 | -8.0% |
| China | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
| South Korea | 0.6 | 0.1 | 0.2 | 0.5 | -5.9% |
| France | 0.2 | N/A | 0.2 | 0.4 | 26.0% |
| Turkey | 0.4 | 0.1 | 0.1 | 0.2 | -20.6% |
| Saudi Arabia | 6.2 | 7.7 | 5.5 | N/A | -5.8% |
| Others | 0.9 | 0.2 | 0.6 | 0.8 | -3.9% |
| Total | 11.7 | 8.7 | 10.2 | 11.2 | -1.4% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to the United Arab Emirates in 2022:
- Thailand (4.9K tons)
- India (2.9K tons)
- China (0.6K tons)
- Czech Republic (0.5K tons)
- South Korea (0.3K tons)
- Turkey (0.2K tons)
- France (0.2K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates
In 2022, exports of steel alloy wire of materials other than silico-manganese steels from the United Arab Emirates was estimated at 14K tons, approximately reflecting the year before. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 6%. As a result, the exports attained the peak of 14K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels expanded slightly to $7.6M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.9%. As a result, the exports reached the peak of $7.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 0.9 | 0.6 | 0.1 | 2.1 | 32.6% |
| Nigeria | N/A | N/A | 0.1 | 1.7 | 1600.0% |
| Ghana | N/A | N/A | N/A | 1.6 | 0% |
| India | 0.2 | 0.5 | 0.1 | 1.3 | 86.6% |
| Tanzania | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Zambia | 0.5 | N/A | N/A | 0.3 | -15.7% |
| Sri Lanka | N/A | 2.7 | 1.1 | N/A | -59.3% |
| Egypt | N/A | N/A | 4.0 | N/A | 0% |
| Iran | 5.2 | 3.8 | 1.7 | N/A | -42.8% |
| Others | 0.4 | 0.1 | 0.4 | 0.1 | -37.0% |
| Total | 7.2 | 7.7 | 7.4 | 7.6 | 1.8% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from the United Arab Emirates in 2022:
- Oman (3.4K tons)
- India (3.3K tons)
- Nigeria (2.9K tons)
- Ghana (2.0K tons)
- Tanzania (1.3K tons)
- Zambia (0.7K tons)
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