Price for Iron or Steel; Cast Articles in the United Arab Emirates - 2021
Contents:
- Price for Iron or Steel; Cast Articles in the United Arab Emirates (CIF) - 2022
- Price for Iron or Steel; Cast Articles in the United Arab Emirates (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in the United Arab Emirates
- Exports of Iron or Steel; Cast Articles in the United Arab Emirates
Price for Iron or Steel; Cast Articles in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $1,897 per ton, rising by 11% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles import price decreased by -12.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 113%. As a result, import price attained the peak level of $2,817 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,938 per ton), while the price for Turkey ($1,237 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel; Cast Articles in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for iron or steel; cast articleses amounted to $4,024 per ton, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles export price increased by +152.2% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 69%. The export price peaked at $4,052 per ton in 2021, and then fell modestly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($7,388 per ton), while the average price for exports to South Africa ($964 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 Saudi Arabia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in the United Arab Emirates
In 2022, the amount of iron or steel; cast articleses imported into the United Arab Emirates dropped remarkably to 33K tons, waning by -16.2% on the previous year. Over the period under review, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of 39K tons, and then dropped remarkably in the following year.
In value terms, iron or steel; cast articles imports reduced to $62M in 2022. In general, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year.
| Import of Iron or Steel; Cast Articles in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.8 | 0.1 | 0.1 | 17.9 | 181.8% |
| Germany | 1.4 | 0.7 | 1.0 | 7.7 | 76.5% |
| Netherlands | 0.6 | 0.9 | 1.0 | 7.0 | 126.8% |
| United Kingdom | 1.5 | 1.3 | 1.3 | 6.6 | 63.9% |
| Portugal | N/A | N/A | 0.1 | 5.9 | 5800.0% |
| United States | 1.4 | 1.1 | 0.6 | 5.6 | 58.7% |
| Denmark | 0.1 | N/A | N/A | 2.0 | 171.4% |
| Thailand | 0.7 | 0.9 | 0.7 | N/A | 0.0% |
| China | 15.6 | 13.5 | 17.6 | N/A | 6.2% |
| India | 35.9 | 29.2 | 33.7 | N/A | -3.1% |
| Others | 11.3 | 9.3 | 10.3 | 8.9 | -7.6% |
| Total | 69.4 | 57.0 | 66.4 | 61.7 | -3.8% |
Top Suppliers of Iron or Steel; Cast Articles to the United Arab Emirates in 2022:
- Turkey (14.5K tons)
- United Kingdom (2.2K tons)
- Netherlands (1.2K tons)
- Germany (1.2K tons)
- Portugal (0.9K tons)
- United States (0.6K tons)
- Denmark (0.5K tons)
Exports of Iron or Steel; Cast Articles in the United Arab Emirates
In 2022, after two years of decline, there was significant growth in overseas shipments of iron or steel; cast articleses, when their volume increased by 6.3% to 20K tons. Overall, exports, however, faced a abrupt descent.
In value terms, iron or steel; cast articles exports expanded sharply to $78M in 2022. Over the period under review, exports, however, saw a abrupt decline.
| Export of Iron or Steel; Cast Articles in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 31.6 | 27.2 | 24.7 | 47.5 | 14.6% |
| Germany | 0.2 | 0.1 | 1.3 | 4.2 | 175.9% |
| Netherlands | 2.2 | 4.1 | 1.6 | 1.7 | -8.2% |
| Egypt | N/A | 0.3 | 0.2 | 1.4 | 116.0% |
| South Africa | N/A | N/A | N/A | 1.0 | 0% |
| Switzerland | N/A | 0.2 | 0.3 | 0.8 | 100.0% |
| Cyprus | N/A | 0.1 | 0.2 | 0.6 | 144.9% |
| Kuwait | 3.2 | 0.9 | 1.7 | N/A | -27.1% |
| Mauritius | 1.5 | N/A | N/A | N/A | 0% |
| Oman | 7.5 | 5.3 | 4.9 | N/A | -19.2% |
| Saudi Arabia | 3.8 | 3.3 | 2.8 | N/A | -14.2% |
| Bahrain | 2.7 | 2.2 | N/A | N/A | -18.5% |
| Others | 42.9 | 38.9 | 36.6 | 21.3 | -20.8% |
| Total | 95.6 | 82.6 | 74.4 | 78.5 | -6.4% |
Top Export Markets for Iron or Steel; Cast Articles from the United Arab Emirates in 2022:
- Italy (11.2K tons)
- South Africa (1.0K tons)
- Egypt (0.7K tons)
- Germany (0.6K tons)
- Netherlands (0.5K tons)
- Switzerland (0.4K tons)
- Cyprus (0.4K tons)
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