Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $832 per ton in 2021, jumping by 38% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +29.3% against 2018 indices. The import price peaked at $844 per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,302 per ton), while the price for China ($765 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $803 per ton in 2020, increasing by 3.4% against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2019 an increase of 7.6%. Over the period under review, the average export prices attained the maximum at $1,108 per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Kuwait.
From 2012 to 2020, the rate of growth in terms of prices for Iraq amounted to +10.4% per year.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia
In 2022, after two years of decline, there was growth in overseas purchases of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, when their volume increased by 2.8% to 26K tons. Overall, imports, however, continue to indicate a abrupt slump.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined to $18M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $21M, and then declined in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 13.1 | 13.3 | 12.2 | -3.5% | |
| India | N/A | 0.8 | 8.1 | 912.5% | |
| Egypt | 3.9 | N/A | N/A | 0% | |
| Others | 0.2 | 1.8 | 0.4 | 41.4% | |
| Total | 17.3 | 15.9 | 20.8 | 9.6% | |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Saudi Arabia in 2022:
- China (16.0K tons)
- India (8.6K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia
In 2022, after three years of growth, there was significant decline in shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -19.8% to 2.1K tons. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 190%.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped notably to $1.7M in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 200%.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Kuwait | 365 | 93.5 | -74.4% | ||
| Others | 57.2 | 1,170 | 1945.5% | ||
| Total | 422 | 1,264 | 199.5% | ||
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Saudi Arabia in 2022:
- Kuwait (83.0 tons)
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