United Arab Emirates: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in the United Arab Emirates

The stainless steel angle market in the United Arab Emirates soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Stainless Steel Angle Production in the United Arab Emirates

In value terms, stainless steel angle production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Stainless steel angle production peaked in 2022 and is likely to see gradual growth in years to come.

Stainless Steel Angle Exports

Exports from the United Arab Emirates

Stainless steel angle exports from the United Arab Emirates soared to X tons in 2022, jumping by X% compared with the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports skyrocketed to $X in 2022. In general, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for stainless steel angle exports from the United Arab Emirates, with a X% share of total exports. Moreover, stainless steel angle exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), threefold. Somalia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Somalia (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average stainless steel angle export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Somalia ($X 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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into the United Arab Emirates

Stainless steel angle imports into the United Arab Emirates contracted markedly to X tons in 2022, declining by X% against 2021. Overall, imports showed a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, stainless steel angle imports dropped notably to $X in 2022. In general, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of stainless steel angle to the United Arab Emirates, with a X% share of total imports. Moreover, stainless steel angle imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, China ($X), India ($X) and Italy ($X) constituted the largest stainless steel angle suppliers to the United Arab Emirates, with a combined X% share of total imports. Spain, Germany and the United States lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price saw strong growth. 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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