GCC: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in GCC

In 2022, after three years of decline, there was significant growth in the GCC concrete reinforcing bar market, when its value increased by 6.2% to $X. Overall, consumption, however, saw a perceptible descent. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Concrete Reinforcing Bar Production in GCC

In value terms, concrete reinforcing bar production reduced modestly to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 144%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Concrete Reinforcing Bar Exports

Exports in GCC

Concrete reinforcing bar exports plummeted to X tons in 2022, waning by -34.6% compared with 2021. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 149% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, concrete reinforcing bar exports shrank sharply to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 177%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Oman (X tons) and the United Arab Emirates (X tons) represented roughly 89% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), constituting an 11% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of +56.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing bar supplying countries in GCC were the United Arab Emirates ($X), Oman ($X) and Saudi Arabia ($X), with a combined 99.9% share of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of +51.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 28% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.2%), while the other leaders experienced a decline in the export price figures.

Concrete Reinforcing Bar Imports

Imports in GCC

In 2022, approx. X tons of concrete reinforcing bars were imported in GCC; shrinking by -45.3% on 2021 figures. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, concrete reinforcing bar imports shrank significantly to $X in 2022. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 28% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the key importer of concrete reinforcing bars in GCC, with the volume of imports finishing at X tons, which was near 57% of total imports in 2022. Kuwait (X tons) held a 29% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (9.4%). Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +3.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported concrete reinforcing bars in GCC, comprising 56% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 28% share of total imports. It was followed by Bahrain, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at -10.4%. In the other countries, the average annual rates were as follows: Kuwait (+4.3% per year) and Bahrain (+0.0% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, with an increase of 4.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 25% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Oman ($X per ton) and Bahrain ($X per ton), while Kuwait ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform