GCC: Non-Alloy Steel H-Sections Market 2025

Non-Alloy Steel H-Sections Market Size in GCC

In 2022, the GCC non-alloy steel h-sections market increased by 3.9% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Alloy Steel H-Sections Production in GCC

In value terms, non-alloy steel h-sections production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by 639% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Exports

Exports in GCC

In 2022, approx. X tons of h-sections of of non-alloy steel were exported in GCC; therefore, remained relatively stable against 2021 figures. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 302% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel h-sections exports shrank to $X in 2022. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 253% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was near 92% of total exports in 2022. It was distantly followed by Bahrain (X tons), creating a 6.1% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the h-sections of of non-alloy steel exports, with a CAGR of +20.8% from 2012 to 2022. Bahrain (-15.0%) illustrated a downward trend over the same period. Bahrain (+6.1 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -1.7% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest non-alloy steel h-sections supplier in GCC, comprising 90% of total exports. The second position in the ranking was held by Bahrain ($X), with an 8.4% share of total exports.

In the United Arab Emirates, non-alloy steel h-sections exports increased at an average annual rate of +18.6% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, falling by -9.9% against the previous year. Over the period under review, the export price showed a mild shrinkage. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 Bahrain ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+2.9%).

Non-Alloy Steel H-Sections Imports

Imports in GCC

In 2022, supplies from abroad of h-sections of of non-alloy steel increased by 58% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt downturn. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel h-sections imports surged to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly 68% of total imports in 2022. Qatar (X tons) ranks next in terms of the total imports with a 12% share, followed by Oman (9.1%) and Kuwait (7.4%). Bahrain (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of -0.6%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest non-alloy steel h-sections importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), with a combined 82% share of total imports.

Among the main importing countries, Qatar, with a CAGR of -0.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, waning by -17.7% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2021 when the import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform