MENA: Market for Hot-Rolled Round Bars Of Stainless Steel 2025

Market Size for Hot-Rolled Round Bars Of Stainless Steel in MENA

In 2021, the MENA's hot-rolled round stainless steel market increased by 61% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hot-Rolled Round Bars Of Stainless Steel in MENA

In value terms, hot-rolled round stainless steel production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports in MENA

In 2021, approx. X tons of hot-rolled round bars of stainless steel were exported in MENA; waning by -25.8% compared with the previous year. Overall, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 195% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled round stainless steel exports rose significantly to $X in 2021. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 94%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of hot-rolled round bars of stainless steel, namely the United Arab Emirates, Egypt and Jordan, represented more than two-thirds of total export. It was distantly followed by Israel (X tons), generating a 5.5% share of total exports. Turkey (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +46.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest hot-rolled round stainless steel supplier in MENA, comprising 55% of total exports. The second position in the ranking was taken by Egypt ($X), with a 16% share of total exports. It was followed by Israel, with a 9.1% share.

In the United Arab Emirates, hot-rolled round stainless steel exports plunged by an average annual rate of -5.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+14.0% per year) and Israel (+42.0% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, growing by 45% against the previous year. Overall, the export price showed a strong increase. The growth pace was the most rapid in 2018 an increase of 67%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Jordan ($X 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 (+16.1%), while the other leaders experienced a decline in the export price figures.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports in MENA

In 2021, the amount of hot-rolled round bars of stainless steel imported in MENA expanded markedly to X tons, picking up by 7.2% compared with 2020 figures. Overall, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 49%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, hot-rolled round stainless steel imports soared to $X in 2021. In general, imports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of 34%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Turkey (X tons) represented roughly 74% of total imports in 2021. Israel (X tons), Algeria (X tons), Iran (X tons), Egypt (X tons), Morocco (X tons), Oman (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled round stainless steel importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), with a combined 70% share of total imports.

The United Arab Emirates, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, with an increase of 16% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled round stainless steel import price increased by +9.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 77% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+14.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform