Saudi Arabia: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Saudi Arabia

In 2022, the Saudi concrete reinforcing bar market decreased by -26.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw modest growth. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped rapidly in the following year.

Concrete Reinforcing Bar Production in Saudi Arabia

In value terms, concrete reinforcing bar production reduced to $X in 2022 estimated in export price. Overall, production, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 567% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Concrete Reinforcing Bar Exports

Exports from Saudi Arabia

Concrete reinforcing bar exports from Saudi Arabia dropped slightly to X tons in 2022, waning by -2% compared with 2021. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 733%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, concrete reinforcing bar exports reduced to $X in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of 984%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for concrete reinforcing bar exports from Saudi Arabia, accounting for a 96% share of total exports. It was followed by China (X tons), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +64.9%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for concrete reinforcing bars exports from Saudi Arabia, comprising 96% of total exports. The second position in the ranking was taken by China ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to +62.2%.

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, with a decrease of -12.3% against the previous year. Overall, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Reinforcing Bar Imports

Imports into Saudi Arabia

In 2021, purchases abroad of concrete reinforcing bars decreased by -3.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 3,059%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concrete reinforcing bar imports skyrocketed to $X in 2021. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 2,523%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest concrete reinforcing bar supplier to Saudi Arabia, with a 76% share of total imports. Moreover, concrete reinforcing bar imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), fourfold. Bahrain (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+18.6% per year) and Bahrain (0.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of concrete reinforcing bars to Saudi Arabia, comprising 76% of total imports. The second position in the ranking was held by Oman ($X), with a 20% share of total imports. It was followed by Bahrain, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+29.8% per year) and Bahrain (0.0% per year).

Import Prices by Country

In 2021, the average concrete reinforcing bar import price amounted to $X per ton, jumping by 27% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Egypt ($X per ton) and the United Arab Emirates ($X per ton), while the price for Bahrain ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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