Report Update Nov 1, 2024

Saudi Arabia - Hot-Rolled Wire Rod in Coil of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Saudi Arabia

In 2022, the Saudi market for hot-rolled wire rod in coil of stainless steel decreased by 0% to less than $X, falling for the second consecutive year after six years of growth. Over the period under review, consumption showed a significant expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Saudi Arabia

In value terms, hot-rolled wire stainless steel rod production expanded to $X in 2022 estimated in export price. In general, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 72%. Hot-rolled wire stainless steel rod production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Saudi Arabia

In 2020, shipments abroad of hot-rolled wire rod in coil of stainless steel increased by 70% to X tons, rising for the second consecutive year after five years of decline. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 152%. The exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, hot-rolled wire stainless steel rod exports skyrocketed to $X in 2020. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 132% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for hot-rolled wire stainless steel rod exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Kuwait totaled +17.4%.

In value terms, Kuwait ($X) emerged as the key foreign market for hot-rolled wire rod in coil of stainless steel exports from Saudi Arabia.

From 2012 to 2020, the average annual rate of growth in terms of value to Kuwait totaled +11.3%.

Export Prices by Country

The average export price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2020, dropping by -7.6% against the previous year. Overall, the export price saw a abrupt slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2012 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to +609.2% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Saudi Arabia

In 2018, overseas purchases of hot-rolled wire rod in coil of stainless steel increased by 210% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,514% against the previous year. Over the period under review, imports hit record highs in 2018 and are expected to retain growth in the immediate term.

In value terms, hot-rolled wire stainless steel rod imports soared to $X in 2018. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 306%. Imports peaked in 2018 and are likely to see gradual growth in years to come.

Imports by Country

In 2018, the United Arab Emirates (X tons) constituted the largest hot-rolled wire stainless steel rod supplier to Saudi Arabia, with a 79% share of total imports. Moreover, hot-rolled wire stainless steel rod imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), fourfold.

From 2012 to 2018, the average annual growth rate of volume from the United Arab Emirates stood at +100.2%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hot-rolled wire rod in coil of stainless steel to Saudi Arabia, comprising 76% of total imports. The second position in the ranking was taken by Oman ($X), with a 21% share of total imports.

From 2012 to 2018, the average annual growth rate of value from the United Arab Emirates totaled +60.4%.

Import Prices by Country

In 2018, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, which is down by -50.4% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 269% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to -6.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled wire rod in coil of stainless steel in the world?

Taiwan Chinese) remains the largest hot-rolled wire stainless steel rod consuming country worldwide, comprising approx. 21% of total volume. Moreover, hot-rolled wire stainless steel rod consumption in Taiwan Chinese) exceeded the figures recorded by the second-largest consumer, Germany, twofold. Vietnam ranked third in terms of total consumption with a 9% share.

What are the largest producers of hot-rolled wire rod in coil of stainless steel in the world?

The countries with the highest volumes of in 2021 were Taiwan Chinese), Japan and France, with a combined 54% share of global production. China, Spain, India and Sweden lagged somewhat behind, together comprising a further 38%.

What are the leading suppliers of hot-rolled wire rod in coil of stainless steel to Saudi Arabia?

In value terms, the United Arab Emirates constituted the largest supplier of hot-rolled wire stainless steel rod to Saudi Arabia, comprising 60% of total imports. The second position in the ranking was occupied by Oman, with an 18% share of total imports.

What are the leading importers of hot-rolled wire rod in coil of stainless steel from Saudi Arabia?

In value terms, Kuwait remains the key foreign market for hot-rolled wire stainless steel rod exports from Saudi Arabia, comprising 90% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 5.3% share of total exports. It was followed by India, with a 2.9% share.

What is the average export price for hot-rolled wire rod in coil of stainless steel in Saudi Arabia?

The average export price for hot-rolled wire rod in coil of stainless steel stood at $907 per ton in 2021, increasing by 10% against the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in Saudi Arabia?

The average import price for hot-rolled wire rod in coil of stainless steel stood at $1,327 per ton in 2021, increasing by 5.3% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023