Saudi Arabia: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in Saudi Arabia

The Saudi non-alloy steel i-sections market contracted sharply to $X in 2021, falling by -25.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a precipitous setback. Non-alloy steel i-sections consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Exports

Exports from Saudi Arabia

In 2021, the amount of i-sections of non-alloy steel exported from Saudi Arabia fell remarkably to X tons, which is down by -71.1% on the year before. Overall, exports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2017 when exports increased by 380% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, non-alloy steel i-sections exports reduced notably to $X in 2021. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 377%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Jordan (X tons), the United Arab Emirates (X tons) and Sudan (X tons) were the main destinations of non-alloy steel i-sections exports from Saudi Arabia, together comprising 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +5.6%), while the other leaders experienced mixed trend patterns.

In value terms, Jordan ($X) remains the key foreign market for i-sections of non-alloy steel exports from Saudi Arabia, comprising 69% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 27% share of total exports. It was followed by Sudan, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Jordan amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+6.0% per year) and Sudan (-17.7% per year).

Export Prices by Country

The average non-alloy steel i-sections export price stood at $X per ton in 2021, growing by 35% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into Saudi Arabia

In 2021, the amount of i-sections of non-alloy steel imported into Saudi Arabia declined significantly to X tons, waning by -41.2% compared with the previous year's figure. Over the period under review, imports faced a dramatic decline. The pace of growth was the most pronounced in 2019 when imports increased by 44% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-alloy steel i-sections imports contracted notably to $X in 2021. Overall, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. Over the period under review, imports hit record highs 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 non-alloy steel i-sections supplier to Saudi Arabia, with a 83% share of total imports. Moreover, non-alloy steel i-sections imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-29.1% per year) and China (-38.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of i-sections of non-alloy steel to Saudi Arabia, comprising 84% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by Bahrain, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +45.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-29.9% per year) and Bahrain (-23.1% per year).

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, picking up by 38% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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