Saudi Arabia: Expanded Metal Market 2025

Expanded Metal Market Size in Saudi Arabia

The Saudi expanded metal market expanded remarkably to $X in 2022, growing by 9.9% against the previous year. Over the period under review, consumption, however, recorded a noticeable decline. Expanded metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Expanded Metal Production in Saudi Arabia

In value terms, expanded metal production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 59% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports from Saudi Arabia

In 2022, overseas shipments of iron or steel expanded metal were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a sharp decline. The growth pace was the most rapid in 2018 when exports increased by 27%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, expanded metal exports skyrocketed to $X in 2022. In general, exports, however, faced a dramatic contraction. The growth pace was the most rapid in 2018 with an increase of 25%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for expanded metal exports from Saudi Arabia, with a 62% share of total exports. Moreover, expanded metal exports to the United Arab Emirates exceeded the volume sent to the second major destination, Somalia (X tons), fourfold. Oman (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to -19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+56.6% per year) and Oman (-13.2% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for iron or steel expanded metal exports from Saudi Arabia, comprising 62% of total exports. The second position in the ranking was held by Somalia ($X), with a 17% share of total exports. It was followed by Oman, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to -23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+73.2% per year) and Oman (-3.4% per year).

Export Prices by Country

The average expanded metal export price stood at $X per ton in 2022, rising by 8.6% against the previous year. In general, the export price, however, showed a perceptible descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Somalia ($X per ton) and Oman ($X per ton), while the average price for exports to Yemen ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Metal Imports

Imports into Saudi Arabia

Expanded metal imports into Saudi Arabia totaled X tons in 2020, stabilizing at the previous year. In general, imports continue to indicate a abrupt slump. The smallest decline of -10.3% was in 2015. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports failed to regain momentum.

In value terms, expanded metal imports totaled $X in 2020. Over the period under review, imports recorded a noticeable setback. The smallest decline of -3.7% was in 2016. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of expanded metal to Saudi Arabia, with a 62% share of total imports. Moreover, expanded metal imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a 3.6% share.

From 2012 to 2020, the average annual growth rate of volume from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (0.0% per year) and India (0.0% per year).

In value terms, Singapore ($X) constituted the largest supplier of iron or steel expanded metal to Saudi Arabia, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by India, with a 5.8% share.

From 2012 to 2020, the average annual rate of growth in terms of value from Singapore was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.4% per year) and India (0.0% per year).

Import Prices by Country

In 2020, the average expanded metal import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 63% against the previous year. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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