Saudi Arabia: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Saudi Arabia

The Saudi concrete reinforcing wire rod market soared to $X in 2021, jumping by X% against the previous year. Over the period under review, consumption, however, faced a sharp decline. Concrete reinforcing wire rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Wire Rod Used For Concrete Reinforcing in Saudi Arabia

In value terms, concrete reinforcing wire rod production stood at $X in 2021 estimated in export price. Over the period under review, production faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from Saudi Arabia

In 2021, overseas shipments of wire rod used for concrete reinforcing were finally on the rise to reach X tons after two years of decline. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod exports surged to $X in 2021. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons), Bahrain (X tons) and Jordan (X tons) were the main destinations of concrete reinforcing wire rod exports from Saudi Arabia, together comprising X% of total exports.

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

In value terms, the largest markets for concrete reinforcing wire rod exported from Saudi Arabia were Kuwait ($X), Bahrain ($X) and Egypt ($X), together comprising X% of total exports.

Among the main countries of destination, Bahrain, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average concrete reinforcing wire rod export price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Egypt ($X per ton) and Kuwait ($X per ton), while the average price for exports to Jordan ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-X%), while the prices for the other major destinations experienced a decline.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into Saudi Arabia

In 2021, the amount of wire rod used for concrete reinforcing imported into Saudi Arabia declined rapidly to X tons, waning by -X% compared with the previous year's figure. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, concrete reinforcing wire rod imports contracted sharply to $X in 2021. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of concrete reinforcing wire rod to Saudi Arabia, accounting for a X% share of total imports. Moreover, concrete reinforcing wire rod imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. Egypt (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of concrete reinforcing wire rod to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-X% per year) and Japan (+X% per year).

Import Prices by Country

In 2021, the average concrete reinforcing wire rod import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform