United Arab Emirates: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in the United Arab Emirates

The ferro-alloys market in the United Arab Emirates contracted to $X in 2022, waning by X% against the previous year. In general, consumption, however, posted a tangible expansion. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Ferro-Alloys Production in the United Arab Emirates

In value terms, ferro-alloys production shrank notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Ferro-Alloys Exports

Exports from the United Arab Emirates

In 2022, ferro-alloys exports from the United Arab Emirates dropped markedly to X tons, which is down by X% compared with 2021 figures. Over the period under review, exports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ferro-alloys exports reduced markedly to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Iran (X tons) was the main destination for ferro-alloys exports from the United Arab Emirates, with a X% share of total exports. It was followed by Azerbaijan (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Iran stood at X%.

In value terms, Iran ($X) remains the key foreign market for ferro-alloys exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iran amounted to X%.

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Iran stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (X%).

Ferro-Alloys Imports

Imports into the United Arab Emirates

In 2022, the amount of ferro-alloys imported into the United Arab Emirates dropped slightly to X tons, shrinking by X% on 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, ferro-alloys imports shrank slightly to $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of ferro-alloys to the United Arab Emirates, accounting for a X% share of total imports. Moreover, ferro-alloys imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and South Korea (X% per year).

In value terms, India ($X), South Korea ($X) and Saudi Arabia ($X) appeared to be the largest ferro-alloys suppliers to the United Arab Emirates, together comprising X% of total imports. China, Ukraine, Canada, Malaysia, South Africa and Russia lagged somewhat behind, together accounting for a further X%.

Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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