United Arab Emirates: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in the United Arab Emirates

After two years of growth, the cold-rolled steel products market in the United Arab Emirates decreased by -16.7% to $X in 2022. In general, consumption, however, showed resilient growth. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Cold-Rolled Steel Products Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were exported from the United Arab Emirates; which is down by -2.3% on 2021. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 56% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cold-rolled steel products exports totaled $X in 2022. Over the period under review, exports recorded a dramatic decrease. The growth pace was the most rapid in 2015 when exports increased by 24% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X tons), India (X tons) and Iran (X tons) were the main destinations of cold-rolled steel products exports from the United Arab Emirates, with a combined 52% share of total exports. Lithuania, Tanzania, Saudi Arabia, Rwanda, the Netherlands, Bahrain, Morocco, Sudan and Uzbekistan lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +1,135.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), India ($X) and Lithuania ($X) constituted the largest markets for cold-rolled steel products exported from the United Arab Emirates worldwide, with a combined 42% share of total exports.

Lithuania, with a CAGR of +115.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, growing by 3.2% against the previous year. Over the period under review, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 59%. The export price peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+55.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into the United Arab Emirates

In 2022, after two years of growth, there was significant decline in overseas purchases of flat-rolled products of iron or steel (not further worked than cold-rolled), when their volume decreased by -14.8% to X tons. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, cold-rolled steel products imports reduced notably to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest cold-rolled steel products supplier to the United Arab Emirates, accounting for a 82% share of total imports. Moreover, cold-rolled steel products imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. Japan (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.0% per year) and Japan (+10.2% per year).

In value terms, China ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to the United Arab Emirates, comprising 82% of total imports. The second position in the ranking was held by India ($X), with a 7.8% share of total imports. It was followed by Japan, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.2% per year) and Japan (+7.8% per year).

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, shrinking by -2.8% against the previous year. Overall, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 16%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Japan ($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 (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :