United Arab Emirates: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in the United Arab Emirates

The silicon-electrical steel flat-rolled product market in the United Arab Emirates surged to $X in 2021, growing by 70% against the previous year. In general, consumption saw prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in the United Arab Emirates

In value terms, silicon-electrical steel flat-rolled product production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a mild setback. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from the United Arab Emirates

In 2021, overseas shipments of flat-rolled products of silicon-electrical steel increased by 39% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product exports skyrocketed to $X in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from the United Arab Emirates, with a 38% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to India exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. The third position in this ranking was held by Chile (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+6.3% per year) and Chile (+49.4% per year).

In value terms, India ($X) emerged as the key foreign market for flat-rolled products of silicon-electrical steel exports from the United Arab Emirates, comprising 33% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total exports. It was followed by Malaysia, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+17.2% per year) and Malaysia (+3.7% per year).

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, rising by 33% against the previous year. Overall, the export price, however, continues to indicate a mild decline. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Pakistan ($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 Lebanon (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into the United Arab Emirates

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel increased by 26% to X tons, rising for the third year in a row after two years of decline. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.6% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product imports surged to $X in 2021. Over the period under review, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to the United Arab Emirates, with a 48% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +77.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-4.8% per year) and Japan (-1.4% per year).

In value terms, China ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to the United Arab Emirates, comprising 48% of total imports. The second position in the ranking was taken by Russia ($X), with a 10% share of total imports. It was followed by Poland, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +93.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-5.2% per year) and Poland (+37.5% per year).

Import Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, rising by 45% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :