United Arab Emirates: Pig Iron Articles Market 2025

Pig Iron Articles Market Size in the United Arab Emirates

The pig iron articles market in the United Arab Emirates dropped sharply to $X in 2021, reducing by -19% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Pig Iron Articles Production in the United Arab Emirates

In value terms, pig iron articles production contracted to $X in 2021 estimated in export price. Overall, production saw a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 36% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pig Iron Articles Exports

Exports from the United Arab Emirates

In 2021, exports of granules and powders of pig iron from the United Arab Emirates skyrocketed to X tons, growing by 89% against the previous year. In general, exports, however, showed a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pig iron articles exports soared to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 57%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for pig iron articles exports from the United Arab Emirates, accounting for a 29% share of total exports. Moreover, pig iron articles exports to Oman exceeded the volume sent to the second major destination, Iran (X tons), fivefold. The third position in this ranking was held by Indonesia (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+4.4% per year) and Indonesia (+22.1% per year).

In value terms, Oman ($X) remains the key foreign market for granules and powders of pig iron exports from the United Arab Emirates, comprising 34% of total exports. The second position in the ranking was taken by Iran ($X), with a 5.7% share of total exports. It was followed by Sudan, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman amounted to -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-7.7% per year) and Sudan (+26.8% per year).

Export Prices by Country

The average pig iron articles export price stood at $X per ton in 2021, shrinking by -26.7% against the previous year. Overall, the export price recorded a perceptible setback. The growth pace was the most rapid in 2013 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to India ($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 Azerbaijan (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into the United Arab Emirates

In 2021, the amount of granules and powders of pig iron imported into the United Arab Emirates soared to X tons, picking up by 17% on the year before. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 54% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, pig iron articles imports soared to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.5% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 79% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

France (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of pig iron articles imports to the United Arab Emirates, with a combined 41% share of total imports. These countries were followed by Thailand, South Africa, South Korea, India, Turkey, Ukraine, Germany and Bahrain, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +62.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of granules and powders of pig iron to the United Arab Emirates, comprising 28% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +108.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.4% per year) and France (-5.9% per year).

Import Prices by Country

The average pig iron articles import price stood at $X per ton in 2021, increasing by 4.1% against the previous year. In general, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pig iron articles import price increased by +116.9% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 42% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform