United Arab Emirates: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in the United Arab Emirates

The non-alloy steel h-sections market in the United Arab Emirates reduced modestly to $X in 2022, waning by -4.9% against the previous year. Overall, consumption, however, faced a abrupt decline. Non-alloy steel h-sections consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Production in the United Arab Emirates

In value terms, non-alloy steel h-sections production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a notable increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 126%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Exports

Exports from the United Arab Emirates

In 2022, the amount of h-sections of of non-alloy steel exported from the United Arab Emirates fell to X tons, which is down by -7.4% against the year before. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 169% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel h-sections exports dropped sharply to $X in 2022. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 153% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for non-alloy steel h-sections exports from the United Arab Emirates, with a 35% share of total exports. Moreover, non-alloy steel h-sections exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Israel (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+34.9% per year) and Israel (+324.4% per year).

In value terms, the United States ($X) remains the key foreign market for h-sections of of non-alloy steel exports from the United Arab Emirates, comprising 35% of total exports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total exports. It was followed by Israel, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+36.4% per year) and Israel (+246.8% per year).

Export Prices by Country

The average non-alloy steel h-sections export price stood at $X per ton in 2022, with a decrease of -12.2% against the previous year. In general, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Morocco ($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 the UK (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel H-Sections Imports

Imports into the United Arab Emirates

Non-alloy steel h-sections imports into the United Arab Emirates skyrocketed to X tons in 2022, increasing by 101% on the previous year's figure. Overall, imports, however, faced a sharp slump. The growth pace was the most rapid in 2015 when imports increased by 107%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alloy steel h-sections imports soared to $X in 2022. Over the period under review, imports, however, showed a sharp decline. The pace of growth was the most pronounced in 2015 with an increase of 75% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest non-alloy steel h-sections supplier to the United Arab Emirates, with a 44% share of total imports. Moreover, non-alloy steel h-sections imports from China exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +45.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (-14.1% per year) and South Korea (-32.7% per year).

In value terms, the largest non-alloy steel h-sections suppliers to the United Arab Emirates were China ($X), Luxembourg ($X) and South Korea ($X), with a combined 61% share of total imports.

China, with a CAGR of +41.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-alloy steel h-sections import price stood at $X per ton in 2022, reducing by -14.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

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 Bahrain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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