United Arab Emirates: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in the United Arab Emirates

In 2021, the market for railway or tramway track construction material of iron or steel in the United Arab Emirates increased by 178% to $X, rising for the second year in a row after two years of decline. In general, consumption showed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in the United Arab Emirates

In value terms, production of railway or tramway track construction material of iron or steel soared to $X in 2021 estimated in export price. In general, production saw a prominent expansion. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from the United Arab Emirates

After two years of growth, overseas shipments of railway or tramway track construction material of iron or steel decreased by -24.2% to X tons in 2021. Over the period under review, exports saw a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by 37% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel shrank to $X in 2021. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 67%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from the United Arab Emirates, accounting for a 69% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X tons), fivefold. Oman (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+24.0% per year) and Oman (+23.7% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for railway or tramway track construction material of iron or steel exports from the United Arab Emirates, comprising 76% of total exports. The second position in the ranking was held by Bahrain ($X), with a 13% share of total exports. It was followed by Kuwait, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+26.1% per year) and Kuwait (+12.2% per year).

Export Prices by Country

In 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, surging by 12% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 152% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Yemen ($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 Iran (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded growth in supplies from abroad of railway or tramway track construction material of iron or steel, which increased by 146% to X tons in 2021. Overall, imports recorded a measured expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 279% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of railway or tramway track construction material of iron or steel soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 281% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest iron and steel railway construction materials supplier to the United Arab Emirates, accounting for a 64% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from Poland exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), tenfold. The third position in this ranking was taken by Russia (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +61.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-5.5% per year) and Russia (+17.3% per year).

In value terms, Poland ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to the United Arab Emirates, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.2% share of total imports. It was followed by Saudi Arabia, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.8% per year) and Saudi Arabia (+0.7% per year).

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, declining by -19.1% against the previous year. Over the period under review, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 145% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average 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 Italy ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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