United Arab Emirates: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in the United Arab Emirates

The mill rolling roll market in the United Arab Emirates shrank rapidly to $X in 2022, declining by -52.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. Mill rolling roll consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mill Rolling Roll Production in the United Arab Emirates

In value terms, mill rolling roll production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 364,210,700%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Mill Rolling Roll Exports

Exports from the United Arab Emirates

In 2022, approx. X units of rolls for rolling mills were exported from the United Arab Emirates; jumping by 154% compared with 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 432% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, mill rolling roll exports soared to $X in 2022. Over the period under review, exports saw mild growth. The most prominent rate of growth was recorded in 2013 when exports increased by 267% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for mill rolling roll exports from the United Arab Emirates, with a 99% share of total exports. It was followed by Sri Lanka (X units), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +100.9%.

In value terms, India ($X) emerged as the key foreign market for rolls for rolling mills exports from the United Arab Emirates, comprising 99% of total exports. The second position in the ranking was held by Sri Lanka ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +76.8%.

Export Prices by Country

The average mill rolling roll export price stood at $X per unit in 2022, reducing by -35% against the previous year. In general, the export price recorded a significant decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 40%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Sri Lanka amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-6.9%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into the United Arab Emirates

In 2022, after four years of growth, there was significant decline in supplies from abroad of rolls for rolling mills, when their volume decreased by -5.2% to X units. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 66%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, mill rolling roll imports shrank to $X in 2022. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 76%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mill rolling roll to the United Arab Emirates, with a 89% share of total imports. Moreover, mill rolling roll imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. The third position in this ranking was taken by Germany (X units), with a 0.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.2% per year) and Germany (-35.5% per year).

In value terms, China ($X) constituted the largest supplier of rolls for rolling mills to the United Arab Emirates, comprising 68% of total imports. The second position in the ranking was taken by India ($X), with a 7.8% share of total imports. It was followed by Germany, with a 1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.6% per year) and Germany (-34.3% per year).

Import Prices by Country

The average mill rolling roll import price stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 68% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+1,246.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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