United Arab Emirates: Market for Welded And Cold-Formed Sections Of Steel 2025

Market Size for Welded And Cold-Formed Sections Of Steel in the United Arab Emirates

In 2022, the market for welded and cold-formed sections of steel in the United Arab Emirates increased by 2.3% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed resilient growth. Welded and cold-formed steel sections consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Welded And Cold-Formed Sections Of Steel in the United Arab Emirates

In value terms, welded and cold-formed steel sections production rose slightly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 188% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from the United Arab Emirates

After two years of decline, overseas shipments of welded and cold-formed sections of steel increased by 13% to X tons in 2022. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 176% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, welded and cold-formed steel sections exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 145% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for welded and cold-formed steel sections exports from the United Arab Emirates, accounting for a 59% share of total exports. Moreover, welded and cold-formed steel sections exports to Bahrain exceeded the volume sent to the second major destination, India (X tons), ninefold. Spain (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+21.5% per year) and Spain (0.0% per year).

In value terms, Bahrain ($X) remains the key foreign market for welded and cold-formed sections of steel exports from the United Arab Emirates, comprising 46% of total exports. The second position in the ranking was taken by India ($X), with a 6.1% share of total exports. It was followed by Jordan, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Bahrain totaled +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+15.3% per year) and Jordan (+36.5% per year).

Export Prices by Country

In 2022, the average export price for welded and cold-formed sections of steel amounted to $X per ton, with an increase of 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2014 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Spain ($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 Saudi Arabia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into the United Arab Emirates

In 2022, supplies from abroad of welded and cold-formed sections of steel increased by 21% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 639% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, welded and cold-formed steel sections imports rose remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 153%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Bahrain (X tons) constituted the largest supplier of welded and cold-formed steel sections to the United Arab Emirates, with a 74% share of total imports. Moreover, welded and cold-formed steel sections imports from Bahrain exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from Bahrain totaled +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.1% per year) and China (+33.4% per year).

In value terms, India ($X), Bahrain ($X) and China ($X) appeared to be the largest welded and cold-formed steel sections suppliers to the United Arab Emirates, with a combined 69% share of total imports.

Among the main suppliers, Bahrain, with a CAGR of +32.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for welded and cold-formed sections of steel amounted to $X per ton, dropping by -13.1% against the previous year. Over the period under review, the import price saw a pronounced decline. The growth pace was the most rapid in 2019 an increase of 197%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 South Korea ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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