United Arab Emirates: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in the United Arab Emirates

In 2021, the concrete reinforcing wire rod market in the United Arab Emirates increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a noticeable reduction. Concrete reinforcing wire rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Wire Rod Used For Concrete Reinforcing in the United Arab Emirates

In value terms, concrete reinforcing wire rod production declined modestly to $X in 2021 estimated in export price. In general, production showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Concrete reinforcing wire rod production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from the United Arab Emirates

In 2021, overseas shipments of wire rod used for concrete reinforcing decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod exports totaled $X in 2021. In general, exports showed a mild reduction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), the Netherlands (X tons) and Myanmar (X tons) were the main destinations of concrete reinforcing wire rod exports from the United Arab Emirates, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Taiwan (Chinese) ($X) and Kenya ($X) constituted the largest markets for concrete reinforcing wire rod exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average concrete reinforcing wire rod export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, showed a perceptible setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Myanmar ($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 the Netherlands (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into the United Arab Emirates

In 2021, approx. X tons of wire rod used for concrete reinforcing were imported into the United Arab Emirates; waning by -X% compared with 2020 figures. Overall, imports saw a precipitous decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod imports shrank sharply to $X in 2021. In general, imports recorded a sharp slump. The growth pace was the most rapid in 2020 when imports increased by X% 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, India (X tons) constituted the largest concrete reinforcing wire rod supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, concrete reinforcing wire rod imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +X%.

In value terms, India ($X) constituted the largest supplier of concrete reinforcing wire rod to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +X%.

Import Prices by Country

In 2021, the average concrete reinforcing wire rod import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Platform