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Saudi Arabia - Ribbed or Other Deformed Wire Rod of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSaudi Arabia: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024
Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Saudi Arabia
In 2023, after three years of growth, there was significant decline in the Saudi market for ribbed or other deformed wire rod of non-alloy steel, when its value decreased by X% to $X. In general, consumption, however, recorded a modest increase. Over the period under review, the market hit record highs at $X in 2022, and then contracted remarkably in the following year.
Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Saudi Arabia
In value terms, deformed non-alloy steel wire rod production expanded remarkably to $X in 2023 estimated in export price. In general, production saw significant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.
Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel
Exports from Saudi Arabia
In 2023, overseas shipments of ribbed or other deformed wire rod of non-alloy steel increased by X% to X tons for the first time since 2018, thus ending a four-year declining trend. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, deformed non-alloy steel wire rod exports skyrocketed to $X in 2023. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Bahrain (X tons) and Kuwait (X tons) were the main destinations of deformed non-alloy steel wire rod exports from Saudi Arabia.
From 2017 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of X%).
In value terms, the largest markets for deformed non-alloy steel wire rod exported from Saudi Arabia were Bahrain ($X) and Kuwait ($X).
In terms of the main countries of destination, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
In 2023, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated moderate growth from 2017 to 2023: its price increased at an average annual rate of X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, deformed non-alloy steel wire rod export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then dropped rapidly in the following year.
Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Bahrain totaled $X per ton.
From 2017 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel
Imports into Saudi Arabia
For the third year in a row, Saudi Arabia recorded decline in purchases abroad of ribbed or other deformed wire rod of non-alloy steel, which decreased by X% to X tons in 2015. Over the period under review, imports faced a sharp curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2015, imports stood at a somewhat lower figure.
In value terms, deformed non-alloy steel wire rod imports declined significantly to $X in 2015. In general, imports faced a precipitous contraction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2015, imports remained at a lower figure.
Imports by Country
In 2015, Qatar (X tons) was the main supplier of deformed non-alloy steel wire rod to Saudi Arabia, with a X% share of total imports. Moreover, deformed non-alloy steel wire rod imports from Qatar exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.
From 2012 to 2015, the average annual growth rate of volume from Qatar stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).
In value terms, Qatar ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.
From 2012 to 2015, the average annual growth rate of value from Qatar totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and China (X% per year).
Import Prices by Country
The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2015, reducing by X% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average import price decreased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2015, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2015, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2015, the most notable rate of growth in terms of prices was attained by Qatar (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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