Saudi Arabia's Flat-Rolled Steel Coils Market Report 2024 - Prices, Size, Forecast, and Companies

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The Saudi flat-rolled steel coils market skyrocketed to $X in 2023, rising by X% against the previous year. In general, consumption enjoyed a mild expansion. Flat-rolled steel coils consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

In value terms, flat-rolled steel coils production stood at $X in 2023 estimated in export price. Over the period under review, production, however, saw a strong expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

In 2023, shipments abroad of flat-rolled steel in coils decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, flat-rolled steel coils exports amounted to $X in 2023. Overall, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Italy (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of flat-rolled steel coils exports from Saudi Arabia, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat-rolled steel coils exported from Saudi Arabia were Italy ($X), Belgium ($X) and Spain ($X), together comprising X% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The average flat-rolled steel coils export price stood at $X per ton in 2023, approximately reflecting the previous year. In general, the export price recorded a slight expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

In 2023, overseas purchases of flat-rolled steel in coils decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, flat-rolled steel coils imports stood at $X in 2023. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In 2023, China (X tons) constituted the largest supplier of flat-rolled steel coils to Saudi Arabia, with a X% share of total imports. Moreover, flat-rolled steel coils imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of flat-rolled steel in coils to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Japan (X% per year).

The average flat-rolled steel coils import price stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a moderate increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the flat-rolled steel coils market 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.

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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