Ethiopia Long Steel Products Market Size & Outlook
Ethiopia long steel products market, 2018-2030 (US$M)
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Ethiopia long steel products market highlights
- The Ethiopia long steel products market generated a revenue of USD 160.4 million in 2022 and is expected to reach USD 187.8 million by 2030.
- The Ethiopia market is expected to grow at a CAGR of 2% from 2023 to 2030.
- In terms of segment, rebars was the largest revenue generating product in 2022.
- Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
Long steel products market data book summary
| Market revenue in 2022 | USD 160.4 million |
| Market revenue in 2030 | USD 187.8 million |
| Growth rate | 2% (CAGR from 2022 to 2030) |
| Largest segment | Rebars |
| Fastest growing segment | Wire Rods |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rebars, Wire Rods, Sections, Tubes |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel |
Other key industry trends
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia long steel products market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,351.2 million by 2030.
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Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Ethiopia long steel products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to long steel products market will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 44.39% in 2022. Horizon Databook has segmented the Ethiopia long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Steel is used in various industries, including construction, manufacturing, and transportation. The construction industry, in particular, has been a major driver of steel demand in Ethiopia, with the government investing heavily in infrastructure development to support economic growth.
One of the challenges for the development of the steel industry in Ethiopia is the availability of raw materials. Steel production requires raw materials like iron ore, coal, and limestone. While Ethiopia has deposits of iron ore, coal, and other minerals, its mining industry is still in the early stages of development.
As a result, the country has been importing most of its raw materials for steel production. To address this challenge, the Ethiopian government has been investing in the development of its mining sector. The country has identified mining as a key sector for its potential economic development, and various initiatives have been launched to attract foreign investment and promote local mining activities.
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Target buyers of Ethiopia long steel products market databook
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Our clientele includes a mix of long steel products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Ethiopia long steel products market , including forecasts for subscribers. This country databook contains high-level insights into Ethiopia long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Ethiopia long steel products market outlook size, by product, 2018-2030 (US$M)
Ethiopia Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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