Saudi Arabia Long Steel Products Market Size & Outlook
Saudi Arabia long steel products market, 2018-2030 (US$M)
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Saudi Arabia long steel products market highlights
- The Saudi Arabia long steel products market generated a revenue of USD 5,271.9 million in 2022 and is expected to reach USD 5,997.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 1.6% 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 5,271.9 million |
| Market revenue in 2030 | USD 5,997.8 million |
| Growth rate | 1.6% (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
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global long steel products market in 2022.
- 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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Saudi Arabia 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 44.21% in 2022. Horizon Databook has segmented the Saudi Arabia long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is one of the largest economies in the Middle East and has a significant demand for steel, driven by infrastructure and construction sector. To meet the steel demand, Saudi Arabia relies mainly on imported raw materials, including iron ore and scrap metal. The country has significant reserves of bauxite, phosphate, and other minerals that are used in the production of steel.
One of the major companies involved in the production of steel in Saudi Arabia is Saudi Basic Industries Corporation (SABIC), which operates a steel plant in the Jubail Industrial City. SABIC produces a range of steel products including hot-rolled coils, cold-rolled coils, and galvanized sheets.
In addition to SABIC, other companies involved in the production of steel products in Saudi Arabia include Saudi Iron and Steel Company (Hadeed), Arabian Pipes Company, and Al Yamamah Company for Reinforcing Steel Bars. These companies’ source raw materials from various countries including Australia, Brazil, and South Africa.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia long steel products market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia long steel products market outlook size, by product, 2018-2030 (US$M)
Saudi Arabia Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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