GCC: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2025

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in GCC

In 2022, the GCC loose-leaf binder metal fitting market was finally on the rise to reach $X after three years of decline. In general, consumption saw a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in GCC

In value terms, loose-leaf binder metal fitting production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 64%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports in GCC

For the third year in a row, GCC recorded decline in overseas shipments of base metal fittings for loose-leaf binders or files, which decreased by -15.2% to X tons in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 84%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, loose-leaf binder metal fitting exports soared to $X in 2022. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 167% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of about X tons, which resulted at 81% of total exports. It was distantly followed by Saudi Arabia (X kg) and Bahrain (X kg), together making up an 18% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -20.0% from 2012 to 2022. Bahrain experienced a relatively flat trend pattern. Saudi Arabia (-13.8%) illustrated a downward trend over the same period. Bahrain (+5.9 p.p.) and Saudi Arabia (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -11.6% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest loose-leaf binder metal fitting supplier in GCC, comprising 60% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 29% share of total exports.

In the United Arab Emirates, loose-leaf binder metal fitting exports decreased by an average annual rate of -9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+6.4% per year) and Bahrain (+11.0% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, picking up by 45% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by 144%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+23.5%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports in GCC

In 2022, the amount of base metal fittings for loose-leaf binders or files imported in GCC reduced to X tons, with a decrease of -7% compared with the previous year. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 12%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, loose-leaf binder metal fitting imports skyrocketed to $X in 2022. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by 74% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importer of base metal fittings for loose-leaf binders or files in GCC, with the volume of imports recording X tons, which was approx. 68% of total imports in 2022. It was distantly followed by Bahrain (X tons), making up a 24% share of total imports. The following importers - Kuwait (X tons) and Qatar (X tons) - together made up 6.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to loose-leaf binder metal fitting imports into the United Arab Emirates stood at -5.7%. Bahrain experienced a relatively flat trend pattern. Kuwait (-1.5%) and Qatar (-8.6%) illustrated a downward trend over the same period. The United Arab Emirates (+40 p.p.), Bahrain (+19 p.p.) and Kuwait (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported base metal fittings for loose-leaf binders or files in GCC, comprising 83% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 12% share of total imports. It was followed by Kuwait, with a 2.5% share.

In the United Arab Emirates, loose-leaf binder metal fitting imports shrank by an average annual rate of -1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (-4.0% per year) and Kuwait (+0.9% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by 24% against the previous year. In general, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by 78% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform