GCC: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in GCC

The GCC chain scoops and sliders market shrank to $X in 2022, falling by -9.6% against the previous year. Over the period under review, consumption, however, posted a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in GCC

In value terms, chain scoops and sliders production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 96% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports in GCC

For the seventh consecutive year, GCC recorded decline in shipments abroad of chain scoops, sliders, runners, end pieces and narrow strips, which decreased by -30.7% to X tons in 2022. Overall, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 64%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chain scoops and sliders exports surged to $X in 2022. In general, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 112% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was approx. 96% of total exports in 2022. Oman (X kg) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the chain scoops, sliders, runners, end pieces and narrow strips exports, with a CAGR of -24.0% from 2012 to 2022. Oman (-30.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (-3.4 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest chain scoops and sliders supplier in GCC, comprising 97% of total exports. The second position in the ranking was taken by Oman ($X), with a 1.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -18.7%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by 71% against the previous year. In general, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2019 when the export price increased by 165%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.0%).

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports in GCC

Chain scoops and sliders imports shrank dramatically to X tons in 2022, waning by -19.7% on the previous year's figure. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, chain scoops and sliders imports dropped dramatically to $X in 2022. Over the period under review, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the main importer of chain scoops, sliders, runners, end pieces and narrow strips, committing 83% of total imports. It was distantly followed by Kuwait (X tons), generating a 14% share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -6.1% from 2012 to 2022. At the same time, Kuwait (+1.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +1.5% from 2012-2022. While the share of the United Arab Emirates (+15 p.p.) and Kuwait (+8.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported chain scoops, sliders, runners, end pieces and narrow strips in GCC, comprising 89% of total imports. The second position in the ranking was taken by Kuwait ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, shrinking by -3.5% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders import price decreased by -6.6% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 47%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%).

Source: IndexBox Platform