GCC: Metal Chain Parts Market 2025

Metal Chain Parts Market Size in GCC

The GCC metal chain parts market declined sharply to $X in 2022, shrinking by X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metal Chain Parts Production in GCC

In value terms, metal chain parts production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Metal Chain Parts Exports

Exports in GCC

In 2022, exports of parts of chains of iron or steel in GCC soared to X tons, rising by X% against 2021 figures. Over the period under review, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal chain parts exports skyrocketed to $X in 2022. Overall, exports enjoyed a perceptible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Oman (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal chain parts exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Oman increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest metal chain parts supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% 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 X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 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 (X%).

Metal Chain Parts Imports

Imports in GCC

In 2022, supplies from abroad of parts of chains of iron or steel decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal chain parts imports reduced markedly to $X in 2022. Overall, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

The United Arab Emirates was the largest importer of parts of chains of iron or steel in GCC, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Bahrain (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%) and Qatar (X%). Kuwait (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Bahrain, Oman and Kuwait increased by X, X, X and X percentage points, respectively.

In value terms, the largest metal chain parts importing markets in GCC were the United Arab Emirates ($X), Bahrain ($X) and Oman ($X), with a combined X% share of total imports.

Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. Overall, the import price enjoyed resilient growth. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform