MENA: Metal Link Chain Market 2024

Metal Link Chain Market Size in MENA

The MENA's metal link chain market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Link Chain Production in MENA

In value terms, metal link chain production totaled $X in 2021 estimated in export price. In general, production, however, faced a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Metal Link Chain Exports

Exports in MENA

In 2021, approx. X tons of iron or steel articulated link chain were exported in MENA; with a decrease of -58.9% against the previous year. Over the period under review, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 338%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports plummeted to $X in 2021. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 151% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X tons, which recorded 57% of total exports. It was distantly followed by Turkey (X tons), committing a 36% share of total exports. Iran (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Iran (with a CAGR of +49.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 92% of total exports.

Iran, with a CAGR of +35.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, rising by 90% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.1%), while the other leaders experienced a decline in the export price figures.

Metal Link Chain Imports

Imports in MENA

In 2021, imports of iron or steel articulated link chain in MENA reduced sharply to X tons, which is down by -22.7% compared with the previous year's figure. Over the period under review, imports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal link chain imports dropped modestly to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons), Turkey (X tons), Morocco (X tons), the United Arab Emirates (X tons), Oman (X tons) and Egypt (X tons) represented the major importer of iron or steel articulated link chain in MENA, committing 83% of total import. Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of +28.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain importing markets in MENA were Turkey ($X), Saudi Arabia ($X) and Egypt ($X), with a combined 62% share of total imports. Morocco, Israel, the United Arab Emirates and Oman lagged somewhat behind, together comprising a further 26%.

Oman, with a CAGR of +14.2%, saw 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 2021, the import price in MENA amounted to $X per ton, growing by 28% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain import price increased by +40.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 40%. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform