MENA: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in MENA

The MENA's metal welded link chain market shrank modestly to $X in 2021, approximately reflecting the previous year. In general, consumption saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then dropped modestly in the following year.

Production of Welded Link Chain Of Iron Or Steel in MENA

In value terms, metal welded link chain production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 64%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports in MENA

In 2021, overseas shipments of welded link chain of iron or steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2014 with an increase of 83%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, metal welded link chain exports surged to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 94%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. 92% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), making up a 6.1% share of total exports.

Turkey was also the fastest-growing in terms of the welded link chain of iron or steel exports, with a CAGR of +12.2% from 2012 to 2021. At the same time, the United Arab Emirates (+2.4%) displayed positive paces of growth. Turkey (+7.4 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -6.7% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest metal welded link chain supplier in MENA, comprising 88% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +10.2%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, with an increase of 3.5% against the previous year. In general, the export price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 53% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.1%).

Imports of Welded Link Chain Of Iron Or Steel

Imports in MENA

In 2021, supplies from abroad of welded link chain of iron or steel increased by 4.9% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, metal welded link chain imports skyrocketed to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The United Arab Emirates was the key importer of welded link chain of iron or steel in MENA, with the volume of imports finishing at X tons, which was near 45% of total imports in 2021. Saudi Arabia (X tons) took an 8.8% share (based on physical terms) of total imports, which put it in second place, followed by Iran (8.6%), Turkey (7.9%), Iraq (6.2%) and Israel (4.8%). Tunisia (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +5.4% from 2012 to 2021. At the same time, Iraq (+17.6%), Israel (+8.7%) and Turkey (+3.6%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of +17.6% from 2012-2021. Tunisia experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-3.2%) and Iran (-6.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Iraq and Israel increased by +13, +4.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported welded link chain of iron or steel in MENA, comprising 36% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Saudi Arabia, with a 9.8% share.

In the United Arab Emirates, metal welded link chain imports expanded at an average annual rate of +6.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+3.4% per year) and Saudi Arabia (+4.8% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 when the import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, 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 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 Saudi Arabia (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform