Middle East: Market for Iron Or Steel Parts Of Articulated Link Chain 2025

Market Size for Iron Or Steel Parts Of Articulated Link Chain in the Middle East

In 2021, the Middle Eastern metal link chain parts market increased by 21% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in the Middle East

In value terms, metal link chain parts production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a drastic downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in the Middle East

In 2021, shipments abroad of iron or steel parts of articulated link chain increased by 93% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 102% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of 97% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was approx. 88% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), creating a 9.9% share of total exports.

Turkey was also the fastest-growing in terms of the iron or steel parts of articulated link chain exports, with a CAGR of +36.9% from 2012 to 2021. At the same time, the United Arab Emirates (+4.3%) displayed positive paces of growth. From 2012 to 2021, the share of Turkey increased by +75 percentage points.

In value terms, Turkey ($X) remains the largest metal link chain parts supplier in the Middle East, comprising 86% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports.

In Turkey, metal link chain parts exports increased at an average annual rate of +34.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, declining by -2.8% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts export price increased by +33.5% against 2018 indices. The growth pace was the most rapid in 2015 when the export price increased by 32%. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then fell modestly in the following year.

Average prices varied noticeably 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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.8%).

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in the Middle East

In 2021, imports of iron or steel parts of articulated link chain in the Middle East skyrocketed to X tons, with an increase of 508% compared with the year before. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts imports soared to $X in 2021. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 306%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Saudi Arabia prevails in imports structure, finishing at X tons, which was near 80% of total imports in 2021. The United Arab Emirates (X tons) took a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (5.8%). Iran (X tons) held a little share of total imports.

Saudi Arabia was also the fastest-growing in terms of the iron or steel parts of articulated link chain imports, with a CAGR of +33.3% from 2012 to 2021. At the same time, Iran (+28.6%), the United Arab Emirates (+8.1%) and Turkey (+5.9%) displayed positive paces of growth. Saudi Arabia (+48 p.p.) and Iran (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Turkey saw its share reduced by -10.4% and -12.7% from 2012 to 2021, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported iron or steel parts of articulated link chain in the Middle East, comprising 43% of total imports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia amounted to +17.2%. In the other countries, the average annual rates were as follows: Turkey (+8.0% per year) and the United Arab Emirates (+3.2% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, reducing by -57.6% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by 51%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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