Middle East: Metal Skid Chain Market 2025

Metal Skid Chain Market Size in the Middle East

The Middle Eastern metal skid chain market declined remarkably to $X in 2021, waning by -35.7% against the previous year. Over the period under review, consumption recorded a noticeable descent. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Skid Chain Production in the Middle East

In value terms, metal skid chain production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 72% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Metal Skid Chain Exports

Exports in the Middle East

In 2021, shipments abroad of iron or steel skid chain increased by 192% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal skid chain exports soared to $X in 2021. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the key exporter of iron or steel skid chain, comprising 70% of total exports. It was distantly followed by the United Arab Emirates (X tons), committing a 29% share of total exports.

Exports from Turkey increased at an average annual rate of +10.1% from 2012 to 2021. At the same time, the United Arab Emirates (+20.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +20.7% from 2012-2021. While the share of the United Arab Emirates (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-10.6 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2021.

The United Arab Emirates, with a CAGR of +40.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, picking up by 19% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2014 when the export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a 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 (+16.2%).

Metal Skid Chain Imports

Imports in the Middle East

In 2021, imports of iron or steel skid chain in the Middle East dropped dramatically to X tons, shrinking by -37.6% on 2020. In general, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 29% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, metal skid chain imports skyrocketed to $X in 2021. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 32%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Lebanon (X tons), Iraq (X tons), Iran (X tons) and the United Arab Emirates (X tons) represented roughly 81% of total imports in 2021. It was distantly followed by Yemen (X tons), making up a 5.5% share of total imports. Oman (X tons) and Qatar (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 key importing countries, was attained by Yemen (with a CAGR of +14.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Iraq ($X) constitutes the largest market for imported iron or steel skid chain in the Middle East, comprising 36% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Qatar, with a 9.2% share.

In Iraq, metal skid chain imports increased at an average annual rate of +26.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-14.2% per year) and Qatar (+4.2% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, rising by 94% against the previous year. In general, the import price recorded a strong expansion. The growth pace was the most rapid in 2018 an increase of 152% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+27.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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