Saudi Arabia: Barbed Wire Market 2024

Barbed Wire Market Size in Saudi Arabia

After two years of growth, the Saudi barbed wire market decreased by -64.7% to $X in 2021. Over the period under review, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Barbed Wire Production in Saudi Arabia

In value terms, barbed wire production shrank to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 58%. Over the period under review, production reached the maximum level at $X in 2020, and then declined in the following year.

Barbed Wire Exports

Exports from Saudi Arabia

In 2021, the amount of barbed wire and entanglements exported from Saudi Arabia soared to X tons, rising by 434% against the year before. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, barbed wire exports surged to $X in 2021. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X tons) was the main destination for barbed wire exports from Saudi Arabia, accounting for a 12% share of total exports. Moreover, barbed wire exports to Jordan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Jordan totaled +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+28.4% per year) and Oman (-52.0% per year).

In value terms, Jordan ($X) remains the key foreign market for barbed wire and entanglements exports from Saudi Arabia, comprising 10% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Jordan amounted to +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+27.3% per year) and Oman (-28.1% per year).

Export Prices by Country

In 2021, the average barbed wire export price amounted to $X per ton, increasing by 14% against the previous year. Overall, the export price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2019 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

Barbed Wire Imports

Imports into Saudi Arabia

In 2020, overseas purchases of barbed wire and entanglements increased by 56% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, saw a abrupt slump. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, barbed wire imports surged to $X in 2020. Overall, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Egypt (X tons) and India (X tons) were the main suppliers of barbed wire imports to Saudi Arabia, with a combined 50% share of total imports. Moreover, barbed wire imports in China exceeded the figures recorded by the second-largest supplier, Egypt, fourfold.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +47.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest barbed wire suppliers to Saudi Arabia were China ($X), Egypt ($X) and South Africa ($X), with a combined 50% share of total imports. Moreover, barbed wire imports in China exceeded the figures recorded by the second-largest supplier, Egypt, fourfold.

Egypt, with a CAGR of +45.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average barbed wire import price amounted to less than $X per ton, declining by 99.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 35%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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