Saudi Arabia: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Saudi Arabia

The Saudi loose-leaf binder metal fitting market rose rapidly to $X in 2022, growing by 7.7% against the previous year. Overall, consumption, however, saw a sharp setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in Saudi Arabia

In value terms, loose-leaf binder metal fitting production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 64%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from Saudi Arabia

In 2022, overseas shipments of base metal fittings for loose-leaf binders or files increased by 119% to X kg, rising for the third year in a row after four years of decline. Over the period under review, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 157%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, loose-leaf binder metal fitting exports soared to $X in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 361%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X kg) was the main destination for loose-leaf binder metal fitting exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland was relatively modest.

From 2012 to 2022, the average annual growth rate of value to Switzerland was relatively modest.

Export Prices by Country

The average loose-leaf binder metal fitting export price stood at $X per ton in 2022, falling by -9.6% against the previous year. In general, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 101% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +10.4% per year.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into Saudi Arabia

In 2014, after two years of growth, there was significant decline in supplies from abroad of base metal fittings for loose-leaf binders or files, when their volume decreased by -14.2% to X tons. Overall, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, loose-leaf binder metal fitting imports fell dramatically to $X in 2014. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by 12% against the previous year. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2014, China (X tons) constituted the largest supplier of loose-leaf binder metal fitting to Saudi Arabia, with a 54% share of total imports. Moreover, loose-leaf binder metal fitting imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by Slovenia (X tons), with an 11% share.

From 2012 to 2014, the average annual rate of growth in terms of volume from China stood at -17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (0.0% per year) and Slovenia (-57.5% per year).

In value terms, China ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to Saudi Arabia, comprising 49% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 7.5% share.

From 2012 to 2014, the average annual growth rate of value from China stood at -24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-55.0% per year) and the United Arab Emirates (0.0% per year).

Import Prices by Country

The average loose-leaf binder metal fitting import price stood at $X per ton in 2014, dropping by -18.5% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 1%. As a result, import price reached the peak level of $X per ton, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by Slovenia (+5.9%).

Source: IndexBox Platform

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