Saudi Arabia: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Saudi Arabia

After three years of growth, the Saudi metal castor mounting market decreased by 99.9% to less than $X in 2022. In general, consumption posted a strong expansion. Metal castor mounting consumption peaked at $X in 2021, and then shrank markedly in the following year.

Metal Castor Mounting Production in Saudi Arabia

In value terms, metal castor mounting production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Metal castor mounting production peaked in 2022 and is expected to retain growth in years to come.

Metal Castor Mounting Exports

Exports from Saudi Arabia

In 2022, approx. X tons of castors with mountings of base metal were exported from Saudi Arabia; with an increase of 77% compared with the previous year's figure. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 6,473% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, metal castor mounting exports soared to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 4,422%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal castor mounting exports from Saudi Arabia, accounting for a approx. 98% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +36.8%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for castors with mountings of base metal exports from Saudi Arabia.

From 2018 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +11.1%.

Export Prices by Country

In 2022, the average metal castor mounting export price amounted to $X per ton, reducing by -11.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2020 when the average export price increased by 73%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2018 to 2022, the rate of growth in terms of prices for Sudan amounted to +4.4% per year.

Metal Castor Mounting Imports

Imports into Saudi Arabia

After two years of growth, supplies from abroad of castors with mountings of base metal decreased by -19.4% to X tons in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% 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 +44.4% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, metal castor mounting imports rose rapidly to $X in 2021. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 78%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest metal castor mounting supplier to Saudi Arabia, with a 66% share of total imports. Moreover, metal castor mounting imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.7% per year) and Italy (+7.7% per year).

In value terms, China ($X) constituted the largest supplier of castors with mountings of base metal to Saudi Arabia, comprising 38% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.5% per year) and Germany (+7.8% per year).

Import Prices by Country

The average metal castor mounting import price stood at $X per ton in 2021, increasing by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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