Report Update Nov 1, 2024

Saudi Arabia - Iron or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Saudi Arabia

In 2021, after two years of growth, there was significant decline in the Saudi metal link chain market, when its value decreased by -38.4% to $X. In general, consumption continues to indicate a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Metal Link Chain Exports

Exports from Saudi Arabia

In 2021, shipments abroad of iron or steel articulated link chain increased by 198% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 10,341% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports surged to $X in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 7,728%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for metal link chain exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to +119.3%.

In value terms, Oman ($X) also remains the key foreign market for iron or steel articulated link chain exports from Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +148.9%.

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, picking up by 94% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2015 an increase of 99% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Azerbaijan amounted to +2,451.4% per year.

Metal Link Chain Imports

Imports into Saudi Arabia

In 2021, after two years of growth, there was significant decline in purchases abroad of iron or steel articulated link chain, when their volume decreased by -52.1% to X tons. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 74%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain imports dropped rapidly to $X in 2021. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 30%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to Saudi Arabia, with a 47% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.9% per year) and Germany (-8.5% per year).

In value terms, Germany ($X), China ($X) and Japan ($X) were the largest metal link chain suppliers to Saudi Arabia, together comprising 61% of total imports. Italy, South Korea and the United States lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, South Korea, with a CAGR of +6.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, growing by 44% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain import price increased by +20.3% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 51%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($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 (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel articulated link chain in the world?

China constituted the country with the largest volume of metal link chain consumption, comprising approx. 31% of total volume. Moreover, metal link chain consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 12% share.

What are the largest producers of iron or steel articulated link chain in the world?

China remains the largest metal link chain producing country worldwide, accounting for 38% of total volume. Moreover, metal link chain production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with an 11% share.

What are the leading suppliers of iron or steel articulated link chain to Saudi Arabia?

In value terms, China, Germany and the United Arab Emirates constituted the largest metal link chain suppliers to Saudi Arabia, together comprising 55% of total imports.

What are the leading importers of iron or steel articulated link chain from Saudi Arabia?

In value terms, the largest markets for metal link chain exported from Saudi Arabia were Bahrain, Oman and the United Arab Emirates, together accounting for 97% of total exports.

What is the average export price for iron or steel articulated link chain in Saudi Arabia?

The average metal link chain export price stood at $2,967 per ton in 2021, jumping by 21% against the previous year.

What is the average import price for iron or steel articulated link chain in Saudi Arabia?

In 2021, the average metal link chain import price amounted to $3,096 per ton, rising by 4.9% against the previous year.

This report provides an in-depth analysis of the metal link chain market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28152170 - Iron or steel articulated link chain (excluding roller chain)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023