Saudi Arabia: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Saudi Arabia

In 2022, after three years of growth, there was significant decline in the Saudi metal self-tapping screw market, when its value decreased by 99.9% to less than $X. In general, consumption showed a modest expansion. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Metal Self-Tapping Screw Production in Saudi Arabia

In value terms, metal self-tapping screw production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the near future.

Metal Self-Tapping Screw Exports

Exports from Saudi Arabia

In 2022, approx. X kg of iron or steel self-tapping screws were exported from Saudi Arabia; reducing by -38.7% against 2021. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 1,254%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, metal self-tapping screw exports contracted notably to $X in 2022. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 841% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg), India (X kg) and Switzerland (X kg) were the main destinations of metal self-tapping screw exports from Saudi Arabia, with a combined 57% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +160.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for iron or steel self-tapping screws exports from Saudi Arabia, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Austria, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at -43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+259.1% per year) and Austria (-10.7% per year).

Export Prices by Country

In 2022, the average metal self-tapping screw export price amounted to $X per ton, waning by -3.1% against the previous year. In general, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 199% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports into Saudi Arabia

In 2021, supplies from abroad of iron or steel self-tapping screws increased by 18% to X tons, rising for the third consecutive year after three years of decline. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% 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 +106.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, metal self-tapping screw imports surged to $X in 2021. Over the period under review, imports saw slight growth. The pace of growth appeared the most rapid in 2020 with an increase of 44%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of metal self-tapping screw imports to Saudi Arabia, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +7.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest metal self-tapping screw suppliers to Saudi Arabia, with a combined 82% share of total imports.

In terms of the main suppliers, China, with a CAGR of +2.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal self-tapping screw import price stood at $X per ton in 2021, growing by 14% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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