Report Update Feb 1, 2025

Saudi Arabia - Iron or Steel Washers - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Metal Washer Market 2025

Metal Washer Market Size in Saudi Arabia

For the third year in a row, the Saudi metal washer market recorded decline in sales value, which decreased by -18.3% to $X in 2021. Over the period under review, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Washer Exports

Exports from Saudi Arabia

In 2021, after two years of decline, there was significant decline in overseas shipments of iron or steel washers, when their volume decreased by -7.2% to X tons. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 313%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal washer exports rose remarkably to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 730% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bahrain (X tons), Egypt (X tons) and Hong Kong SAR (X tons) were the main destinations of metal washer exports from Saudi Arabia, together accounting for 63% of total exports. Italy, Oman, France, the United Arab Emirates and Kuwait lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for iron or steel washers exports from Saudi Arabia, comprising 66% of total exports. The second position in the ranking was held by Bahrain ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+60.4% per year) and the United Arab Emirates (-19.3% per year).

Export Prices by Country

In 2021, the average metal washer export price amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 an increase of 101% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Egypt ($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 Bahrain (+28.1%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Washer Imports

Imports into Saudi Arabia

In 2021, approx. X tons of iron or steel washers were imported into Saudi Arabia; declining by -16.8% on 2020 figures. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 34%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, metal washer imports reduced dramatically to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by 51% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and India (X tons) were the main suppliers of metal washer imports to Saudi Arabia.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +45.7%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Japan ($X) and Germany ($X) appeared to be the largest metal washer suppliers to Saudi Arabia, together accounting for 58% of total imports.

In terms of the main suppliers, China, with a CAGR of -0.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average metal washer import price stood at $X per ton in 2021, with a decrease of -2.6% against the previous year. In general, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for China ($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 (+14.5%), 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 washers in the world?

The country with the largest volume of metal washer consumption was China, accounting for 26% of total volume. Moreover, metal washer 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 9.4% share.

What are the largest producers of iron or steel washers in the world?

The country with the largest volume of metal washer production was China, accounting for 44% of total volume. Moreover, metal washer production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Indonesia ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of iron or steel washers to Saudi Arabia?

In value terms, the largest metal washer suppliers to Saudi Arabia were China, Japan and Germany, with a combined 56% share of total imports. These countries were followed by Italy, the United Arab Emirates, Taiwan Chinese) and India, which together accounted for a further 18%.

What are the leading importers of iron or steel washers from Saudi Arabia?

In value terms, Japan emerged as the key foreign market for metal washer exports from Saudi Arabia, comprising 58% of total exports. The second position in the ranking was occupied by Bahrain, with an 11% share of total exports. It was followed by the United Arab Emirates, with a 9.8% share.

What is the average export price for iron or steel washers in Saudi Arabia?

The average metal washer export price stood at $34,084 per ton in 2021, picking up by 143% against the previous year.

What is the average import price for iron or steel washers in Saudi Arabia?

In 2021, the average metal washer import price amounted to $6,997 per ton, increasing by 3.6% against the previous year.

This report provides an in-depth analysis of the metal washer 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 25941230 - Iron or steel washers (excluding spring washers and other lock washers)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024