Saudi Arabia: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Saudi Arabia

In 2021, the Saudi metal stud-link chain market decreased by -92.7% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption saw a precipitous shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Metal Stud-Link Chain Production in Saudi Arabia

In value terms, metal stud-link chain production rose remarkably to $X in 2021 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Metal Stud-Link Chain Exports

Exports from Saudi Arabia

In 2021, shipments abroad of iron/steel stud-link chain increased by 205% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 724% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, metal stud-link chain exports surged to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 406% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal stud-link chain exports from Saudi Arabia, with a 90% share of total exports. Moreover, metal stud-link chain exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +81.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+521.6% per year) and India (-3.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for iron/steel stud-link chain exports from Saudi Arabia, comprising 94% of total exports. The second position in the ranking was held by Bahrain ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +114.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-33.0% per year) and India (-2.6% per year).

Export Prices by Country

In 2021, the average metal stud-link chain export price amounted to $X per ton, shrinking by -21.1% against the previous year. Over the period under review, the export price, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2019 an increase of 174% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Bahrain ($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 the United Arab Emirates (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Stud-Link Chain Imports

Imports into Saudi Arabia

In 2014, imports of iron/steel stud-link chain into Saudi Arabia was estimated at X tons, remaining stable against the previous year. Overall, imports posted a significant increase. The smallest decline of 99.9% was in 2013. Over the period under review, imports reached the maximum in 2014 and are likely to see gradual growth in the immediate term.

In value terms, metal stud-link chain imports amounted to $X in 2014. In general, imports continue to indicate a significant increase. The smallest decline of 99.9% was in 2013. Imports peaked in 2014 and are expected to retain growth in years to come.

Imports by Country

In 2014, China (X tons) constituted the largest metal stud-link chain supplier to Saudi Arabia, with a 60% share of total imports. Moreover, metal stud-link chain imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2014, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (0.0% per year) and Germany (-39.4% per year).

In value terms, Germany ($X) constituted the largest supplier of iron/steel stud-link chain to Saudi Arabia, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports.

From 2012 to 2014, the average annual growth rate of value from Germany totaled +191.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and Japan (0.0% per year).

Import Prices by Country

In 2014, the average metal stud-link chain import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price showed significant growth. The most prominent rate of growth was recorded in 2013 a decrease of 99.9%. Over the period under review, average import prices hit record highs in 2014 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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 2014, the most notable rate of growth in terms of prices was attained by the United States (+54.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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