Saudi Arabia: Threaded Metal Articles Market 2025

Threaded Metal Articles Market Size in Saudi Arabia

The Saudi threaded metal articles market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, showed a deep setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Threaded Metal Articles Exports

Exports from Saudi Arabia

In 2021, the amount of threaded articles of iron or steel exported from Saudi Arabia dropped remarkably to X tons, waning by -86.4% on the year before. Over the period under review, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2013 with an increase of 287% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, threaded metal articles exports dropped remarkably to $X in 2021. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 363% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for threaded metal articles exports from Saudi Arabia, with a 52% share of total exports. Moreover, threaded metal articles exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X kg), fivefold. The third position in this ranking was held by Ecuador (X kg), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-24.0% per year) and Ecuador (+0.4% per year).

In value terms, the largest markets for threaded metal articles exported from Saudi Arabia were Ecuador ($X), Colombia ($X) and the United Arab Emirates ($X), together accounting for 67% of total exports. These countries were followed by Mexico, Bahrain, Austria and Egypt, which together accounted for a further 26%.

In terms of the main countries of destination, Mexico, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average threaded metal articles export price stood at $X per ton in 2021, rising by 9.3% against the previous year. Over the period under review, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 229%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+77.2%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports into Saudi Arabia

After two years of decline, supplies from abroad of threaded articles of iron or steel increased by 28% to X tons in 2021. In general, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 31%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, threaded metal articles imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of threaded metal articles to Saudi Arabia, accounting for a 58% share of total imports. Moreover, threaded metal articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.3% per year) and the Netherlands (+21.3% per year).

In value terms, China ($X) constituted the largest supplier of threaded articles of iron or steel to Saudi Arabia, comprising 38% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.8% per year) and Germany (-8.3% per year).

Import Prices by Country

The average threaded metal articles import price stood at $X per ton in 2021, picking up by 23% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, threaded metal articles import price increased by +72.4% against 2016 indices. As a result, import price reached 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 South Korea (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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