United Arab Emirates: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in the United Arab Emirates

The base metal clasp market in the United Arab Emirates shrank to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Base metal clasp consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Base Metal Clasp Exports

Exports from the United Arab Emirates

Base metal clasp exports from the United Arab Emirates soared to X tons in 2022, picking up by X% against the previous year. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, base metal clasp exports fell markedly to $X in 2022. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Iraq (X tons) was the main destination for base metal clasp exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, base metal clasp exports to Iraq exceeded the volume sent to the second major destination, Qatar (X tons), sevenfold. Tunisia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Tunisia (X% per year).

In value terms, Saudi Arabia ($X), Iraq ($X) and Qatar ($X) appeared to be the largest markets for base metal clasp exported from the United Arab Emirates worldwide, together accounting for X% of total exports. Oman, Kenya, Tunisia, Djibouti, the United States, Iran and Nigeria lagged somewhat behind, together comprising a further X%.

Tunisia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal clasp export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Djibouti ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Clasp Imports

Imports into the United Arab Emirates

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal imported into the United Arab Emirates dropped to X tons, waning by X% against 2021. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal clasp imports rose markedly to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), China (X tons) and Turkey (X tons) were the main suppliers of base metal clasp imports to the United Arab Emirates, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal clasp suppliers to the United Arab Emirates were China ($X), Italy ($X) and Switzerland ($X), together comprising X% of total imports. The Netherlands, Turkey, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, 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 base metal clasp import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Switzerland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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