United Arab Emirates: Office Metal Staple Market 2024

Office Metal Staple Market Size in the United Arab Emirates

The office metal staple market in the United Arab Emirates dropped to $X in 2022, declining by -12.4% 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, consumption, however, posted a tangible increase. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Office Metal Staple Exports

Exports from the United Arab Emirates

Office metal staple exports from the United Arab Emirates was estimated at X tons in 2022, picking up by 2.5% compared with the previous year's figure. In general, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of 15%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, office metal staple exports amounted to $X in 2022. Over the period under review, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 83%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burundi (X tons), Tanzania (X tons) and Mozambique (X tons) were the main destinations of office metal staple exports from the United Arab Emirates, together accounting for 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +43.9%), while the other leaders experienced more modest paces of growth.

In value terms, Rwanda ($X), Burundi ($X) and Australia ($X) constituted the largest markets for office metal staple exported from the United Arab Emirates worldwide, with a combined 52% share of total exports.

Burundi, with a CAGR of +39.1%, recorded the highest rates of growth with regard to 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

In 2022, the average office metal staple export price amounted to $X per ton, rising by 2.5% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office metal staple export price decreased by -3.5% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 59%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Mozambique ($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 the United States (+39.1%), while the prices for the other major destinations experienced more modest paces of growth.

Office Metal Staple Imports

Imports into the United Arab Emirates

In 2022, the amount of base metal staples in strips for use in offices imported into the United Arab Emirates declined to X tons, waning by -6.1% against the year before. In general, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, office metal staple imports dropped to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), India (X tons) and Germany (X tons) were the main suppliers of office metal staple imports to the United Arab Emirates, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +5.0%), while purchases for the other leaders experienced a decline.

In value terms, India ($X), China ($X) and Germany ($X) appeared to be the largest office metal staple suppliers to the United Arab Emirates, with a combined 87% share of total imports.

India, with a CAGR of +7.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average office metal staple import price stood at $X per ton in 2022, waning by -7.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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