United Arab Emirates: Metal Link Chain Market 2024

Metal Link Chain Market Size in the United Arab Emirates

In 2021, the metal link chain market in the United Arab Emirates was finally on the rise to reach $X after three years of decline. Overall, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Link Chain Production in the United Arab Emirates

In value terms, metal link chain production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% 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 -24.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 49%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Metal Link Chain Exports

Exports from the United Arab Emirates

In 2021, the amount of iron or steel articulated link chain exported from the United Arab Emirates dropped rapidly to X tons, reducing by -73.1% against the previous year. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 712% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports declined remarkably to $X in 2021. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 567% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), Kuwait (X tons) and Bahrain (X tons) were the main destinations of metal link chain exports from the United Arab Emirates, with a combined 87% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +44.5%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Kuwait ($X) and Bahrain ($X) were the largest markets for metal link chain exported from the United Arab Emirates worldwide, together comprising 81% of total exports.

Among the main countries of destination, Kuwait, with a CAGR of +42.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, rising by 35% against the previous year. In general, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain export price decreased by -27.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Bahrain ($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 Qatar (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into the United Arab Emirates

In 2021, metal link chain imports into the United Arab Emirates skyrocketed to X tons, rising by 68% against the previous year. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain imports soared to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.3% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by 59%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to the United Arab Emirates, with a 78% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. Germany (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +60.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.7% per year) and Germany (-9.9% per year).

In value terms, China ($X), Germany ($X) and India ($X) were the largest metal link chain suppliers to the United Arab Emirates, together accounting for 76% of total imports.

Among the main suppliers, China, with a CAGR of +46.7%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, declining by -26.7% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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