United Arab Emirates: Metal Chain Market 2025

Metal Chain Market Size in the United Arab Emirates

The metal chain market in the United Arab Emirates skyrocketed to $X in 2022, with an increase of 16% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +5.6% against 2019 indices. Metal chain consumption peaked in 2022 and is expected to retain growth in years to come.

Metal Chain Production in the United Arab Emirates

In value terms, metal chain production fell slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 2,446%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Metal Chain Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of iron or steel chain were exported from the United Arab Emirates; almost unchanged from 2021. Overall, exports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 650%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal chain exports surged to $X in 2022. Over the period under review, exports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 573% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons), Burundi (X tons) and Chile (X tons) were the main destinations of metal chain exports from the United Arab Emirates, with a combined 50% share 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 Chile (with a CAGR of +120.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal chain exported from the United Arab Emirates were Kazakhstan ($X), Australia ($X) and Chile ($X), with a combined 42% share of total exports.

Chile, with a CAGR of +57.4%, recorded the highest growth rate of the value of exports, among 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 metal chain export price stood at $X per ton in 2022, with an increase of 24% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain export price decreased by -3.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 72%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average 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 Australia ($X per ton), while the average price for exports to Tanzania ($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 Azerbaijan (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into the United Arab Emirates

Metal chain imports into the United Arab Emirates shrank to X tons in 2022, which is down by -10% against the previous year's figure. Over the period under review, imports recorded a perceptible reduction. The growth pace was the most rapid in 2013 with an increase of 54% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal chain imports contracted dramatically to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 95%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain to the United Arab Emirates, with a 51% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.8% per year) and Belgium (-10.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel chain to the United Arab Emirates, comprising 42% of total imports. The second position in the ranking was held by Belgium ($X), with a 6.6% share of total imports. It was followed by Germany, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.5% per year) and Germany (+1.6% per year).

Import Prices by Country

The average metal chain import price stood at $X per ton in 2022, falling by -16% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain import price increased by +23.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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