United Arab Emirates: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in the United Arab Emirates

In 2021, the metal self-locking nut market in the United Arab Emirates decreased by -15.6% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Self-Locking Nut Exports

Exports from the United Arab Emirates

Metal self-locking nut exports from the United Arab Emirates declined rapidly to X tons in 2021, with a decrease of -34.8% against the previous year's figure. In general, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -41.1% against 2018 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal self-locking nut exports plummeted to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 65%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Morocco (X tons) was the main destination for metal self-locking nut exports from the United Arab Emirates, accounting for a 55% share of total exports. Moreover, metal self-locking nut exports to Morocco exceeded the volume sent to the second major destination, Oman (X tons), sevenfold. The third position in this ranking was held by India (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Morocco amounted to +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-11.5% per year) and India (+1.3% per year).

In value terms, the largest markets for metal self-locking nut exported from the United Arab Emirates were Morocco ($X), Oman ($X) and Germany ($X), with a combined 56% share of total exports.

Morocco, with a CAGR of +20.7%, recorded the highest rates of growth with regard to 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 self-locking nut export price stood at $X per ton in 2021, rising by 13% against the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 119%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Morocco ($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 Oman (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of iron or steel nuts (including self-locking nuts) were imported into the United Arab Emirates; shrinking by -21.9% compared with the previous year's figure. Overall, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, metal self-locking nut imports dropped to $X in 2021. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 165%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal self-locking nut supplier to the United Arab Emirates, accounting for a 82% share of total imports. Moreover, metal self-locking nut imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -2.3%.

In value terms, China ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to the United Arab Emirates, comprising 57% of total imports. The second position in the ranking was held by India ($X), with a 7.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.8%.

Import Prices by Country

In 2021, the average metal self-locking nut import price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price, however, saw a slight contraction. The pace of growth was the most pronounced in 2013 an increase of 94%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.1%).

Source: IndexBox Platform

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