United Arab Emirates: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in the United Arab Emirates

The metal link chain parts market in the United Arab Emirates was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, showed a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in the United Arab Emirates

In value terms, metal link chain parts production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a deep reduction. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from the United Arab Emirates

After two years of growth, overseas shipments of iron or steel parts of articulated link chain decreased by -14.7% to X tons in 2021. Overall, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2014 with an increase of 241% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain parts exports surged to $X in 2021. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 159%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for metal link chain parts exports from the United Arab Emirates, with a 50% share of total exports. Moreover, metal link chain parts exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Sao Tome and Principe (X tons), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Oman totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+0.7% per year) and Sao Tome and Principe (-24.1% per year).

In value terms, Oman ($X), Saudi Arabia ($X) and Mozambique ($X) constituted the largest markets for metal link chain parts exported from the United Arab Emirates worldwide, together accounting for 83% of total exports. Zimbabwe, India, Denmark, Nigeria and Sao Tome and Principe lagged somewhat behind, together comprising a further 15%.

Denmark, with a CAGR of +73.8%, 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

In 2021, the average metal link chain parts export price amounted to $X per ton, growing by 41% 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 +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average export price increased by 84% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Sao Tome and Principe ($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 Sao Tome and Principe (+97.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into the United Arab Emirates

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported into the United Arab Emirates; increasing by 14% on the previous year's figure. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 255%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. In general, imports continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2015 with an increase of 188%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain parts to the United Arab Emirates, with a 74% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Denmark (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.0% per year) and Denmark (+267.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel parts of articulated link chain to the United Arab Emirates, comprising 28% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+48.5% per year) and Germany (-11.9% per year).

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, increasing by 78% against the previous year. In general, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2019 an increase of 127%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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