United Arab Emirates: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in the United Arab Emirates

In 2021, the metal skid chain market in the United Arab Emirates decreased by -94.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a dramatic decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Metal Skid Chain Production in the United Arab Emirates

In value terms, metal skid chain production rose notably to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 550%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Metal Skid Chain Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of iron or steel skid chain were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports saw a significant expansion. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal skid chain exports skyrocketed to $X in 2021. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait (X tons), Oman (X tons) and Zambia (X tons) were the main destinations of metal skid chain exports from the United Arab Emirates, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +92.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X) emerged as the key foreign market for iron or steel skid chain exports from the United Arab Emirates, comprising 89% of total exports. The second position in the ranking was held by Zambia ($X), with an 8.4% share of total exports. It was followed by Oman, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kuwait stood at +84.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+108.4% per year) and Oman (-5.5% per year).

Export Prices by Country

The average metal skid chain export price stood at $X per ton in 2021, which is down by -40.1% against the previous year. In general, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 734% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, 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 Saudi Arabia ($X per ton), while the average price for exports to Oman ($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 Zambia (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Skid Chain Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of iron or steel skid chain was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 455% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, metal skid chain imports surged to $X in 2021. In general, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 499%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of metal skid chain imports to the United Arab Emirates, with a combined 96% share of total imports. India and Oman lagged somewhat behind, together accounting for a further 3.8%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.6%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of iron or steel skid chain to the United Arab Emirates, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by India, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.5% per year) and India (+8.5% per year).

Import Prices by Country

In 2021, the average metal skid chain import price amounted to $X per ton, with an increase of 51% against the previous year. In general, the import price showed strong growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 138%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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