United Arab Emirates: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in the metal spring washer market in the United Arab Emirates, when its value increased by 5.1% to $X. In general, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Metal Spring Washer Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of iron or steel spring washers increased by 15% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 275% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal spring washer exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 205%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for metal spring washer exports from the United Arab Emirates, with a 55% share of total exports. Moreover, metal spring washer exports to India exceeded the volume sent to the second major destination, Mozambique (X tons), eightfold. The third position in this ranking was held by Tanzania (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +55.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+42.8% per year) and Tanzania (+3.4% per year).

In value terms, the largest markets for metal spring washer exported from the United Arab Emirates were India ($X), Egypt ($X) and Romania ($X), together accounting for 64% of total exports. Turkey, Germany, Mozambique, Tanzania and Rwanda lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Turkey, with a CAGR of +82.3%, 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

In 2022, the average metal spring washer export price amounted to $X per ton, rising by 21% against the previous year. In general, the export price recorded a resilient increase. The growth pace was the most rapid in 2020 when the average export price increased by 45% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Tanzania ($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 Turkey (+53.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of iron or steel spring washers decreased by -0.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 54% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metal spring washer imports rose sharply to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 78% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal spring washer to the United Arab Emirates, accounting for a 69% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+42.8% per year) and India (-8.3% per year).

In value terms, the largest metal spring washer suppliers to the United Arab Emirates were China ($X), the UK ($X) and Germany ($X), together comprising 46% of total imports.

The UK, with a CAGR of +44.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth appeared the most rapid in 2019 an increase of 67% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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