United Arab Emirates: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in the United Arab Emirates

The market for iron or steel flat spiral or discs springs in the United Arab Emirates was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, showed a slight curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in the United Arab Emirates

In value terms, metal spiral or discs spring production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. Metal spiral or discs spring production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from the United Arab Emirates

In 2021, approx. X tons of iron or steel flat spiral or discs springs were exported from the United Arab Emirates; surging by 29% against the year before. Over the period under review, exports recorded modest growth. The pace of growth was the most pronounced in 2019 with an increase of 82%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal spiral or discs spring exports soared to $X in 2021. In general, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 54% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for metal spiral or discs spring exports from the United Arab Emirates, accounting for a 31% share of total exports. Moreover, metal spiral or discs spring exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), twofold. The third position in this ranking was held by Tanzania (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+18.2% per year) and Tanzania (+2.2% per year).

In value terms, the largest markets for metal spiral or discs spring exported from the United Arab Emirates were Oman ($X), Saudi Arabia ($X) and Mozambique ($X), together comprising 58% of total exports.

In terms of the main countries of destination, Mozambique, with a CAGR of +92.9%, 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

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, growing by 13% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Tanzania ($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 Yemen (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into the United Arab Emirates

In 2021, approx. X tons of iron or steel flat spiral or discs springs were imported into the United Arab Emirates; increasing by 31% compared with 2020. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 94%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 75%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of metal spiral or discs spring imports to the United Arab Emirates, together comprising 61% of total imports. These countries were followed by Germany, Singapore, the UK and Turkey, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +32.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spiral or discs spring suppliers to the United Arab Emirates were India ($X), China ($X) and the United States ($X), with a combined 40% share of total imports. Germany, the UK, Singapore and Turkey lagged somewhat behind, together accounting for a further 18%.

Turkey, with a CAGR of +25.7%, saw the highest growth rate of 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

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, growing by 20% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal spiral or discs spring import price increased by +22.6% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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