United Arab Emirates: Market for Welded Link Chain Of Iron Or Steel 2025

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

The metal welded link chain market in the United Arab Emirates soared to $X in 2021, with an increase of 130% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw buoyant growth. Metal welded link chain consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports from the United Arab Emirates

In 2021, after two years of decline, there was significant growth in shipments abroad of welded link chain of iron or steel, when their volume increased by 9.6% to X tons. Over the period under review, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 225%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal welded link chain exports contracted rapidly to $X in 2021. Overall, exports posted a perceptible expansion. The pace of growth was the most pronounced in 2016 when exports increased by 466% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons), Saudi Arabia (X tons) and the Philippines (X tons) were the main destinations of metal welded link chain exports from the United Arab Emirates, together accounting for 84% of total exports. Zimbabwe, Mozambique, Jordan, Egypt and the UK lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +91.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Saudi Arabia ($X) and Mozambique ($X) constituted the largest markets for metal welded link chain exported from the United Arab Emirates worldwide, together accounting for 90% of total exports. These countries were followed by Jordan, Egypt, the Philippines, Zimbabwe and the UK, which together accounted for a further 8.6%.

In terms of the main countries of destination, Jordan, with a CAGR of +72.5%, recorded the highest growth rate of 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 2021, the average metal welded link chain export price amounted to $X per ton, with a decrease of -44.8% against the previous year. In general, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2016 an increase of 104%. The export price peaked at $X per ton in 2020, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Zimbabwe ($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 Iran (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into the United Arab Emirates

In 2021, supplies from abroad of welded link chain of iron or steel increased by 97% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 121%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal welded link chain imports soared to $X in 2021. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of metal welded link chain to the United Arab Emirates, accounting for a 94% share of total imports. It was followed by Germany (X tons), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.1%.

In value terms, China ($X) constituted the largest supplier of welded link chain of iron or steel to the United Arab Emirates, comprising 78% of total imports. The second position in the ranking was taken by Germany ($X), with a 6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.1%.

Import Prices by Country

In 2021, the average metal welded link chain import price amounted to $X per ton, with an increase of 25% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.0%).

Source: IndexBox Platform

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