GCC: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in GCC

In 2023, after two years of growth, there was significant decline in the GCC metal stud-link chain market, when its value decreased by X% to $X. In general, consumption, however, enjoyed moderate growth. Over the period under review, the market attained the maximum level at $X in 2022, and then fell significantly in the following year.

Metal Stud-Link Chain Production in GCC

In value terms, metal stud-link chain production totaled $X in 2023 estimated in export price. Overall, production showed mild growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Metal Stud-Link Chain Exports

Exports in GCC

In 2023, overseas shipments of iron/steel stud-link chain decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal stud-link chain exports dropped markedly to $X in 2023. In general, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2022, and then fell remarkably in the following year.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Oman (X tons), creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal stud-link chain exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest metal stud-link chain supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, metal stud-link chain exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%).

Metal Stud-Link Chain Imports

Imports in GCC

In 2023, after two years of growth, there was significant decline in purchases abroad of iron/steel stud-link chain, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, metal stud-link chain imports contracted markedly to $X in 2023. In general, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

The United Arab Emirates prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Oman (X tons), Bahrain (X tons) and Qatar (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to metal stud-link chain imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported iron/steel stud-link chain in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price saw a mild downturn. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform