Middle East: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in the Middle East

The Middle Eastern metal stud-link chain market shrank to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Stud-Link Chain Production in the Middle East

In value terms, metal stud-link chain production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Metal Stud-Link Chain Exports

Exports in the Middle East

Metal stud-link chain exports soared to X tons in 2022, growing by X% on 2021 figures. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal stud-link chain exports surged to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) were the key exporters of iron/steel stud-link chain in 2022, accounting for approx. X% and X% of total exports, respectively. Oman (X tons) ranks next in terms of the total exports with a X% share, followed by Bahrain (X%). Lebanon (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Oman ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the export price figures.

Metal Stud-Link Chain Imports

Imports in the Middle East

In 2022, the amount of iron/steel stud-link chain imported in the Middle East rose sharply to X tons, increasing by X% on 2021 figures. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal stud-link chain imports surged to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the key importer of iron/steel stud-link chain, generating X% of total imports. Turkey (X tons) held the second position in the ranking, distantly followed by Oman (X tons) and Iraq (X tons). All these countries together took near X% share of total imports. Qatar (X tons) and Bahrain (X tons) took a minor share of total imports.

From 2012 to 2022, 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%), Bahrain (X%), Turkey (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Oman, Iraq and Bahrain increased by X, X, X and X percentage points, respectively.

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

In the United Arab Emirates, metal stud-link chain imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Iraq (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iraq ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :