United Arab Emirates: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in the United Arab Emirates

The metal skid chain market in the United Arab Emirates reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Metal Skid Chain Production in the United Arab Emirates

In value terms, metal skid chain production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Metal Skid Chain Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of iron or steel skid chain increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports recorded significant growth. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal skid chain exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons), Oman (X tons) and Iraq (X tons) were the main destinations of metal skid chain exports from the United Arab Emirates, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal skid chain exported from the United Arab Emirates were Singapore ($X), Oman ($X) and Turkey ($X), together comprising X% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of X%, saw 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 2022, the average metal skid chain export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kazakhstan ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Skid Chain Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of iron or steel skid chain increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal skid chain imports surged to $X in 2022. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of metal skid chain to the United Arab Emirates, with a X% share of total imports. Moreover, metal skid chain imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and India (X% per year).

In value terms, Japan ($X) constituted the largest supplier of iron or steel skid chain to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average metal skid chain import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price recorded a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for the United States ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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