Middle East: Metal Link Chain Market 2024

Metal Link Chain Market Size in the Middle East

In 2022, the Middle Eastern metal link chain market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a drastic downturn. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Metal Link Chain Production in the Middle East

In value terms, metal link chain production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Metal Link Chain Exports

Exports in the Middle East

In 2022, overseas shipments of iron or steel articulated link chain decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, metal link chain exports dropped to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of iron or steel articulated link chain, comprising X% of total exports. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports. The following exporters - Iran (X tons) and Bahrain (X tons) - each finished at a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Turkey (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest metal link chain supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, metal link chain exports 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: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded temperate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Metal Link Chain Imports

Imports in the Middle East

In 2022, the amount of iron or steel articulated link chain imported in the Middle East rose markedly to X tons, growing by X% against the year before. Total imports indicated modest 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metal link chain imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia was the largest importing country with an import of around X tons, which accounted for X% of total imports. Turkey (X tons) took the second position in the ranking, followed by Iran (X tons), the United Arab Emirates (X tons) and Oman (X tons). All these countries together took near X% share of total imports. Israel (X tons) and Iraq (X tons) followed a long way behind the leaders.

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

In value terms, the largest metal link chain importing markets in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Iran, Israel, Oman and Iraq lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, declining by X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price 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, metal link chain import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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 Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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