Middle East: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in the Middle East

After two years of growth, the Middle Eastern metal stud-link chain market decreased by X% to $X in 2023. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Metal Stud-Link Chain Production in the Middle East

In value terms, metal stud-link chain production expanded sharply to $X in 2023 estimated in export price. In general, production continues to indicate strong growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Metal Stud-Link Chain Exports

Exports in the Middle East

After three years of growth, shipments abroad of iron/steel stud-link chain decreased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then declined in the following year.

In value terms, metal stud-link chain exports shrank to $X in 2023. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped in the following year.

Exports by Country

Turkey represented the largest exporter of iron/steel stud-link chain in the Middle East, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports. Lebanon (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Lebanon (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.) and Lebanon (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest metal stud-link chain supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

In Turkey, metal stud-link chain exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

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

Metal Stud-Link Chain Imports

Imports in the Middle East

In 2023, after two years of growth, there was decline in supplies from abroad of iron/steel stud-link chain, when their volume decreased by X% to X tons. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, metal stud-link chain imports shrank markedly to $X in 2023. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

The United Arab Emirates represented the key importer of iron/steel stud-link chain in the Middle East, with the volume of imports recording X tons, which was near X% of total imports in 2023. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Iraq (X%). Oman (X tons) and Bahrain (X tons) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkey (X%), Oman (X%), Bahrain (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported iron/steel stud-link chain in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($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 expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: 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 2023, dropping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform