Price for Chain and Parts Thereof, of Iron or Steel in Saudi Arabia - 2022
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Saudi Arabia (FOB) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Saudi Arabia (CIF) - 2022
- Exports of Chain and Parts Thereof, of Iron or Steel in Saudi Arabia
- Imports of Chain and Parts Thereof, of Iron or Steel in Saudi Arabia
Price for Chain and Parts Thereof, of Iron or Steel in Saudi Arabia (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $5,127 per ton in 2021, jumping by 67% against the previous year. Over the period under review, the export price continues to indicate a strong increase. 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 destination: amid the top suppliers, the country with the highest price was Germany ($401,600 per ton), while the average price for exports to Bahrain ($2,031 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Saudi Arabia (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $2,919 per ton in 2021, which is down by -10.1% against the previous year. Overall, the import price recorded a noticeable slump. The growth pace was the most rapid in 2017 an increase of 27%. Over the period under review, average import prices attained the maximum at $4,538 per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15,081 per ton), while the price for China ($1,243 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chain and Parts Thereof, of Iron or Steel in Saudi Arabia
In 2022, overseas shipments of chain and parts thereof, of iron or steel decreased by -88.2% to 24 tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 667% against the previous year. As a result, the exports reached the peak of 299 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of chain and parts thereof, of iron or steel fell sharply to $106K in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 753%.
| Export of Chain and Parts Thereof, of Iron or Steel in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Oman | N/A | 359 | 513 | 42.9% | |
| United Arab Emirates | N/A | 269 | 421 | 56.5% | |
| Bahrain | 82.8 | 59.9 | 79.2 | -2.2% | |
| Kuwait | 2.7 | 127 | 6.0 | 49.1% | |
| China | N/A | 14.6 | N/A | 0% | |
| Others | 21.9 | 86.8 | 28.8 | 14.7% | |
| Total | 107 | 915 | 1,048 | 213.0% | |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Saudi Arabia in 2022:
- United Arab Emirates (105.8 tons)
- Oman (57.3 tons)
- Bahrain (39.0 tons)
- Kuwait (0.7 tons)
Imports of Chain and Parts Thereof, of Iron or Steel in Saudi Arabia
For the third consecutive year, Saudi Arabia recorded growth in supplies from abroad of chain and parts thereof, of iron or steel, which increased by 79% to 7.8K tons in 2021. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel surged to $22M in 2021. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 2.6 | 2.7 | 6.3 | 55.7% | |
| Germany | 2.9 | 2.5 | 3.1 | 3.4% | |
| Japan | 1.1 | 1.6 | 2.5 | 50.8% | |
| United States | 1.8 | 2.0 | 1.5 | -8.7% | |
| United Arab Emirates | 0.4 | 1.6 | 1.2 | 73.2% | |
| South Korea | N/A | 0.9 | 0.5 | -44.4% | |
| Spain | N/A | N/A | 0.5 | 0% | |
| Others | 3.3 | 2.7 | 6.3 | 38.2% | |
| Total | 12.2 | 14.1 | 21.9 | 34.0% | |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Saudi Arabia in 2022:
- China (5081.9 tons)
- United Arab Emirates (327.9 tons)
- Spain (321.1 tons)
- Japan (257.1 tons)
- Germany (204.6 tons)
- South Korea (179.3 tons)
- United States (121.7 tons)
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