Price for Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates - 2022

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates (CIF) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates

Price for Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates (CIF) - 2022

The average import price for chain; articulated link, roller, of iron or steel stood at $7,403 per ton in 2022, with an increase of 37% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chain; articulated link, roller, of iron or steel increased by +71.8% against 2020 indices. 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 Germany ($26,366 per ton), while the price for South Korea ($2,991 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $8,973 per ton, with an increase of 189% against the previous year. In general, the export price saw buoyant growth. As a result, the export price attained 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 Saudi Arabia ($30,036 per ton), while the average price for exports to Bangladesh ($245 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 Sudan (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates

In 2022, purchases abroad of chain; articulated link, roller, of iron or steel decreased by -41.2% to 1.2K tons, falling for the second year in a row after two years of growth. In general, imports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. As a result, imports attained the peak of 2.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of chain; articulated link, roller, of iron or steel declined rapidly to $8.6M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to the United Arab Emirates in 2022:

1. China (401.1 tons)
2. Japan (218.2 tons)
3. India (197.8 tons)
4. South Korea (126.8 tons)
5. United States (76.8 tons)
6. Germany (46.8 tons)
7. Italy (37.3 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in the United Arab Emirates

In 2022, exports of chain; articulated link, roller, of iron or steel from the United Arab Emirates surged to 823 tons, picking up by 44% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 255%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of chain; articulated link, roller, of iron or steel soared to $7.4M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from the United Arab Emirates in 2022:

1. Iraq (203.1 tons)
2. Saudi Arabia (59.7 tons)
3. Iran (57.4 tons)
4. Bahrain (57.2 tons)
5. Oman (56.1 tons)
6. Azerbaijan (51.4 tons)
7. Bangladesh (34.7 tons)
8. Pakistan (34.5 tons)
9. China (32.4 tons)
10. Kenya (23.6 tons)
11. Uganda (17.3 tons)
12. Sudan (15.9 tons)
13. Japan (15.3 tons)

Source: IndexBox Market Intelligence Platform