Price for Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia (FOB) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia (CIF) - 2022
3. Exports of Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia
4. Imports of Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia

Price for Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $2,446 per ton in 2021, with an increase of 361% against the previous year. Overall, the export price, however, showed a abrupt contraction. Over the period under review, the average export prices attained the maximum at $21,709 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,076 per ton), while the average price for exports to Sudan ($149 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 the United Arab Emirates (+162.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $695 per ton in 2021, growing by 30% against the previous year. Overall, the import price, however, saw a drastic downturn. The import price peaked at $1,455 per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($1,557 per ton), while the price for China amounted to $605 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+220.4%), while the prices for the other major suppliers experienced a decline.

Exports of Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia

In 2022, overseas shipments of safety pins and other pins; of iron or steels decreased by -89.7% to 1.3 tons, falling for the second consecutive year after two years of growth. In general, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 7,277% against the previous year. As a result, the exports reached the peak of 331 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of safety pins and other pins; of iron or steels fell markedly to $3.1K in 2022. Overall, exports showed a significant decline. The pace of growth appeared the most rapid in 2020 when exports increased by 1,951% against the previous year. As a result, the exports attained the peak of $175K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Saudi Arabia in 2022:

1. Sudan (53.5 tons)
2. United Arab Emirates (6.9 tons)
3. Qatar (4.6 tons)
4. Bahrain (3.6 tons)
5. Oman (1.2 tons)

Imports of Safety Pins and Other Pins; of Iron or Steel in Saudi Arabia

Imports of safety pins and other pins; of iron or steels into Saudi Arabia declined notably to 25K tons in 2021, with a decrease of -26% on 2020 figures. Overall, imports faced a dramatic setback.

In value terms, imports of safety pins and other pins; of iron or steels shrank to $17M in 2021. In general, imports continue to indicate a noticeable curtailment.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Saudi Arabia in 2022:

1. China (22.8K tons)
2. Taiwan (Chinese) (1.1K tons)

Source: IndexBox Market Intelligence Platform