Saudi Arabia - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Spring Washer Price in Saudi Arabia - 2021
Contents:
- Metal Spring Washer Price in Saudi Arabia (CIF) - 2022
- Metal Spring Washer Price in Saudi Arabia (FOB) - 2022
- Metal Spring Washer Imports in Saudi Arabia
- Metal Spring Washer Exports in Saudi Arabia
Metal Spring Washer Price in Saudi Arabia (CIF) - 2022
In 2021, the average metal spring washer import price amounted to $3,897 per ton, increasing by 48% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $4,302 per ton in 2013; however, from 2014 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 ($12,867 per ton), while the price for China ($1,076 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced a decline.
Metal Spring Washer Price in Saudi Arabia (FOB) - 2022
In 2022, the average metal spring washer export price amounted to $8,688 per ton, dropping by -36.8% against the previous year. Overall, the export price saw a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 142%. The export price peaked at $22,869 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($8,742 per ton), while the average price for exports to Bahrain ($1,861 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 Nigeria (+835.4%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Spring Washer Imports in Saudi Arabia
In 2021, overseas purchases of iron or steel spring washers decreased by -41.9% to 3.4K tons for the first time since 2018, thus ending a two-year rising trend. In general, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 0.9%. As a result, imports attained the peak of 5.9K tons, and then fell markedly in the following year.
In value terms, metal spring washer imports dropped to $13M in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 19%. As a result, imports attained the peak of $16M, and then shrank in the following year.
| Import of Metal Spring Washer in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 3.2 | 3.8 | 2.3 | -15.2% | |
| Germany | 1.6 | 1.6 | 2.3 | 19.9% | |
| Japan | 1.5 | 2.2 | 1.5 | 0.0% | |
| India | 0.8 | 0.6 | 0.6 | -13.4% | |
| Others | 5.8 | 7.4 | 6.7 | 7.5% | |
| Total | 13.0 | 15.5 | 13.3 | 1.1% | |
Top Suppliers of Metal Spring Washer to Saudi Arabia in 2022:
- China (2119.4 tons)
- Japan (655.7 tons)
- India (194.4 tons)
- Germany (178.5 tons)
Metal Spring Washer Exports in Saudi Arabia
In 2022, approx. 12 tons of iron or steel spring washers were exported from Saudi Arabia; picking up by 36% compared with the previous year. In general, exports, however, showed a relatively flat trend pattern.
In value terms, metal spring washer exports reduced to $100K in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 40%. As a result, the exports reached the peak of $117K, and then dropped in the following year.
| Export of Metal Spring Washer in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 47.0 | 0% |
| Germany | 0.9 | 9.0 | 20.1 | 2.0 | 30.5% |
| Bahrain | 1.9 | 4.5 | N/A | 0.2 | -52.8% |
| Rwanda | N/A | N/A | 12.9 | N/A | 0% |
| Oman | 45.6 | 6.7 | 2.6 | N/A | -76.1% |
| United Arab Emirates | 0.9 | 4.5 | N/A | N/A | 400.0% |
| Canada | N/A | N/A | 1.7 | N/A | 0% |
| Turkey | N/A | 4.3 | N/A | N/A | 0% |
| Others | 27.1 | 54.3 | 79.4 | 50.9 | 23.4% |
| Total | 76.5 | 83.3 | 117 | 100 | 9.3% |
Top Export Markets for Metal Spring Washer from Saudi Arabia in 2022:
- Canada (undefined tons)
- Denmark (5.4 tons)
- Germany (0.3 tons)
- Bahrain (0.1 tons)
This report provides an in-depth analysis of the metal spring washer market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25941210 - Iron or steel spring washers and other lock washers
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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