Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia - 2022
Contents:
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia (FOB) - 2022
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia (CIF) - 2022
- Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia
- Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia (FOB) - 2022
The average export price for clasps and frames with clasps stood at $13,393 per ton in 2021, declining by -14.1% against the previous year. Over the period under review, the export price, however, showed resilient growth. The growth pace was the most rapid in 2017 an increase of 166% against the previous year. As a result, the export price attained the peak level of $25,147 per ton. From 2018 to 2021, the average 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 Bahrain ($32,993 per ton), while the average price for exports to Yemen ($167 per ton) was amongst the lowest.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-74.6%).
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia (CIF) - 2022
The average import price for clasps and frames with clasps stood at $7,037 per ton in 2021, increasing by 21% against the previous year. In general, the import price saw pronounced growth. The pace of growth appeared the most rapid in 2014 an increase of 101% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($57,298 per ton), while the price for Italy ($2,553 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced a decline.
Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia
In 2022, after three years of growth, there was significant decline in overseas shipments of clasps and frames with clasps, when their volume decreased by -93.5% to 76 kg. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 486% against the previous year. As a result, the exports attained the peak of 1.2 tons, and then shrank remarkably in the following year.
In value terms, exports of clasps and frames with clasps contracted rapidly to $1.6K in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 403%. As a result, the exports attained the peak of $16K, and then contracted significantly in the following year.
| Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Bahrain | 3.1 | 9.4 | 203.2% | ||
| United Arab Emirates | N/A | 5.6 | 0% | ||
| Yemen | N/A | 0.7 | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 3.1 | 15.7 | 406.5% | ||
Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Saudi Arabia in 2022:
- Yemen (4.0 tons)
- United Arab Emirates (2.5 tons)
- Bahrain (0.3 tons)
Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia
In 2021, the amount of clasps and frames with clasps imported into Saudi Arabia fell to 500 tons, with a decrease of -2.4% compared with 2020 figures. In general, imports recorded a noticeable slump.
In value terms, imports of clasps and frames with clasps surged to $3.5M in 2021. The total import value increased at an average annual rate of +17.9% over the period from 2020 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| South Korea | N/A | 1,566 | 0% | ||
| China | 1,032 | 890 | -13.8% | ||
| Italy | N/A | 369 | 0% | ||
| United States | 355 | N/A | 0% | ||
| Turkey | 613 | N/A | 0% | ||
| Others | 984 | 693 | -29.6% | ||
| Total | 2,983 | 3,518 | 17.9% | ||
Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Saudi Arabia in 2022:
- China (273.9 tons)
- Italy (144.4 tons)
- South Korea (27.3 tons)
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