GCC: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in GCC

In 2022, the GCC non-malleable cast iron articles market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Articles Of Non-Malleable Cast Iron in GCC

In value terms, non-malleable cast iron articles production plummeted to $X in 2022 estimated in export price. In general, production saw a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in GCC

In 2022, overseas shipments of articles of non-malleable cast iron were finally on the rise to reach X tons after two years of decline. Overall, exports showed measured growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles exports surged to $X in 2022. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Saudi Arabia (X tons) and Oman (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-malleable cast iron articles exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest non-malleable cast iron articles supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, non-malleable cast iron articles exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in GCC

In 2022, purchases abroad of articles of non-malleable cast iron increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a noticeable contraction. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-malleable cast iron articles imports soared to $X in 2022. Overall, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X tons, which amounted to X% of total imports. Saudi Arabia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%), Bahrain (X%), Qatar (X%) and Oman (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest non-malleable cast iron articles importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total imports.

Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, leveling off at the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kuwait ($X per ton) and Qatar ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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