GCC: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2023

Market Size for Iron Or Steel Doors, Thresholds For Doors And Windows in GCC

The GCC market for iron or steel doors, thresholds for doors and windows declined to $X in 2022, shrinking by -5.4% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then fell in the following year.

Production of Iron Or Steel Doors, Thresholds For Doors And Windows in GCC

In value terms, production of iron or steel doors, thresholds for doors and windows amounted to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 90% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports in GCC

In 2022, approx. X units of iron or steel doors, thresholds for doors and windows were exported in GCC; reducing by -9.1% against 2021 figures. Over the period under review, exports, however, saw a temperate expansion. The growth pace was the most rapid in 2017 with an increase of 46%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of iron or steel doors, thresholds for doors and windows fell to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.9% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 59%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of around X units, which amounted to 73% of total exports. Saudi Arabia (X units) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Oman (8.6%).

From 2012 to 2022, average annual rates of growth with regard to iron or steel window and door exports from the United Arab Emirates stood at +3.5%. At the same time, Oman (+31.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +31.7% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. While the share of Oman (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-1.7 p.p.) and Saudi Arabia (-7.1 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest iron or steel window and door supplier in GCC, comprising 74% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 20% share of total exports.

In the United Arab Emirates, exports of iron or steel doors, thresholds for doors and windows expanded at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+3.6% per year) and Oman (+42.8% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, declining by -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2019 when the export price increased by 23%. The level of export peaked at $X per unit in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports in GCC

In 2022, the amount of iron or steel doors, thresholds for doors and windows imported in GCC fell notably to X units, with a decrease of -37.6% on 2021 figures. Overall, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of iron or steel doors, thresholds for doors and windows reduced modestly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 129%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of iron or steel doors, thresholds for doors and windows, namely Qatar, the United Arab Emirates and Oman, represented more than two-thirds of total import. It was distantly followed by Bahrain (X units), generating a 5.4% share of total imports. Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of +11.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported iron or steel doors, thresholds for doors and windows in GCC, comprising 30% of total imports. The second position in the ranking was held by Qatar ($X), with a 14% share of total imports. It was followed by Oman, with a 12% share.

In the United Arab Emirates, imports of iron or steel doors, thresholds for doors and windows declined by an average annual rate of -3.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-5.6% per year) and Oman (+4.1% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, growing by 56% against the previous year. Overall, the import price enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2014 when the import price increased by 134%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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