MENA: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in MENA

The MENA's base metal flexible tubing market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Base Metal Flexible Tubing, Iron Or Steel in MENA

In value terms, base metal flexible tubing production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in MENA

In 2022, exports of base metal flexible tubing, iron or steel in MENA amounted to X tons, growing by X% compared with the year before. Overall, exports posted a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, base metal flexible tubing exports rose notably to $X in 2022. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the major exporter of base metal flexible tubing, iron or steel, constituting X% of total exports. Israel (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%) and Tunisia (X%).

From 2012 to 2022, average annual rates of growth with regard to base metal flexible tubing exports from Turkey stood at X%. At the same time, Israel (X%), the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of Israel (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tunisia (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

In value terms, the largest base metal flexible tubing supplying countries in MENA were Israel ($X), Turkey ($X) and Tunisia ($X), together comprising X% of total exports.

Among the main exporting countries, Israel, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined 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 Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in MENA

In 2022, purchases abroad of base metal flexible tubing, iron or steel was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal flexible tubing imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of base metal flexible tubing imports in 2022 were Morocco (X tons), Saudi Arabia (X tons), Turkey (X tons), the United Arab Emirates (X tons), Iraq (X tons), Israel (X tons), Iran (X tons) and Egypt (X tons), together amounting to X% of total import.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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