MENA: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in MENA

The MENA's metal anchors and grapnels market fell to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, showed a perceptible expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Iron Or Steel Anchors, Grapnels in MENA

In value terms, metal anchors and grapnels production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports in MENA

In 2022, overseas shipments of iron or steel anchors, grapnels decreased by X% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, metal anchors and grapnels exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the main exporter of iron or steel anchors, grapnels in MENA, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X units), Morocco (X units), Bahrain (X units) and Kuwait (X units), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal anchors and grapnels exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Morocco (X%), Bahrain (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.), Morocco (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal anchors and grapnels supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

In Turkey, metal anchors and grapnels 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: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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 Turkey ($X per unit), while Morocco ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Anchors, Grapnels

Imports in MENA

In 2022, metal anchors and grapnels imports in MENA declined rapidly to X units, falling by X% compared with the year before. Overall, imports continue to indicate a slight shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, metal anchors and grapnels imports rose rapidly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X units, which resulted at X% of total imports. Qatar (X units) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%), Oman (X%) and Morocco (X%). The following importers - Algeria (X units) and Israel (X units) - each recorded a X% share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of iron or steel anchors, grapnels. At the same time, Morocco (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Oman (X%), Israel (X%), Qatar (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Morocco (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (X p.p.) and Qatar (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 ($X) constitutes the largest market for imported iron or steel anchors, grapnels in MENA, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a modest expansion. The level of import peaked at $X per unit in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: 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 Israel (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :