MENA: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in MENA

In 2022, the MENA's metal flexible tubing market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Flexible Tubing Production in MENA

In value terms, metal flexible tubing production declined to $X in 2022 estimated in export price. In general, production showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal Flexible Tubing Exports

Exports in MENA

In 2022, shipments abroad of iron or steel flexible tubing increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, metal flexible tubing exports soared to $X in 2022. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey was the major exporter of iron or steel flexible tubing in MENA, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. Tunisia (X tons) took a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Tunisia and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest metal flexible tubing supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, metal flexible tubing exports expanded 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 Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Metal Flexible Tubing Imports

Imports in MENA

In 2022, imports of iron or steel flexible tubing in MENA reduced markedly to X tons, shrinking by X% against the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal flexible tubing imports shrank dramatically to $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Saudi Arabia represented the main importing country with an import of around X tons, which reached X% of total imports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%), Oman (X%) and Qatar (X%). The following importers - Iraq (X tons), Algeria (X tons), Israel (X tons), Tunisia (X tons), Iran (X tons), Egypt (X tons) and Morocco (X tons) - together made up X% of total imports.

Saudi Arabia was also the fastest-growing in terms of the iron or steel flexible tubing imports, with a CAGR of X% from 2012 to 2022. At the same time, Tunisia (X%), Egypt (X%) and Oman (X%) displayed positive paces of growth. Israel experienced a relatively flat trend pattern. By contrast, Iran (X%), Turkey (X%), the United Arab Emirates (X%), Qatar (X%), Morocco (X%), Iraq (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.), Iraq (X p.p.) and Algeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Turkey, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, reducing by X% against the previous year. Import price indicated tangible growth 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, metal flexible tubing import price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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