MENA: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in MENA

The MENA's iron or steel towers market reached $X in 2023, growing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Towers And Lattice Masts in MENA

In value terms, iron or steel towers production expanded remarkably to $X in 2023 estimated in export price. In general, production posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in MENA

In 2023, approx. X tons of iron or steel towers and lattice masts were exported in MENA; picking up by X% compared with 2022 figures. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, iron or steel towers exports skyrocketed to $X in 2023. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), committing an X% share of total exports. The following exporters - Saudi Arabia (X tons) and Egypt (X tons) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (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 2012-2023. By contrast, Saudi Arabia (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Egypt (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest iron or steel towers supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Iron Or Steel Towers And Lattice Masts

Imports in MENA

In 2023, overseas purchases of iron or steel towers and lattice masts were finally on the rise to reach X tons after two years of decline. In general, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, iron or steel towers imports soared to $X in 2023. Overall, imports recorded modest growth. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Morocco represented the key importing country with an import of around X tons, which resulted at X% of total imports. Iraq (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%) and Saudi Arabia (X%). The following importers - the United Arab Emirates (X tons), Turkey (X tons) and Kuwait (X tons) - each accounted for an X% share of total imports.

Morocco was also the fastest-growing in terms of the iron or steel towers and lattice masts imports, with a CAGR of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. Turkey experienced a relatively flat trend pattern. By contrast, Iraq (X%), Oman (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Morocco (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Iraq, Saudi Arabia, Oman and the United Arab Emirates saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported iron or steel towers and lattice masts in MENA, comprising X% of total imports. The second position in the ranking was held by Iraq ($X), with a X% share of total imports. It was followed by Oman, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Morocco amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (X% per year) and Oman (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by 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 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform