MENA: Prepared Binders Market 2024

Prepared Binders Market Size in MENA

For the third consecutive year, the MENA's prepared binders market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption recorded prominent growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Prepared Binders Production in MENA

In value terms, prepared binders production totaled $X in 2022 estimated in export price. Overall, production saw a resilient increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Prepared Binders Exports

Exports in MENA

In 2022, shipments abroad of prepared binders for foundry moulds or cores decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared binders exports contracted to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Israel (X tons) and Turkey (X tons) represented the main exporters of prepared binders for foundry moulds or cores in MENA, together reaching approx. X% of total exports. The United Arab Emirates (X tons) ranks next in terms of the total exports with a X% share, followed by Egypt (X%). Iran (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest prepared binders supplying countries in MENA were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Israel, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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, rising by X% against the previous year. Export price indicated notable 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, prepared binders export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Turkey (X%), while the other leaders experienced more modest paces of growth.

Prepared Binders Imports

Imports in MENA

Prepared binders imports surged to X tons in 2022, rising by X% compared with the year before. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, prepared binders imports skyrocketed to $X in 2022. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Egypt (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Turkey (X tons) and Iran (X tons) were the key importers of prepared binders for foundry moulds or cores, together mixing up X% of total imports. Tunisia (X tons) and Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported prepared binders for foundry moulds or cores in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Iran, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Egypt totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 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 Egypt ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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