MENA: Market for Process Control, Gate, Globe and Other Valves 2024

Market Size for Process Control, Gate, Globe and Other Valves in MENA

In 2022, the MENA's market for process control, gate, globe and other valves decreased by X% to $X, falling for the fifth consecutive year after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Process Control, Gate, Globe and Other Valves in MENA

In value terms, production of process control, gate, globe and other valves contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2018 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 Process Control, Gate, Globe and Other Valves

Exports in MENA

In 2022, shipments abroad of process control, gate, globe and other valves increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a resilient increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of process control, gate, globe and other valves soared to $X in 2022. Total exports indicated a resilient increase 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, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) prevails in valves structure, together generating X% of total exports. It was distantly followed by Israel (X tons), committing a X% share of total exports. Iran (X tons), Saudi Arabia (X tons) and Tunisia (X tons) took a minor share of total exports.

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

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Tunisia, Iran and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Iran, 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

The export price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 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 Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Imports of Process Control, Gate, Globe and Other Valves

Imports in MENA

In 2022, overseas purchases of process control, gate, globe and other valves decreased by X% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of process control, gate, globe and other valves declined to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly X% of total imports in 2022. Turkey (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%), Algeria (X%) and Kuwait (X%). The following importers - Oman (X tons), Morocco (X tons), Iran (X tons), Israel (X tons), Libya (X tons), Egypt (X tons) and Bahrain (X tons) - together made up X% of total imports.

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

In value terms, the largest process control, gate, globe and other valves importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), together comprising X% of total imports. Kuwait, Algeria, Iraq, Israel, Oman, Egypt, Morocco, Iran, Libya and Bahrain lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in MENA amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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