MENA: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in MENA

In 2022, the MENA's market for ribbed or other deformed wire rod of non-alloy steel increased by X% to $X, rising for the eighth consecutive year after two years of decline. The total consumption indicated a perceptible expansion 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, consumption increased by X% against 2014 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in MENA

In value terms, deformed non-alloy steel wire rod production amounted to $X in 2022 estimated in export price. The total production indicated a noticeable expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 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.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in MENA

In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel exported in MENA fell significantly to X tons, with a decrease of X% compared with the year before. In general, exports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports declined to $X in 2022. Over the period under review, exports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Turkey was the main exporter of ribbed or other deformed wire rod of non-alloy steel in MENA, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Saudi Arabia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Algeria (X%). The following exporters - Egypt (X tons) and Jordan (X tons) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Jordan (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Algeria (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Saudi Arabia (X p.p.) and Algeria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest deformed non-alloy steel wire rod supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports. It was followed by Algeria, with a X% share.

In Turkey, deformed non-alloy steel wire rod 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: Saudi Arabia (X% per year) and Algeria (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a modest increase 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, deformed non-alloy steel wire rod export price increased by X% against 2020 indices. The growth pace was 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 in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Algeria ($X per ton) and Egypt ($X per ton), while Turkey ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in MENA

In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel imported in MENA contracted to X tons, waning by X% compared with 2021. Total imports indicated slight growth 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, deformed non-alloy steel wire rod imports totaled $X in 2022. Over the period under review, imports, however, enjoyed perceptible growth. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Israel was the key importer of ribbed or other deformed wire rod of non-alloy steel in MENA, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Yemen (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%) and Iraq (X%). Bahrain (X tons) followed a long way behind the leaders.

Imports into Israel increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Iraq (X%), Bahrain (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Israel (X p.p.), Yemen (X p.p.), Kuwait (X p.p.), Iraq (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel in MENA, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Israel amounted to X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Yemen (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. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) 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 import price figures.

Source: IndexBox Platform

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