MENA: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in MENA

In 2022, the MENA's concrete reinforcing bar market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a notable 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Concrete Reinforcing Bar Production in MENA

In value terms, concrete reinforcing bar production dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports in MENA

In 2022, concrete reinforcing bar exports in MENA shrank remarkably to X tons, which is down by X% on the previous year's figure. In general, exports recorded a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, concrete reinforcing bar exports dropped to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Turkey (X tons) represented the major exporter of concrete reinforcing bars, achieving X% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Oman (X%) and Iran (X%).

From 2012 to 2022, average annual rates of growth with regard to concrete reinforcing bar exports from Turkey stood at X%. At the same time, Oman (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Oman, the United Arab Emirates and Iran increased by X, X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest concrete reinforcing bar supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, 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 Oman (X% per year).

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 slight 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, concrete reinforcing bar export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Oman ($X per ton) and the United Arab Emirates ($X per ton), while Iran ($X per ton) and Turkey ($X per ton) were 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.

Concrete Reinforcing Bar Imports

Imports in MENA

Concrete reinforcing bar imports fell modestly to X tons in 2022, which is down by X% on the previous year's figure. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, concrete reinforcing bar imports contracted modestly to $X in 2022. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Iraq represented the main importing country with an import of about X tons, which recorded X% of total imports. Yemen (X tons) took the second position in the ranking, followed by Israel (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons) and Lebanon (X tons). All these countries together took near X% share of total imports. Turkey (X tons) and Syrian Arab Republic (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Among the main importing countries, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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