MENA: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in MENA

In 2022, the MENA's metal self-locking nut market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Self-Locking Nut Production in MENA

In value terms, metal self-locking nut production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The pace of growth appeared the most rapid in 2015 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.

Metal Self-Locking Nut Exports

Exports in MENA

In 2022, the amount of iron or steel nuts (including self-locking nuts) exported in MENA surged to X tons, increasing by X% compared with 2021. Over the period under review, exports showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, metal self-locking nut exports surged to $X in 2022. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of iron or steel nuts (including self-locking nuts), constituting X% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up an X% share of total exports. Israel (X tons) held a little share of total exports.

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

In value terms, Turkey ($X) remains the largest metal self-locking nut supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

In Turkey, metal self-locking nut 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: Israel (X% per year) and the United Arab Emirates (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. In general, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Self-Locking Nut Imports

Imports in MENA

In 2022, overseas purchases of iron or steel nuts (including self-locking nuts) increased by X% to X tons for the first time since 2014, thus ending a seven-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, metal self-locking nut imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Iran (X tons), the United Arab Emirates (X tons) and Turkey (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Iraq (X tons), Morocco (X tons) and Israel (X tons), together achieving a X% share of total imports. Egypt (X tons) followed a long way behind the leaders.

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

In value terms, Turkey ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

In Turkey, metal self-locking nut imports 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: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

Source: IndexBox Platform

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