MENA: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in MENA

The MENA's threaded metal articles market reduced markedly to $X in 2022, waning by X% against the previous year. In general, consumption, however, posted a buoyant expansion. The level of consumption peaked at $X in 2021, and then contracted significantly in the following year.

Threaded Metal Articles Production in MENA

In value terms, threaded metal articles production contracted notably to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Threaded Metal Articles Exports

Exports in MENA

In 2022, shipments abroad of threaded articles of iron or steel increased by X% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a buoyant expansion 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. 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 hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, threaded metal articles exports expanded markedly to $X in 2022. Total exports indicated buoyant growth 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 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) dominates exports structure, together creating X% of total exports. It was distantly followed by Oman (X tons), achieving a X% share of total exports. Israel (X tons) followed a long way behind the leaders.

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

In value terms, Turkey ($X) remains the largest threaded metal articles supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

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

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Oman ($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.

Threaded Metal Articles Imports

Imports in MENA

In 2022, supplies from abroad of threaded articles of iron or steel increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a slight downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, threaded metal articles imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of around X tons, which finished at X% of total imports. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Iraq (X%), Kuwait (X%), Israel (X%), Qatar (X%) and Algeria (X%).

From 2012 to 2022, average annual rates of growth with regard to threaded metal articles imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Israel (X%), Kuwait (X%), Iraq (X%), Algeria (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kuwait, Iraq, Israel, Qatar, Turkey, Algeria and the United Arab Emirates increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest threaded metal articles importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total imports. Iraq, Kuwait, Algeria and Qatar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Iraq, 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, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :