MENA: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in MENA

The MENA's non-alloy steel u-section market shrank slightly to $X in 2022, waning by X% against the previous year. In general, consumption showed a perceptible decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Alloy Steel U-Section Production in MENA

In value terms, non-alloy steel u-section production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Non-Alloy Steel U-Section Exports

Exports in MENA

In 2022, shipments abroad of u-sections of non-alloy steel increased by X% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, non-alloy steel u-section exports soared to $X in 2022. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%). The following exporters - Oman (X tons) and Palestine (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, Oman (X%), Iran (X%), Palestine (X%) and the United Arab Emirates (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 Iran, Oman and Palestine increased by X, X and X percentage points, respectively.

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

In Turkey, non-alloy steel u-section exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a noticeable expansion 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, non-alloy steel u-section export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Non-Alloy Steel U-Section Imports

Imports in MENA

In 2022, imports of u-sections of non-alloy steel in MENA fell to X tons, declining by X% against the previous year. Over the period under review, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel u-section imports expanded markedly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the major importer of u-sections of non-alloy steel in MENA, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Morocco (X tons) ranks second in terms of the total imports with an X% share, followed by Israel (X%), Egypt (X%), Kuwait (X%) and Algeria (X%). Iraq (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Egypt (X%), Kuwait (X%), Israel (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Algeria (X%) and Iraq (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Egypt, Kuwait, Morocco and Israel increased by X, X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported u-sections of non-alloy steel in MENA, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

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

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated measured 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, non-alloy steel u-section import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and Israel ($X per ton), while Iraq ($X per ton) and Algeria ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform

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