Middle East: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in the Middle East

The Middle Eastern metal advertising sign market rose notably to $X in 2020, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Metal Advertising Sign Production in the Middle East

In value terms, metal advertising sign production rose sharply to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is likely to see gradual growth in the near future.

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Metal Advertising Sign Exports

Exports in the Middle East

In 2020, the amount of metal advertising signs exported in the Middle East reduced dramatically to X tons, dropping by X% on 2019 figures. Overall, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2020, the growth of the exports remained at a lower figure.

In value terms, metal advertising sign exports fell dramatically to $X in 2020. Over the period under review, exports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey was the largest exporter of metal advertising signs in the Middle East, with the volume of exports finishing at X tons, which was near X% of total exports in 2020. It was distantly followed by the United Arab Emirates (X tons), generating a X% share of total exports. The following exporters - Saudi Arabia (X tons), Israel (X tons), Oman (X tons) and Palestine (X tons) - each amounted to an X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2020. At the same time, Oman (X%) and Palestine (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2020. By contrast, the United Arab Emirates (X%), Israel (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates, Israel and Saudi Arabia saw its share reduced by X%, X% and X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2020, the average annual rate of growth in terms of value in Turkey was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2020, declining by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2020, 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 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports in the Middle East

Metal advertising sign imports shrank dramatically to X tons in 2020, with a decrease of X% compared with the previous year. In general, imports showed a perceptible curtailment. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2020, the growth of imports failed to regain momentum.

In value terms, metal advertising sign imports dropped notably to $X in 2020. Overall, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2019, and then declined rapidly in the following year.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X tons, which resulted at X% of total imports. Iraq (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%), Turkey (X%) and Saudi Arabia (X%). The following importers - Israel (X tons), Bahrain (X tons) and Kuwait (X tons) - together made up X% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the metal advertising signs imports, with a CAGR of X% from 2012 to 2020. At the same time, Israel (X%) and Turkey (X%) displayed positive paces of growth. By contrast, Bahrain (X%), Kuwait (X%), Oman (X%), Iraq (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of the United Arab Emirates, Turkey and Israel increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported metal advertising signs in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, metal advertising sign imports expanded at an average annual rate of X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2020, the import price in the Middle East amounted to $X per ton, which is down by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined notably in the following year.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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