Middle East: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in the Middle East

For the eleventh consecutive year, the Middle Eastern agglomerated powder rod market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, enjoyed a remarkable increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Agglomerated Powder Rod Production in the Middle East

In value terms, agglomerated powder rod production reached $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Agglomerated Powder Rod Exports

Exports in the Middle East

In 2022, shipments abroad of base metal wire and rods of agglomerated base powder was finally on the rise to reach X tons after two years of decline. Total exports indicated a mild 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. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, agglomerated powder rod exports totaled $X in 2022. Overall, exports saw notable growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the key exporter of base metal wire and rods of agglomerated base powder, creating X% of total exports. Israel (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%) and Iran (X%).

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Iran and Israel increased by X, X and X percentage points, respectively.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. These countries were followed by Iran, which accounted for a further X%.

Iran, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, declining by X% against the previous year. Export price indicated a temperate increase 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, agglomerated powder rod export price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 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 ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Agglomerated Powder Rod Imports

Imports in the Middle East

After three years of decline, supplies from abroad of base metal wire and rods of agglomerated base powder increased by X% to X tons in 2022. In general, imports, however, saw a deep reduction. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, agglomerated powder rod imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main importer of base metal wire and rods of agglomerated base powder, committing X% of total imports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%), Israel (X%) and Oman (X%). The following importers - Iran (X tons) and Turkey (X tons) - each accounted for a X% share of total imports.

Imports into Saudi Arabia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Oman (X%), the United Arab Emirates (X%), Iran (X%) and Turkey (X%) illustrated a downward trend over the same period. While the share of Iraq (X p.p.), Saudi Arabia (X p.p.) and Israel (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (X p.p.), the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agglomerated powder rod importing markets in the Middle East were Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Israel, Iraq, Oman and Iran lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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