Middle East: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in the Middle East

The Middle Eastern non-alloy steel h-sections market dropped to $X in 2022, which is down by X% against the previous year. In general, consumption, however, showed a mild increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Non-Alloy Steel H-Sections Production in the Middle East

In value terms, non-alloy steel h-sections production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Non-Alloy Steel H-Sections Exports

Exports in the Middle East

In 2022, shipments abroad of h-sections of of non-alloy steel increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, non-alloy steel h-sections exports soared to $X in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Turkey (X tons), creating a X% share of total exports. Bahrain (X tons) took a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the h-sections of of non-alloy steel exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. By contrast, Bahrain (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest non-alloy steel h-sections supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, non-alloy steel h-sections 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: Turkey (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Export price indicated a measured 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 h-sections export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Non-Alloy Steel H-Sections Imports

Imports in the Middle East

In 2022, after three years of decline, there was significant growth in purchases abroad of h-sections of of non-alloy steel, when their volume increased by X% to X tons. In general, imports, however, saw a abrupt curtailment. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports soared to $X in 2022. Over the period under review, imports, however, showed a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) was the key importer of h-sections of of non-alloy steel, mixing up X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Iraq (X%), Israel (X%) and Kuwait (X%). The following importers - Iran (X tons) and Qatar (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-alloy steel h-sections imports into Turkey stood at X%. At the same time, Iraq (X%), Israel (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Qatar experienced a relatively flat trend pattern. By contrast, Iran (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Iraq, Israel and Kuwait increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. 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

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Import price indicated a temperate 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 h-sections import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Israel ($X per ton) and Kuwait ($X per ton), while Iraq ($X per ton) and Qatar ($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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