Middle East: Hot-Rolled Tool Steel Bar Market 2020

Hot-Rolled Tool Steel Bar Market Size in Middle East

The revenue of the hot-rolled tool steel bar market in Middle East amounted to $X in 2017, jumping by X% against the previous year. The hot-rolled tool steel bar consumption continues to indicate a temperate reduction. The growth pace was the most rapid in 2011, when market value increased by X% against the previous year. The level of hot-rolled tool steel bar consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Hot-Rolled Tool Steel Bar Production in Middle East

In 2017, approx. X tons of hot-rolled bars in tool steels were produced in Middle East; surging by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013, when it surged by X% against the previous year. The volume of hot-rolled tool steel bar production peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Hot-Rolled Tool Steel Bar Exports in Middle East

In 2017, exports of hot-rolled bars in tool steels in Middle East stood at X tons, growing by X% against the previous year. The hot-rolled tool steel bar exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. The volume of exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, hot-rolled tool steel bar exports totaled $X in 2017. The total exports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. In that year, the hot-rolled tool steel bar exports attained their peak level of $X. From 2012 to 2017, growth of the hot-rolled tool steel bar exports failed to regain its momentum.

Hot-Rolled Tool Steel Bar Exports by Country in Middle East

Turkey represented the major exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Iran (X tons), constituting X% share of total exports. Jordan (X tons) and the United Arab Emirates (X tons) occupied the minor share of total exports.

Exports from Turkey increased at an average annual rate of +X% from 2007 to 2017. At the same time, Jordan (+X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. Iran experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. The United Arab Emirates (X%) significantly strengthened its position in terms of the global exports, while Jordan and Turkey saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest hot-rolled tool steel bar supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Iran ($X), with a X% share of global exports. It was followed by Jordan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Turkey totaled +X%. In the other countries, the average annual rates were as follows: Iran (+X% per year) and Jordan (+X% per year).

Hot-Rolled Tool Steel Bar Export Prices by Country in Middle East

The hot-rolled tool steel bar export price in Middle East stood at $X per ton in 2017, rising by X% against the previous year. The hot-rolled tool steel bar export price continues to indicate a moderate drop. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. In that year, the export prices for hot-rolled bars in tool steels attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for hot-rolled bars in tool steels stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Jordan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Hot-Rolled Tool Steel Bar Imports in Middle East

The imports amounted to X tons in 2017, lowering by -X% against the previous year. The hot-rolled tool steel bar imports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2014, when imports increased by X% y-o-y. Over the period under review, the hot-rolled tool steel bar imports attained its peak figure volume of X tons in 2016, and then declined slightly in the following year.

In value terms, hot-rolled tool steel bar imports totaled $X in 2017. The hot-rolled tool steel bar imports continue to indicate a drastic shrinkage. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Hot-Rolled Tool Steel Bar Imports by Country in Middle East

Turkey represented the main importing country with an import of around X tons, which recorded X% of total imports. Lebanon (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Iran (X%) and the United Arab Emirates (X%). Saudi Arabia (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to hot-rolled tool steel bar imports into Turkey stood at +X%. At the same time, Saudi Arabia (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. Iran experienced a relatively flat trend pattern. By contrast, Lebanon (-X%) illustrated a downward trend over the same period. Lebanon (X%) significantly strengthened its position in terms of the global imports, while Saudi Arabia, the United Arab Emirates and Turkey saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported hot-rolled bars in tool steels in Middle East, making up X% of global imports. The second position in the ranking was occupied by Lebanon ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Turkey stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Lebanon (-X% per year) and the United Arab Emirates (+X% per year).

Hot-Rolled Tool Steel Bar Import Prices by Country in Middle East

The hot-rolled tool steel bar import price in Middle East stood at $X per ton in 2017, jumping by X% against the previous year. The hot-rolled tool steel bar import price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2017, an increase of X% year-to-year. Over the period under review, the import prices for hot-rolled bars in tool steels attained its maximum level of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Lebanon (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform