Middle East: Hot-Rolled Wire Rod Market 2020

Hot-Rolled Wire Rod Market Size in Middle East

The revenue of the hot-rolled wire rod market in Middle East amounted to $X in 2017, increasing by X% against the previous year. The hot-rolled wire rod consumption continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2010, when market value increased by X% against the previous year. Over the period under review, the hot-rolled wire rod market reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Hot-Rolled Wire Rod Production in Middle East

In 2017, hot-rolled wire rod production in Middle East amounted to X tons, picking up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. The volume of hot-rolled wire rod production peaked in 2017, and is expected to retain its growth in the near future.

Hot-Rolled Wire Rod Exports in Middle East

In 2017, hot-rolled wire rod exports in Middle East stood at X tons, growing by X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The growth pace was the most rapid in 2016, with an increase of X% year-to-year. The volume of exports peaked of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, hot-rolled wire rod exports amounted to $X in 2017. The total exports indicated a slight 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. Based on 2017 figures, the hot-rolled wire rod exports increased by +X% against 2015 indices. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Hot-Rolled Wire Rod Exports by Country in Middle East

Turkey dominates hot-rolled wire rod exports structure, resulting at X tons, which was near X% of total exports in 2017. The United Arab Emirates (X tons) held the mild share of total exports.

Turkey was also the fastest growing in terms of the hot-rolled wire rod exports, with a CAGR of +X% from 2007 to 2017. 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 Turkey saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, Turkey ($X) remains the largest hot-rolled wire rod supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports.

In Turkey, hot-rolled wire rod exports increased at an average annual rate of +X% over the period from 2007-2017.

Hot-Rolled Wire Rod Export Prices by Country in Middle East

In 2017, the hot-rolled wire rod export price in Middle East amounted to $X per ton, rising by X% against the previous year. The hot-rolled wire rod export price continues to indicate a slight drop. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Over the period under review, the export prices for hot-rolled wire rod reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in the United Arab Emirates ($X per ton) and Turkey ($X per ton), while Turkey ($X per ton) and the United Arab Emirates ($X per ton) were 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).

Hot-Rolled Wire Rod Imports in Middle East

In 2017, approx. X tons of hot-rolled wire rod were imported in Middle East; surging by X% against the previous year. The hot-rolled wire rod imports continue to indicate a slight slump. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. In that year, the hot-rolled wire rod imports reached their peak volume of X tons. From 2012 to 2017, growth of the hot-rolled wire rod imports stood at a somewhat lower level.

In value terms, hot-rolled wire rod imports totaled $X in 2017. The hot-rolled wire rod imports continue to indicate a significant slump. In that year, the hot-rolled wire rod imports reached their peak level of $X. From 2012 to 2017, growth of the hot-rolled wire rod imports stood at a somewhat lower level.

Hot-Rolled Wire Rod Imports by Country in Middle East

The countries with the highest levels of hot-rolled wire rod imports in 2017 were Saudi Arabia (X tons), Turkey (X tons) and Israel (X tons), together recording X% of total import. It was distantly followed by the United Arab Emirates (X tons), achieving X% share of total imports. Jordan (X tons), Lebanon (X tons), Oman (X tons), Iran (X tons) and Palestine (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled wire rod markets worldwide were Israel ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

Saudi Arabia (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Hot-Rolled Wire Rod Import Prices by Country in Middle East

The hot-rolled wire rod import price in Middle East stood at $X per ton in 2017, surging by X% against the previous year. The hot-rolled wire rod import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. In that year, the import prices for hot-rolled wire rod attained their peak level of $X per ton. From 2009 to 2017, growth of the import prices for hot-rolled wire rod stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Iran ($X per ton), while Saudi Arabia ($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 Iran (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform