Middle East: Market for Hot-Rolled Bearing Steel Wire Rod 2019

Market Size for Hot-Rolled Wire Rod Of Bearing Steel in Middle East

The revenue of the hot-rolled bearing steel wire rod market in Middle East amounted to $X in 2017, falling by -X% against the previous year. The consumption of hot-rolled wire rod of bearing steel continues to indicate a drastic drop. The growth pace was the most rapid in 2014, with an increase of X% year-to-year. The level of consumption of hot-rolled wire rod of bearing steel peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Production of Hot-Rolled Wire Rod Of Bearing Steel in Middle East

In 2017, production of hot-rolled wire rod of bearing steel in Middle East totaled X tons, growing 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 in certain years. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. The volume of production of hot-rolled wire rod of bearing steel peaked in 2017, and is expected to retain its growth in the immediate term.

Exports of Hot-Rolled Wire Rod Of Bearing Steel in Middle East

In 2017, exports of hot-rolled wire rod of bearing steel in Middle East totaled X tons, jumping by X% against the previous year. The exports of hot-rolled wire rod of bearing steel continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2008, when it surged by X% against the previous year. The volume of exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, exports of hot-rolled wire rod of bearing steel totaled $X in 2017. The exports of hot-rolled wire rod of bearing steel continue to indicate an outstanding expansion. The level of exports peaked in 2017, and are expected to retain its growth in the immediate term.

Exports of Hot-Rolled Wire Rod Of Bearing Steel by Country in Middle East

The United Arab Emirates was the main exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Turkey (X tons), comprising X% share of total exports. Saudi Arabia (X tons) held the minor share of total exports.

The United Arab Emirates was also the fastest growing in terms of the hot-rolled wire rod of bearing steel exports, with a CAGR of +X% from 2007 to 2017. At the same time, Turkey (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. From 2007 to 2017, the share of Saudi Arabia, Turkey and the United Arab Emirates decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hot-rolled bearing steel wire rod markets worldwide were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Turkey (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices for Hot-Rolled Wire Rod Of Bearing Steel by Country in Middle East

In 2017, the export price for hot-rolled wire rod of bearing steel in Middle East amounted to $X per ton, remaining relatively unchanged against the previous year. The export price for hot-rolled wire rod of bearing steel continues to indicate a perceptible reduction. The growth pace was the most rapid in 2009, when the export prices increased by X% y-o-y. In that year, the export prices for hot-rolled wire rod of bearing steel reached their peak level of $X per ton. From 2010 to 2017, growth of the export prices for hot-rolled wire rod of bearing steel failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Turkey ($X per ton), while the United Arab Emirates ($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 Turkey (+X% per year), while the other leaders experienced a decline in the export price figures.

Imports of Hot-Rolled Wire Rod Of Bearing Steel in Middle East

The imports stood at X tons in 2017, coming down by -X% against the previous year. The imports of hot-rolled wire rod of bearing steel continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, imports of hot-rolled wire rod of bearing steel totaled $X in 2017. The imports of hot-rolled wire rod of bearing steel continue to indicate an abrupt downturn. Over the period under review, the imports of hot-rolled wire rod of bearing steel reached its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Imports of Hot-Rolled Wire Rod Of Bearing Steel by Country in Middle East

In 2017, Israel (X tons), Turkey (X tons) and Saudi Arabia (X tons) were the key importers of hot-rolled wire rod of bearing steel in Middle East, achieving X% of total import. Iran (X tons) took the second position in the ranking, followed by Jordan (X tons), Lebanon (X tons) and the United Arab Emirates (X tons). All these countries together occupied approx. X% share of total imports.

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

In value terms, Turkey ($X), Israel ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

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

Import Prices for Hot-Rolled Wire Rod Of Bearing Steel by Country in Middle East

The import price for hot-rolled wire rod of bearing steel in Middle East stood at $X per ton in 2017, approximately equating the previous year. The import price for hot-rolled wire rod of bearing steel continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2017, when the import prices increased by -X% against the previous year. The level of import price peaked of $X per ton in 2007; however, from 2008 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 ($X per ton), while Lebanon ($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 Turkey (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform