Middle East: Metal Nut Market 2020

Metal Nut Market Size in Middle East

The revenue of the metal nut market in Middle East amounted to $X in 2017, approximately reflecting the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. In that year, the metal nut market reached their peak level of $X. From 2009 to 2017, growth of the metal nut market stood at a somewhat lower level.

Metal Nut Production in Middle East

The metal nut production amounted to X tons in 2017, standing approx. at the previous year. The metal nut production continues to indicate a temperate decline. The growth pace was the most rapid in 2008, when the output figure increased by X% year-to-year. In that year, the metal nut production reached their peak volume of X tons. From 2009 to 2017, growth of the metal nut production stood at a somewhat lower level.

Metal Nut Exports in Middle East

In 2017, metal nut exports in Middle East totaled X tons, coming up by X% against the previous year. The metal nut exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010, when exports increased by X% year-to-year. The volume of exports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, metal nut exports amounted to $X in 2017. The metal nut exports continue to indicate a prominent expansion. Over the period under review, the metal nut exports reached its maximum level in 2017, and are expected to retain its growth in the near future.

Metal Nut Exports by Country in Middle East

In 2017, Turkey (X tons) was the main exporter for iron or steel nuts, creating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving X% share of total exports.

Turkey was also the fastest growing in terms of the iron or steel nuts exports, with a CAGR of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. While the share of the United Arab Emirates (-X%) and Turkey (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in Turkey amounted to +X%.

Metal Nut Export Prices by Country in Middle East

The metal nut export price in Middle East stood at $X per ton in 2017, going down by -X% against the previous year. The metal nut export price continues to indicate a measured decline. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. In that year, the export prices for iron or steel nuts reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for iron or steel nuts failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, 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 the United Arab Emirates (-X% per year).

Metal Nut Imports in Middle East

In 2017, imports of iron or steel nuts in Middle East stood at X tons, coming up by X% against the previous year. The total imports indicated a strong expansion from 2007 to 2017: its volume 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 metal nut imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, the metal nut imports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, metal nut imports amounted to $X in 2017. The total imports indicated a prominent expansion 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 metal nut imports increased by +X% against 2009 indices. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Metal Nut Imports by Country in Middle East

Iran represented the key importing country with an import of about X tons, which finished at X% of total imports. Turkey (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Saudi Arabia (X%). The following importers - Israel (X tons), Qatar (X tons) and Kuwait (X tons) each recorded a X% share of total imports.

Iran was also the fastest growing in terms of the iron or steel nuts imports, with a CAGR of +X% from 2007 to 2017. At the same time, Kuwait (+X%), the United Arab Emirates (+X%), Qatar (+X%) and Turkey (+X%) displayed positive paces of growth. Israel and Saudi Arabia experienced a relatively flat trend pattern. While the share of Turkey (-X%), the United Arab Emirates (-X%) and Iran (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported iron or steel nuts in Middle East, making up X% of global imports. The second position in the ranking was occupied by Iran ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, metal nut imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Iran (+X% per year) and the United Arab Emirates (+X% per year).

Metal Nut Import Prices by Country in Middle East

In 2017, the metal nut import price in Middle East amounted to $X per ton, falling by -X% against the previous year. The metal nut import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, an increase of X% against the previous year. The level of import price peaked of $X per ton in 2008; however, from 2009 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 Turkey ($X per ton), while Iran ($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 Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform