Middle East: Metal Reel Market 2020

Metal Reel Market Size in Middle East

The revenue of the metal reel market in Middle East amounted to $X in 2017, going up by X% against the previous year. The metal reel consumption continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. In that year, the metal reel market attained their peak level of $X. From 2009 to 2017, growth of the metal reel market failed to regain its momentum.

Metal Reel Production in Middle East

In 2017, production of iron or steel reels in Middle East amounted to X tons, standing approx. at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. The volume of metal reel production peaked in 2017, and is likely to continue its growth in the immediate term.

Metal Reel Exports in Middle East

In 2017, approx. X tons of iron or steel reels were exported in Middle East; shrinking by -X% against the previous year. The total exports indicated a prominent growth 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 reel exports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The volume of exports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, metal reel exports stood at $X in 2017. The total exports indicated a strong 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 metal reel exports increased by +X% against 2014 indices. In that year, the metal reel exports reached their peak level of $X. From 2009 to 2017, growth of the metal reel exports stood at a somewhat lower level.

Metal Reel Exports by Country in Middle East

Turkey prevails in metal reel exports structure, accounting for X tons, which was approx. X% of total exports in 2017. Saudi Arabia (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together occupied near X% share of total exports.

Turkey was also the fastest growing in terms of the iron or steel reels exports, with a CAGR of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. Turkey (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal reel supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports. 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 totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and the United Arab Emirates (+X% per year).

Metal Reel Export Prices by Country in Middle East

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

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Saudi Arabia ($X per ton) and the United Arab Emirates ($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 Saudi Arabia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Metal Reel Imports in Middle East

In 2017, metal reel imports in Middle East stood at X tons, declining by -X% against the previous year. The total imports indicated a strong growth 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 reel imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008, when imports increased by X% y-o-y. Over the period under review, the metal reel imports reached its maximum volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, metal reel imports stood at $X in 2017. The total imports indicated a strong growth 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 reel imports increased by +X% against 2014 indices. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Metal Reel Imports by Country in Middle East

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports of iron or steel reels in 2017. It was distantly followed by Saudi Arabia (X tons) and Iran (X tons), together comprising X% share of total imports. Israel (X tons), Kuwait (X tons), Jordan (X tons), Qatar (X tons), Oman (X tons) and Lebanon (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 Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal reel markets worldwide were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising X% of total imports.

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

Metal Reel Import Prices by Country in Middle East

In 2017, the metal reel import price in Middle East amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when the import prices increased by X% year-to-year. In that year, the import prices for iron or steel reels attained their peak level, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was Israel ($X per ton), while Lebanon ($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 Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform