Middle East: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in the Middle East

The Middle Eastern plastic pipe and hose market dropped to $X in 2022, reducing by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in the Middle East

In value terms, plastic pipe and hose production reduced rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports in the Middle East

Plastic pipe and hose exports shrank to X tons in 2022, which is down by X% compared with the year before. Overall, exports saw a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, plastic pipe and hose exports contracted slightly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Saudi Arabia (X tons) held the second position in the ranking, followed by Bahrain (X tons), the United Arab Emirates (X tons), Iran (X tons) and Israel (X tons). All these countries together took approx. X% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic pipe and hose exports from Turkey stood at X%. At the same time, Oman (X%), Bahrain (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain and Oman increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic pipe and hose supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, plastic pipe and hose exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports in the Middle East

In 2022, after three years of growth, there was decline in supplies from abroad of plastics tubes, pipes and hoses, and fitting, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, plastic pipe and hose imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Iraq represented the main importer of plastics tubes, pipes and hoses, and fitting in the Middle East, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Saudi Arabia (X tons) ranks second in terms of the total imports with an X% share, followed by Turkey (X%) and the United Arab Emirates (X%). Israel (X tons), Yemen (X tons), Kuwait (X tons), Qatar (X tons), Syrian Arab Republic (X tons), Oman (X tons) and Lebanon (X tons) took a little share of total imports.

Imports into Iraq increased at an average annual rate of X% from 2012 to 2022. At the same time, Syrian Arab Republic (X%), Turkey (X%), Israel (X%), Saudi Arabia (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Kuwait (X%), Oman (X%), Lebanon (X%) and Qatar (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), Turkey (X p.p.), Kuwait (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Lebanon, the United Arab Emirates, Oman and Qatar saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic pipe and hose importing markets in the Middle East were Iraq ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total imports. The United Arab Emirates, Israel, Kuwait, Yemen, Qatar, Oman, Lebanon and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Yemen, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform