Middle East: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in the Middle East

In 2022, the Middle Eastern pressure-reducing iron valve market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Production in the Middle East

In value terms, pressure-reducing iron valve production contracted to $X in 2022 estimated in export price. Over the period under review, production posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports in the Middle East

In 2022, overseas shipments of pressure-reducing, control, check and safety valves increased by X% to X units, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, pressure-reducing iron valve exports soared to $X in 2022. Total exports indicated a buoyant increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) dominates exports structure, together achieving X% of total exports. It was distantly followed by Iran (X units), mixing up a X% share of total exports. The following exporters - Israel (X units) and Bahrain (X units) - each finished at an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined X% share of total exports. Iran and Bahrain lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, almost unchanged from the previous year. Overall, the export price, however, showed a modest increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Bahrain ($X per unit) 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.

Pressure-Reducing Iron Valve Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded decline in supplies from abroad of pressure-reducing, control, check and safety valves, which decreased by X% to X units in 2022. In general, imports showed a mild contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports shrank slightly to $X in 2022. Over the period under review, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly X% of total imports in 2022. Iraq (X units) took the next position in the ranking, followed by Kuwait (X units), Iran (X units) and Oman (X units). All these countries together took near X% share of total imports. Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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