Middle East: Market for Process Control, Gate, Globe and Other Valves 2024

Market Size for Process Control, Gate, Globe and Other Valves in the Middle East

In 2022, the Middle Eastern market for process control, gate, globe and other valves decreased by X% to $X, falling for the fifth year in a row after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Process Control, Gate, Globe and Other Valves in the Middle East

In value terms, production of process control, gate, globe and other valves dropped to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Process Control, Gate, Globe and Other Valves

Exports in the Middle East

For the third consecutive year, the Middle East recorded growth in shipments abroad of process control, gate, globe and other valves, which increased by X% to X tons in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its volume 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 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of process control, gate, globe and other valves skyrocketed to $X in 2022. Total exports indicated a resilient 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 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) prevails in valves structure, together achieving X% of total exports. It was distantly followed by Israel (X tons), constituting a X% share of total exports. The following exporters - Iran (X tons) and Saudi Arabia (X tons) - together made up X% of total exports.

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

In value terms, the largest process control, gate, globe and other valves supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for X% of total exports. Iran and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Iran, 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 ton in 2022, flattening at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Process Control, Gate, Globe and Other Valves

Imports in the Middle East

Imports of process control, gate, globe and other valves reduced modestly to X tons in 2022, with a decrease of X% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of process control, gate, globe and other valves shrank to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented the largest importers of process control, gate, globe and other valves in 2022, recording near X% and X% of total imports, respectively. Turkey (X tons) ranks next in terms of the total imports with a X% share, followed by Iraq (X%), Kuwait (X%), Oman (X%) and Iran (X%).

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kuwait, Iraq, Oman and Iran lagged somewhat behind, together accounting for a further X%.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 ton, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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