Middle East: Welded Sections Market 2020

Welded Sections Market Size in Middle East

The revenue of the welded sections market in Middle East amounted to $X in 2017, growing by X% against the previous year. The welded sections consumption continues to indicate a strong growth. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. In that year, the welded sections market reached their peak level, and is likely to continue its growth in the immediate term.

Welded Sections Production in Middle East

In 2017, approx. X tons of welded sections were produced in Middle East; reducing by -X% against the previous year. The welded sections production continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2014, when the output figure increased by X% y-o-y. Over the period under review, the welded sections production attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Welded Sections Exports in Middle East

In 2017, the amount of welded sections exported in Middle East amounted to X tons, dropping by -X% against the previous year. The welded sections exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014, with an increase of X% year-to-year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, welded sections exports amounted to $X in 2017. The welded sections exports continue to indicate an abrupt deduction. The level of exports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Welded Sections Exports by Country in Middle East

The exports of the three major exporters of welded sections, namely the United Arab Emirates, Turkey and Saudi Arabia, represented more than two-thirds of total export. Palestine (X tons) held the second position in the ranking, followed by Kuwait (X tons). All these countries together occupied near X% share of total exports. Qatar (X tons) took the minor share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest welded sections markets worldwide were Turkey ($X), the United Arab Emirates ($X) and Palestine ($X), together accounting for X% of total exports.

Turkey (+X% per year) recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced mixed trends in the exports figures.

Welded Sections Export Prices by Country in Middle East

In 2017, the welded sections export price in Middle East amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when the export prices increased by X% against the previous year. In that year, the export prices for welded sections reached their peak level, and is likely to continue its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Palestine ($X per ton), while Qatar ($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 Palestine (+X% per year), while the other leaders experienced a decline in the export price figures.

Welded Sections Imports in Middle East

The imports amounted to X tons in 2017, dropping by -X% against the previous year. The welded sections imports continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2014, when imports increased by X% year-to-year. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, welded sections imports amounted to $X in 2017. The welded sections imports continue to indicate a deep downturn. Over the period under review, the welded sections imports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Welded Sections Imports by Country in Middle East

Saudi Arabia represented the largest importing country with an import of around X tons, which accounted for X% of total imports. Qatar (X tons) ranks second in terms of the global imports with a X% share, followed by the United Arab Emirates (X%), Kuwait (X%) and Israel (X%). The following importers - Bahrain (X tons) and Turkey (X tons) each accounted for a X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to welded sections imports into Saudi Arabia stood at -X%. At the same time, Israel (+X%), Turkey (+X%) and Kuwait (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%), Bahrain (-X%) and Qatar (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Qatar, Saudi Arabia, Bahrain and the United Arab Emirates increased by X%, X%, X% and X% percentage points, while Turkey (-X%), Israel (-X%) and Kuwait (-X%) saw their share reduced.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported welded sections in Middle East, making up X% of global imports. The second position in the ranking was occupied by Qatar ($X), with a X% share of global imports. It was followed by Israel, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Saudi Arabia was relatively modest. In the other countries, the average annual rates were as follows: Qatar (-X% per year) and Israel (+X% per year).

Welded Sections Import Prices by Country in Middle East

In 2017, the welded sections import price in Middle East amounted to $X per ton, rising by X% against the previous year. The welded sections import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015, an increase of X% year-to-year. In that year, the import prices for welded sections reached their peak level of $X per ton. From 2016 to 2017, growth of the import prices for welded sections failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Turkey ($X per ton), while Bahrain ($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