Middle East: Winding Wire Market 2024

Winding Wire Market Size in the Middle East

The Middle Eastern winding wire market contracted to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Winding Wire Production in the Middle East

In value terms, winding wire production reduced notably to $X in 2022 estimated in export price. Over the period under review, production recorded a tangible expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Winding Wire Exports

Exports in the Middle East

In 2022, shipments abroad of winding wire for electrical purposes increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, winding wire exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) and Jordan (X tons) were the largest exporters of winding wire for electrical purposes in 2022, resulting at approx. X% and X% of total exports, respectively. The United Arab Emirates (X tons) ranks next in terms of the total exports with a X% share, followed by Iran (X%) and Saudi Arabia (X%). Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest winding wire supplying countries in the Middle East were Turkey ($X), Jordan ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Iran, Saudi Arabia and Lebanon lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. 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 Jordan ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Winding Wire Imports

Imports in the Middle East

In 2022, overseas purchases of winding wire for electrical purposes increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, winding wire imports expanded notably to $X in 2022. Overall, imports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iraq (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2022. Turkey (X tons) took the next position in the ranking, followed by Saudi Arabia (X tons), Oman (X tons) and Kuwait (X tons). All these countries together took near X% share of total imports. Lebanon (X tons) took a minor share of total imports.

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

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

Among the main importing countries, Lebanon, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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 ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform