Middle East: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in the Middle East

In 2021, the Middle Eastern concrete reinforcing wire rod market increased by X% to $X, rising for the second year in a row after seven years of decline. Overall, consumption, however, continues to indicate a perceptible setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Wire Rod Used For Concrete Reinforcing in the Middle East

In value terms, concrete reinforcing wire rod production expanded significantly to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Production By Country in the Middle East

The country with the largest volume of concrete reinforcing wire rod production was Turkey (X tons), comprising approx. X% of total volume. Moreover, concrete reinforcing wire rod production in Turkey exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Saudi Arabia (X tons), with a X% share.

In Turkey, concrete reinforcing wire rod production increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Saudi Arabia (-X% per year).

Exports of Wire Rod Used For Concrete Reinforcing

Exports in the Middle East

In 2021, the amount of wire rod used for concrete reinforcing exported in the Middle East was estimated at X tons, increasing by X% against 2020. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, concrete reinforcing wire rod exports surged to $X in 2021. Overall, exports saw a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Turkey represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%). Iran (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +X% from 2012 to 2021. At the same time, Saudi Arabia (+X%), Iran (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Saudi Arabia and Iran increased by +X and +X percentage points, respectively.

In value terms, Turkey ($X) remains the largest concrete reinforcing wire rod supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, concrete reinforcing wire rod exports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Turkey ($X per ton) and Iran ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wire Rod Used For Concrete Reinforcing

Imports in the Middle East

In 2021, purchases abroad of wire rod used for concrete reinforcing was finally on the rise to reach X tons after eight years of decline. Over the period under review, imports, however, saw a noticeable decrease. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, concrete reinforcing wire rod imports soared to $X in 2021. In general, imports, however, showed a noticeable decline. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Israel (X tons) was the main importer of wire rod used for concrete reinforcing, committing X% of total imports. Turkey (X tons) held the second position in the ranking, distantly followed by Saudi Arabia (X tons) and Qatar (X tons). All these countries together held approx. X% share of total imports. The following importers - Iraq (X tons), Oman (X tons) and Lebanon (X tons) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to concrete reinforcing wire rod imports into Israel stood at +X%. At the same time, Iraq (+X%) and Qatar (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2012-2021. Turkey experienced a relatively flat trend pattern. By contrast, Oman (-X%), Saudi Arabia (-X%) and Lebanon (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Israel, Turkey, Iraq and Qatar increased by +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported wire rod used for concrete reinforcing in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Israel, concrete reinforcing wire rod imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Saudi Arabia (-X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+X%), while the other leaders experienced more modest paces of growth.

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