GCC: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in GCC

In 2022, the GCC non-malleable cast iron articles market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a deep contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Articles Of Non-Malleable Cast Iron in GCC

In value terms, non-malleable cast iron articles production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 62% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in GCC

After two years of decline, overseas shipments of articles of non-malleable cast iron increased by 4% to X tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 38%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports amounted to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -43.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X tons, which was approx. 93% of total exports in 2022. The following exporters - Saudi Arabia (X tons) and Oman (X tons) - together made up 6.6% of total exports.

The United Arab Emirates was also the fastest-growing in terms of the articles of non-malleable cast iron exports, with a CAGR of +2.4% from 2012 to 2022. Saudi Arabia (-2.2%) and Oman (-7.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +13 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest non-malleable cast iron articles supplier in GCC, comprising 89% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 8.3% share of total exports.

In the United Arab Emirates, non-malleable cast iron articles exports increased at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+0.7% per year) and Oman (-11.3% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, stabilizing at the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles export price increased by +67.4% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 58% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then fell modestly in the following year.

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 Saudi Arabia ($X per ton), while Oman ($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 (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in GCC

In 2022, purchases abroad of articles of non-malleable cast iron was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 10%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, non-malleable cast iron articles imports rose markedly to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 60% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented the major importers of articles of non-malleable cast iron in GCC, together resulting at approx. 69% of total imports. It was distantly followed by Kuwait (X tons), Bahrain (X tons), Qatar (X tons) and Oman (X tons), together constituting a 31% 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 Kuwait (with a CAGR of +6.6%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest non-malleable cast iron articles importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined 76% share of total imports.

Kuwait, with a CAGR of +2.8%, 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 a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, waning by -2.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Qatar ($X per ton) and Oman ($X per ton), while Saudi Arabia ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform