GCC: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in GCC

The GCC iron or steel towers market dropped to $X in 2021, reducing by -8.2% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Iron Or Steel Towers And Lattice Masts in GCC

In value terms, iron or steel towers production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 171%. Over the period under review, production attained the peak level at $X in 2020, and then dropped rapidly in the following year.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in GCC

Iron or steel towers exports reduced remarkably to X tons in 2021, waning by -55.1% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2020 with an increase of 205%. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, iron or steel towers exports reduced dramatically to $X in 2021. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 523% against the previous year. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

The United Arab Emirates was the key exporter of iron or steel towers and lattice masts in GCC, with the volume of exports amounting to X tons, which was near 82% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons), generating a 17% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the iron or steel towers and lattice masts exports, with a CAGR of +24.0% from 2012 to 2021. Saudi Arabia (-15.6%) illustrated a downward trend over the same period. The United Arab Emirates (+69 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -69.2% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest iron or steel towers supplier in GCC, comprising 89% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 10% share of total exports.

In the United Arab Emirates, iron or steel towers exports expanded at an average annual rate of +27.6% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, with a decrease of -14.8% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by 104% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.9%).

Imports of Iron Or Steel Towers And Lattice Masts

Imports in GCC

After two years of growth, supplies from abroad of iron or steel towers and lattice masts decreased by -25.8% to X tons in 2021. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 when imports increased by 54%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, iron or steel towers imports dropped sharply to $X in 2021. In general, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 42%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Oman (X tons) and Saudi Arabia (X tons) represented the key importers of iron or steel towers and lattice masts in 2021, resulting at approx. 34% and 33% of total imports, respectively. It was distantly followed by the United Arab Emirates (X tons), Kuwait (X tons) and Qatar (X tons), together committing a 32% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +23.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel towers importing markets in GCC were Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X), with a combined 78% share of total imports. These countries were followed by Kuwait and Qatar, which together accounted for a further 19%.

Among the main importing countries, Kuwait, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, reducing by -2.1% against the previous year. Over the period under review, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform