MENA: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in MENA

The MENA's stainless steel angle market shrank modestly to $X in 2021, which is down by -2.1% against the previous year. Over the period under review, consumption continues to indicate a noticeable contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Stainless Steel Angle Production in MENA

In value terms, stainless steel angle production surged to $X in 2021 estimated in export price. Overall, production enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 62%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Stainless Steel Angle Exports

Exports in MENA

In 2021, exports of angles, shapes and sections of stainless steel or other alloy steel in MENA soared to X tons, surging by 24% on 2020. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 113%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, stainless steel angle exports amounted to $X in 2021. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 76% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) and Saudi Arabia (X tons) prevails in exports structure, together achieving 87% of total exports. Iran (X tons), the United Arab Emirates (X tons), Libya (X tons) and Bahrain (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bahrain (with a CAGR of +38.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle supplying countries in MENA were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for 90% of total exports. These countries were followed by Libya, Iran and Bahrain, which together accounted for a further 7.8%.

Bahrain, with a CAGR of +25.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, dropping by -15% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 55%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Libya ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Libya (+5.6%), while the other leaders experienced mixed trends in the export price figures.

Stainless Steel Angle Imports

Imports in MENA

In 2021, the amount of angles, shapes and sections of stainless steel or other alloy steel imported in MENA contracted markedly to X tons, dropping by -20.2% on 2020 figures. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports fell modestly to $X in 2021. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) and the United Arab Emirates (X tons) were the major importers of angles, shapes and sections of stainless steel or other alloy steel in MENA, together resulting at near 67% of total imports. Lebanon (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (6.3%) and Qatar (5.7%). The following importers - Oman (X tons) and Israel (X tons) - each recorded a 4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +38.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Lebanon ($X), together comprising 73% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +17.9%, 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

In 2021, the import price in MENA amounted to $X per ton, surging by 25% against the previous year. Import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 37%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform