MENA: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in MENA

The MENA's base metal flexible tubing market dropped dramatically to $X in 2021, with a decrease of -31% against the previous year. Overall, consumption continues to indicate a noticeable reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Base Metal Flexible Tubing, Iron Or Steel in MENA

In value terms, base metal flexible tubing production declined to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 67%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in MENA

In 2021, the amount of base metal flexible tubing, iron or steel exported in MENA skyrocketed to X tons, with an increase of 97% compared with the year before. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 132%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, base metal flexible tubing exports soared to $X in 2021. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 126%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was approx. 83% of total exports in 2021. Israel (X tons) ranks second in terms of the total exports with an 8.9% share, followed by Tunisia (5.5%). The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +15.5% from 2012 to 2021. At the same time, Israel (+69.0%), the United Arab Emirates (+14.1%) and Tunisia (+4.8%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +69.0% from 2012-2021. From 2012 to 2021, the share of Israel increased by +8.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal flexible tubing supplying countries in MENA were Turkey ($X), Israel ($X) and Tunisia ($X), with a combined 98% share of total exports.

Israel, with a CAGR of +75.5%, saw the highest rates of growth with regard to 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, which is down by -15.4% against the previous year. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. The level of export peaked at $X per ton in 2020, and then fell remarkably in the following year.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Turkey ($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 (+3.8%), while the other leaders experienced a decline in the export price figures.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in MENA

In 2021, approx. X tons of base metal flexible tubing, iron or steel were imported in MENA; picking up by 4.5% on 2020. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 36%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, base metal flexible tubing imports fell slightly to $X in 2021. Overall, imports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 39% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Morocco (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Iraq (X tons), Israel (X tons), Egypt (X tons), Kuwait (X tons), Qatar (X tons), Iran (X tons), Jordan (X tons), Libya (X tons) and Algeria (X tons) was the main importer of base metal flexible tubing, iron or steel in MENA, committing 92% of total import.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X), together accounting for 35% of total imports. These countries were followed by Egypt, Israel, Morocco, Algeria, Kuwait, Iran, Libya, Qatar and Jordan, which together accounted for a further 56%.

Among the main importing countries, Kuwait, with a CAGR of +11.6%, 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, with a decrease of -4.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 16%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform