MENA: Bar Draw-Bench Market 2025

Bar Draw-Bench Market Size in MENA

In 2021, the MENA's bar draw-bench market increased by 35% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a noticeable decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Bar Draw-Bench Production in MENA

In value terms, bar draw-bench production rose rapidly to $X in 2021 estimated in export price. In general, production saw resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 145% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Bar Draw-Bench Exports

Exports in MENA

In 2021, shipments abroad of draw-benches for bars, tubes, profiles, wire or the like increased by 251% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bar draw-bench exports surged to $X in 2021. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 246%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was approx. 94% of total exports in 2021. Morocco (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the draw-benches for bars, tubes, profiles, wire or the like exports, with a CAGR of +39.4% from 2012 to 2021. At the same time, Morocco (+34.3%) displayed positive paces of growth. Turkey (+46 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest bar draw-bench supplier in MENA, comprising 97% of total exports. The second position in the ranking was taken by Morocco ($X), with a 0.8% share of total exports.

In Turkey, bar draw-bench exports increased at an average annual rate of +14.7% over the period from 2012-2021.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, dropping by -17.9% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of 210%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per unit), while Morocco stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (-4.6%).

Bar Draw-Bench Imports

Imports in MENA

In 2021, the amount of draw-benches for bars, tubes, profiles, wire or the like imported in MENA dropped to X units, which is down by -6.7% on the year before. In general, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 84% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bar draw-bench imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X units) and Iraq (X units) represented the main importers of draw-benches for bars, tubes, profiles, wire or the like in 2021, amounting to near 33% and 33% of total imports, respectively. Qatar (X units) held a 9% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (7%) and Israel (5.2%). The following importers - Morocco (X units) and Iran (X units) - together made up 6.2% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +18.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported draw-benches for bars, tubes, profiles, wire or the like in MENA, comprising 48% of total imports. The second position in the ranking was held by Iraq ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +2.4%. In the other countries, the average annual rates were as follows: Iraq (+31.5% per year) and the United Arab Emirates (+5.0% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, picking up by 152% against the previous year. Import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, 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 Turkey ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+14.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform