MENA: Insulating Fittings Market 2025

Insulating Fittings Market Size in MENA

The MENA's insulating fittings market expanded sharply to $X in 2021, rising by 8% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Insulating Fittings Production in MENA

In value terms, insulating fittings production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Insulating Fittings Exports

Exports in MENA

In 2021, approx. X tons of insulating fittings for electrical purposes were exported in MENA; rising by 73% compared with 2020 figures. Overall, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, insulating fittings exports surged to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) was the largest exporter of insulating fittings for electrical purposes, making up 77% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a 17% share of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the insulating fittings for electrical purposes exports, with a CAGR of +11.8% from 2012 to 2021. At the same time, Saudi Arabia (+3.2%) and the United Arab Emirates (+2.7%) displayed positive paces of growth. While the share of Turkey (+17 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest insulating fittings supplier in MENA, comprising 78% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +3.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+3.4% per year) and Saudi Arabia (-6.2% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 5% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by 9.5%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.6%), while the other leaders experienced a decline in the export price figures.

Insulating Fittings Imports

Imports in MENA

After two years of growth, supplies from abroad of insulating fittings for electrical purposes decreased by -9.8% to X tons in 2021. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% 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 2013 when imports increased by 91%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, insulating fittings imports surged to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.7% against 2018 indices. The growth pace was the most rapid in 2015 when imports increased by 58%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) represented the largest importer of insulating fittings for electrical purposes, making up 60% of total imports. Turkey (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (7.2%). Tunisia (X tons), Israel (X tons), Iran (X tons), Iraq (X tons), Qatar (X tons) and Algeria (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to insulating fittings imports into Saudi Arabia stood at +7.3%. At the same time, Israel (+21.0%), Turkey (+15.8%), Tunisia (+15.0%) and Qatar (+4.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of +21.0% from 2012-2021. Iraq and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Algeria (-5.9%) and Iran (-8.6%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+14 p.p.), Turkey (+7.1 p.p.), Israel (+2.3 p.p.) and Tunisia (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Algeria (-2.6 p.p.), the United Arab Emirates (-3.2 p.p.) and Iran (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported insulating fittings for electrical purposes in MENA, comprising 34% of total imports. The second position in the ranking was taken by Israel ($X), with a 14% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia was relatively modest. In the other countries, the average annual rates were as follows: Israel (+24.0% per year) and Turkey (+16.6% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, jumping by 40% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform