MENA: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in MENA

The MENA's iron or steel leaf-spring market shrank notably to $X in 2022, dropping by -26.7% against the previous year. Over the period under review, consumption recorded a noticeable decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in MENA

In value terms, iron or steel leaf-spring production fell rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 281% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in MENA

In 2022, approx. X tons of iron or steel leaf-springs and leaves were exported in MENA; picking up by 15% on the previous year. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 22% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports skyrocketed to $X in 2022. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2018 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) and Tunisia (X tons) prevails in exports structure, together generating 90% of total exports. It was distantly followed by the United Arab Emirates (X tons), committing a 9.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +13.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X), Tunisia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 99% of total exports.

Turkey, with a CAGR of +14.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by 7.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.2%), while the other leaders experienced a decline in the export price figures.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in MENA

After three years of growth, purchases abroad of iron or steel leaf-springs and leaves decreased by -29.3% to X tons in 2022. Overall, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 14%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, iron or steel leaf-spring imports declined markedly to $X in 2022. Over the period under review, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Iraq (X tons), Algeria (X tons), Yemen (X tons), Turkey (X tons) and Syrian Arab Republic (X tons) were the key importers of iron or steel leaf-springs and leaves, together generating 79% of total imports. The following importers - Oman (X tons), Libya (X tons), Israel (X tons), Tunisia (X tons), Djibouti (X tons) and Morocco (X tons) - together made up 16% of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +12.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 58% share of total imports.

Algeria, with a CAGR of +8.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of 5.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 15%. Over the period under review, import prices reached the peak figure in 2022 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 Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform