MENA: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in MENA

The MENA's metal liquid fuel appliances market reduced to $X in 2022, declining by -10.7% against the previous year. Over the period under review, consumption saw a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in MENA

In value terms, metal liquid fuel appliances production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.4% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in MENA

In 2022, the amount of iron or steel liquid fuel domestic appliances exported in MENA contracted modestly to X units, almost unchanged from the previous year's figure. Overall, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 199% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal liquid fuel appliances exports rose notably to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 189%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon represented the major exporting country with an export of about X units, which amounted to 36% of total exports. It was distantly followed by Turkey (X units), Syrian Arab Republic (X units), Kuwait (X units), Bahrain (X units) and Jordan (X units), together constituting a 56% share of total exports. Egypt (X units) took a minor share of total exports.

Lebanon was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances exports, with a CAGR of +34.1% from 2012 to 2022. At the same time, Bahrain (+18.6%), Turkey (+14.3%), Kuwait (+11.2%), Jordan (+4.7%) and Syrian Arab Republic (+3.7%) displayed positive paces of growth. By contrast, Egypt (-3.6%) illustrated a downward trend over the same period. Lebanon (+31 p.p.), Turkey (+5.3 p.p.) and Bahrain (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while Jordan, Syrian Arab Republic and Egypt saw its share reduced by -4.6%, -10.2% and -10.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Syrian Arab Republic ($X) and Lebanon ($X) were the countries with the highest levels of exports in 2022, together accounting for 62% of total exports.

In terms of the main exporting countries, Lebanon, with a CAGR of +23.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, surging by 9.3% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in MENA

Metal liquid fuel appliances imports reduced sharply to X units in 2022, which is down by -21.4% compared with the previous year's figure. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when imports increased by 106%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal liquid fuel appliances imports reduced notably to $X in 2022. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 67% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Iraq dominates imports structure, recording X units, which was near 63% of total imports in 2022. Lebanon (X units) took the second position in the ranking, followed by the United Arab Emirates (X units) and Kuwait (X units). All these countries together held near 20% share of total imports. The following importers - Jordan (X units), Israel (X units) and Turkey (X units) - together made up 11% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal liquid fuel appliances imports into Iraq stood at -7.8%. At the same time, Israel (+31.3%), Lebanon (+6.3%) and Turkey (+2.5%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of +31.3% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Jordan (-4.8%) and the United Arab Emirates (-11.2%) illustrated a downward trend over the same period. While the share of Lebanon (+5.4 p.p.), Israel (+3.5 p.p.), Kuwait (+2.9 p.p.) and Turkey (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-4.9 p.p.) and Iraq (-12.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X) constitutes the largest market for imported iron or steel liquid fuel domestic appliances in MENA, comprising 76% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.3% share of total imports. It was followed by Lebanon, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Iraq stood at -4.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-14.3% per year) and Lebanon (-4.4% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, surging by 4.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 38%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform