MENA: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in MENA

The MENA's steel plaited band market shrank to $X in 2022, with a decrease of -10.5% against the previous year. In general, consumption showed a slight decrease. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Steel Plaited Band Production in MENA

In value terms, steel plaited band production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Steel Plaited Band Exports

Exports in MENA

In 2022, the amount of iron or steel plaited bands and slings exported in MENA surged to X tons, with an increase of 49% compared with the previous year. Overall, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, steel plaited band exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 22%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Saudi Arabia was the major exporting country with an export of about X tons, which accounted for 37% of total exports. Turkey (X tons) ranks second in terms of the total exports with a 21% share, followed by Oman (20%) and the United Arab Emirates (18%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +28.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2022, together comprising 83% of total exports. Oman lagged somewhat behind, comprising a further 6.1%.

Oman, with a CAGR of +10.5%, saw the highest growth rate of 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

In 2022, the export price in MENA amounted to $X per ton, waning by -26.3% against the previous year. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 66% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($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 (+4.5%), while the other leaders experienced a decline in the export price figures.

Steel Plaited Band Imports

Imports in MENA

In 2022, approx. X tons of iron or steel plaited bands and slings were imported in MENA; shrinking by -10% against the year before. Overall, imports showed a slight downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, steel plaited band imports contracted to $X in 2022. Over the period under review, imports recorded a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of 27%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the largest importing country with an import of about X tons, which finished at 34% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Turkey (X tons), Kuwait (X tons) and Bahrain (X tons). All these countries together took approx. 39% share of total imports. Morocco (X tons), Oman (X tons), Egypt (X tons), Iraq (X tons), Algeria (X tons), Qatar (X tons) and Israel (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kuwait (with a CAGR of +20.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 58% of total imports. Egypt, Kuwait, Israel, Bahrain, Morocco, Iraq, Oman, Algeria and Qatar lagged somewhat behind, together comprising a further 37%.

Kuwait, with a CAGR of +15.3%, recorded the highest rates of growth with regard to 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

The import price in MENA stood at $X per ton in 2022, surging by 4.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 8.1% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform