MENA: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in MENA

The MENA's metal letter clip market contracted sharply to $X in 2022, reducing by -57.2% against the previous year. In general, consumption continues to indicate a pronounced reduction. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Metal Letter Clip Production in MENA

In value terms, metal letter clip production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 120%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in years to come.

Metal Letter Clip Exports

Exports in MENA

In 2022, the amount of letter clips, letter corners of base metal exported in MENA skyrocketed to X tons, with an increase of 176% against the year before. Over the period under review, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal letter clip exports soared to $X in 2022. Overall, exports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the major exporter of letter clips, letter corners of base metal, making up 73% of total exports. Turkey (X tons) ranks second in terms of the total exports with a 13% share, followed by Iran (13%).

From 2012 to 2022, average annual rates of growth with regard to metal letter clip exports from the United Arab Emirates stood at +11.7%. At the same time, Iran (+85.1%) and Turkey (+7.3%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +85.1% from 2012-2022. Iran (+12 p.p.) and the United Arab Emirates (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -5.8% from 2012 to 2022, respectively.

In value terms, the largest metal letter clip supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), together accounting for 94% of total exports.

Among the main exporting countries, Iran, with a CAGR of +49.1%, recorded the highest growth rate of the value of exports, 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, which is down by -57.9% against the previous year. In general, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the export price increased by 34%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, 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 ($X per ton), while the United Arab Emirates ($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 (-5.3%), while the other leaders experienced a decline in the export price figures.

Metal Letter Clip Imports

Imports in MENA

In 2022, supplies from abroad of letter clips, letter corners of base metal was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, metal letter clip imports surged to $X in 2022. Over the period under review, imports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 47%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) represented roughly 45% of total imports in 2022. Tunisia (X tons) ranks next in terms of the total imports with an 11% share, followed by Iran (6.8%), Morocco (6.6%) and Israel (5.9%). Iraq (X tons), Djibouti (X tons), Jordan (X tons), Algeria (X tons) and Kuwait (X tons) took a minor 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 Jordan (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported letter clips, letter corners of base metal in MENA, comprising 36% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Iran, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +1.0%. In the other countries, the average annual rates were as follows: Turkey (+0.7% per year) and Iran (-11.5% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, surging by 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2018 when the import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform