MENA: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in MENA

The MENA's metal pickling preparations market fell modestly to $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Pickling Preparations Production in MENA

In value terms, metal pickling preparations production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 18%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Metal Pickling Preparations Exports

Exports in MENA

In 2021, shipments abroad of pickling preparations for metal surfaces was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal pickling preparations exports skyrocketed to $X in 2021. Over the period under review, exports saw prominent growth. 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) represented the main exporter of pickling preparations for metal surfaces, committing 68% of total exports. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Tunisia (X tons) and the United Arab Emirates (X tons). All these countries together took near 30% share of total exports.

Exports from Turkey increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Tunisia (+10.5%) and Saudi Arabia (+8.3%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +10.5% from 2012-2021. By contrast, the United Arab Emirates (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Saudi Arabia and Tunisia increased by +8.3, +4.9 and +2.5 percentage points, respectively.

In value terms, Turkey ($X) remains the largest metal pickling preparations supplier in MENA, comprising 70% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 12% share of total exports. It was followed by Tunisia, with a 10% share.

In Turkey, metal pickling preparations exports increased at an average annual rate of +10.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+9.8% per year) and Tunisia (+8.2% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the export price increased by 17%. Over the period under review, the export prices hit record highs at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Tunisia ($X per ton), while Saudi Arabia ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports in MENA

In 2021, overseas purchases of pickling preparations for metal surfaces were finally on the rise to reach X tons after three years of decline. Total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 34%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal pickling preparations imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 62%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) and the United Arab Emirates (X tons) were the major importers of pickling preparations for metal surfaces in MENA, together creating 58% of total imports. Egypt (X tons) held a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (6.9%) and Saudi Arabia (6.5%). The following importers - Morocco (X tons), Iraq (X tons), Oman (X tons), Iran (X tons) and Tunisia (X tons) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal pickling preparations importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Morocco ($X), together comprising 62% of total imports.

Morocco, with a CAGR of +8.9%, recorded 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

The import price in MENA stood at $X per ton in 2021, stabilizing at the previous year. Overall, the import price showed a slight contraction. The pace of growth appeared the most rapid in 2014 when the import price increased by 21%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform