MENA: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in MENA

In 2021, the MENA's market for plastic fittings for tubes, pipes and hoses increased by 4.3% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Production of Plastic Fittings for Tubes, Pipes and Hoses in MENA

In value terms, production of plastic fittings for tubes, pipes and hoses declined modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth remained at a somewhat lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in MENA

In 2021, exports of plastic fittings for tubes, pipes and hoses in MENA skyrocketed to X tons, jumping by 44% on 2020. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.1% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.6% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates hoses structure, resulting at X tons, which was near 73% of total exports in 2021. Israel (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons). All these countries together held approx. 19% share of total exports. Egypt (X tons) and Bahrain (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +7.0% from 2012 to 2021. At the same time, Bahrain (+27.8%), Egypt (+9.0%) and Saudi Arabia (+6.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +27.8% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.3%) illustrated a downward trend over the same period. Turkey (+10 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Israel saw its share reduced by -3.9% and -5.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic fittings for tubes, pipes and hoses supplier in MENA, comprising 63% of total exports. The second position in the ranking was held by Israel ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+3.1% per year) and the United Arab Emirates (+5.0% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, with an increase of 7.7% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Bahrain ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in MENA

In 2021, imports of plastic fittings for tubes, pipes and hoses in MENA skyrocketed to X tons, growing by 27% against the previous year's figure. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) and Iraq (X tons) were the major importers of plastic fittings for tubes, pipes and hoses in MENA, together committing 43% of total imports. It was distantly followed by the United Arab Emirates (X tons), Morocco (X tons), Algeria (X tons) and Egypt (X tons), together creating a 25% share of total imports. The following importers - Qatar (X tons), Turkey (X tons), Libya (X tons), Yemen (X tons), Kuwait (X tons), Oman (X tons) and Iran (X tons) - together made up 24% of total imports.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +17.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic fittings for tubes, pipes and hoses importing markets in MENA were Saudi Arabia ($X), Iraq ($X) and the United Arab Emirates ($X), with a combined 43% share of total imports. These countries were followed by Turkey, Morocco, Egypt, Algeria, Kuwait, Qatar, Libya, Oman, Yemen and Iran, which together accounted for a further 46%.

Yemen, with a CAGR of +18.5%, saw 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 2021, surging by 6.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while Yemen ($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 (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform