MENA: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in MENA

The MENA's market for plastics pipes and pipe fittings contracted to $X in 2022, shrinking by -9.4% against the previous year. Overall, consumption, however, recorded prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Plastics Pipes And Pipe Fittings in MENA

In value terms, plastics pipe and pipe fitting production shrank notably to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 50%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports in MENA

After four years of growth, shipments abroad of plastics pipes and pipe fittings decreased by -3.7% to X tons in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 17% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports fell to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of $X, and then declined slightly in the following year.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was approx. 57% of total exports in 2022. It was distantly followed by Bahrain (X tons), Egypt (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons), together comprising a 29% share of total exports. The following exporters - Oman (X tons) and Israel (X tons) - each reached an 8.4% share of total exports.

Exports from Turkey decreased at an average annual rate of -1.1% from 2012 to 2022. At the same time, Oman (+12.2%), Bahrain (+7.4%), Saudi Arabia (+6.7%) and the United Arab Emirates (+3.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +12.2% from 2012-2022. Israel and Egypt experienced a relatively flat trend pattern. Bahrain (+4.4 p.p.), Oman (+3 p.p.), Saudi Arabia (+2.5 p.p.) and the United Arab Emirates (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -11% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastics pipe and pipe fitting supplier in MENA, comprising 48% of total exports. The second position in the ranking was taken by Israel ($X), with a 13% share of total exports. It was followed by Egypt, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: Israel (+2.4% per year) and Egypt (+8.8% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with an increase of 1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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 Israel ($X per ton), while Bahrain ($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 (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports in MENA

In 2022, plastics pipe and pipe fitting imports in MENA reduced to X tons, falling by -5.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 18% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, plastics pipe and pipe fitting imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Iraq (X tons) and Saudi Arabia (X tons) represented roughly 42% of total imports in 2022. The United Arab Emirates (X tons) ranks next in terms of the total imports with an 8.8% share, followed by Turkey (6%), Algeria (5.8%), Morocco (5.1%) and Israel (4.8%). Libya (X tons), Egypt (X tons), Yemen (X tons), Kuwait (X tons), Qatar (X tons) and Oman (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting importing markets in MENA were Iraq ($X), Saudi Arabia ($X) and Turkey ($X), with a combined 43% share of total imports. The United Arab Emirates, Morocco, Algeria, Israel, Yemen, Egypt, Libya, Kuwait, Qatar and Oman lagged somewhat behind, together comprising a further 48%.

Yemen, with a CAGR of +20.5%, 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

In 2022, the import price in MENA amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2014 when the import price increased by 9.4%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then declined modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+13.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform