MENA: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2025

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in MENA

The MENA's market for railway or tramway track construction material of iron or steel dropped modestly to $X in 2021, shrinking by -4.4% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -32.9% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in MENA

In value terms, production of railway or tramway track construction material of iron or steel reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports in MENA

In 2021, shipments abroad of railway or tramway track construction material of iron or steel increased by 34% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 153%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 82%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Turkey (X tons) and Saudi Arabia (X tons) prevails in steel structure, together constituting 90% of total exports. It was distantly followed by the United Arab Emirates (X tons), committing a 6.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +1.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of +5.1%, saw 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 2021, increasing by 5.7% against the previous year. Export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 36%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 (+7.8%), while the other leaders experienced more modest paces of growth.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports in MENA

In 2021, after four years of decline, there was significant growth in purchases abroad of railway or tramway track construction material of iron or steel, when their volume increased by 53% to X tons. Overall, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by 78%. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel soared to $X in 2021. Over the period under review, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 28% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) represented the largest importer of railway or tramway track construction material of iron or steel, mixing up 57% of total imports. Egypt (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (6%) and Israel (5.4%). Morocco (X tons), Turkey (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iron and steel railway construction materials imports into the United Arab Emirates stood at +3.9%. At the same time, Egypt (+32.3%) and Morocco (+6.2%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +32.3% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, Iran (-16.9%), Turkey (-22.3%) and Saudi Arabia (-23.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+37 p.p.), Egypt (+14 p.p.), Morocco (+3 p.p.) and Israel (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iran (-3.8 p.p.), Turkey (-14 p.p.) and Saudi Arabia (-27.7 p.p.) displayed negative dynamics.

In value terms, the largest iron and steel railway construction materials importing markets in MENA were the United Arab Emirates ($X), Egypt ($X) and Saudi Arabia ($X), together comprising 67% of total imports.

Egypt, with a CAGR of +26.3%, 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 2021, shrinking by -16.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 76% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform