MENA: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in MENA

The MENA's market for ribbed or other deformed wire rod of non-alloy steel expanded markedly to $X in 2021, surging by 12% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in MENA

In value terms, deformed non-alloy steel wire rod production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% 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 2018 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in MENA

Deformed non-alloy steel wire rod exports was estimated at X tons in 2021, growing by 13% compared with the previous year. Overall, exports saw a perceptible increase. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2021. In general, exports posted a moderate increase. 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 largest exporter of ribbed or other deformed wire rod of non-alloy steel, generating 54% of total exports. It was distantly followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons), together mixing up a 39% share of total exports. Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to deformed non-alloy steel wire rod exports from Turkey stood at +10.5%. At the same time, Saudi Arabia (+46.4%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +46.4% from 2012-2021. Algeria experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-7.0%) illustrated a downward trend over the same period. While the share of Turkey (+26 p.p.), Saudi Arabia (+26 p.p.) and Algeria (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-17.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest deformed non-alloy steel wire rod supplier in MENA, comprising 55% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 25% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +12.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+46.2% per year) and the United Arab Emirates (-7.4% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, picking up by 49% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Algeria ($X per ton) and the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in MENA

In 2021, the amount of ribbed or other deformed wire rod of non-alloy steel imported in MENA soared to X tons, with an increase of 46% on the previous year. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +121.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, deformed non-alloy steel wire rod imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel was the key importer of ribbed or other deformed wire rod of non-alloy steel in MENA, with the volume of imports reaching X tons, which was approx. 59% of total imports in 2021. Yemen (X tons) took the second position in the ranking, distantly followed by Kuwait (X tons). All these countries together took approx. 32% share of total imports. Morocco (X tons) and Bahrain (X tons) held a minor share of total imports.

Imports into Israel increased at an average annual rate of +18.8% from 2012 to 2021. At the same time, Kuwait (+81.7%), Bahrain (+52.5%), Morocco (+25.2%) and Yemen (+13.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of +81.7% from 2012-2021. From 2012 to 2021, the share of Israel, Yemen, Kuwait, Morocco and Bahrain increased by +44, +13, +11, +2.5 and +2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel in MENA, comprising 74% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 9.9% share of total imports. It was followed by Yemen, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +20.4%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+70.9% per year) and Yemen (+5.4% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, jumping by 47% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform