MENA: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in MENA

In 2022, the MENA's mill rolling roll market decreased by -8.8% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mill Rolling Roll Production in MENA

In value terms, mill rolling roll production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Mill Rolling Roll Exports

Exports in MENA

In 2022, shipments abroad of rolls for rolling mills was finally on the rise to reach X units after four years of decline. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 315% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mill rolling roll exports surged to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey was the major exporter of rolls for rolling mills in MENA, with the volume of exports accounting for X units, which was approx. 68% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), generating a 28% share of total exports. Iran (X units) held a little share of total exports.

Exports from Turkey increased at an average annual rate of +10.4% from 2012 to 2022. At the same time, the United Arab Emirates (+29.5%) and Iran (+6.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +29.5% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates increased by +21 percentage points.

In value terms, Turkey ($X) remains the largest mill rolling roll supplier in MENA, comprising 92% of total exports. The second position in the ranking was held by Iran ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +2.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+5.5% per year) and the United Arab Emirates (+1.8% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, with a decrease of -41.5% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 207%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-0.8%), while the other leaders experienced a decline in the export price figures.

Mill Rolling Roll Imports

Imports in MENA

After two years of decline, supplies from abroad of rolls for rolling mills increased by 47% to X units in 2022. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 60%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports expanded remarkably to $X in 2022. In general, imports, however, showed a mild setback. The pace of growth appeared the most rapid in 2018 when imports increased by 18% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Egypt prevails in imports structure, reaching X units, which was approx. 86% of total imports in 2022. It was distantly followed by Turkey (X units), committing a 6.4% share of total imports. The following importers - the United Arab Emirates (X units) and Bahrain (X units) - each reached a 4.1% share of total imports.

Imports into Egypt decreased at an average annual rate of -13.2% from 2012 to 2022. At the same time, Turkey (+12.0%) and the United Arab Emirates (+9.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in MENA, with a CAGR of +12.0% from 2012-2022. Bahrain experienced a relatively flat trend pattern. While the share of Egypt (+23 p.p.), Turkey (+6 p.p.) and the United Arab Emirates (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported rolls for rolling mills in MENA, comprising 62% of total imports. The second position in the ranking was taken by Egypt ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 5.4% share.

In Turkey, mill rolling roll imports increased at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (-2.1% per year) and the United Arab Emirates (-8.7% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, shrinking by -25.5% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 an increase of 87%. As a result, import price attained the peak level of $X per unit, and then shrank notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+12.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform