MENA: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in MENA

The MENA's market for sanitary ware and parts of iron or steel reached $X in 2021, rising by 5.6% against the previous year. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 7.4%. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Sanitary Ware And Parts Of Iron Or Steel in MENA

In value terms, iron or steel sanitary ware production fell to $X in 2021 estimated in export price. Over the period under review, production showed a slight setback. The growth pace was the most rapid in 2013 with an increase of 8.4%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in MENA

After three years of decline, overseas shipments of sanitary ware and parts of iron or steel increased by 22% to X tons in 2021. Over the period under review, exports, however, showed a deep setback. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, iron or steel sanitary ware exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey was the largest exporting country with an export of around X tons, which accounted for 66% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a 24% share of total exports. Egypt (X tons) and Syrian Arab Republic (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the sanitary ware and parts of iron or steel exports, with a CAGR of +7.9% from 2012 to 2021. At the same time, the United Arab Emirates (+1.7%) displayed positive paces of growth. Syrian Arab Republic experienced a relatively flat trend pattern. By contrast, Egypt (-32.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and the United Arab Emirates increased by +49 and +13 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest iron or steel sanitary ware supplier in MENA, comprising 65% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 28% share of total exports. It was followed by Egypt, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+9.2% per year) and Egypt (-37.7% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, surging by 2.1% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 61%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($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 (+7.4%), while the other leaders experienced a decline in the export price figures.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in MENA

In 2021, approx. X tons of sanitary ware and parts of iron or steel were imported in MENA; growing by 13% against the previous year. Over the period under review, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 with an increase of 14% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports soared to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 22%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons), distantly followed by Iraq (X tons), Saudi Arabia (X tons), Israel (X tons), Algeria (X tons), Kuwait (X tons), Egypt (X tons), Turkey (X tons), Morocco (X tons) and Jordan (X tons) represented the main importers of sanitary ware and parts of iron or steel, together creating 77% of total imports. The following importers - Qatar (X tons), Oman (X tons) and Iran (X tons) - each finished at a 12% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of +21.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel sanitary ware importing markets in MENA were the United Arab Emirates ($X), Israel ($X) and Iraq ($X), with a combined 42% share of total imports. Egypt, Saudi Arabia, Morocco, Kuwait, Turkey, Qatar, Algeria, Jordan, Iran and Oman lagged somewhat behind, together accounting for a further 49%.

Algeria, with a CAGR of +19.8%, saw the highest growth rate of 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 2021, the import price in MENA amounted to $X per ton, picking up by 3.5% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron or steel sanitary ware import price increased by +41.9% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 20% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+28.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform