MENA: Expanded Metal Market 2024

Expanded Metal Market Size in MENA

The MENA's expanded metal market expanded modestly to $X in 2022, surging by 1.9% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Expanded Metal Production in MENA

In value terms, expanded metal production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 37%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports in MENA

In 2022, overseas shipments of iron or steel expanded metal increased by 2.1% to X tons, rising for the fourth consecutive year after four years of decline. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by 67%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, expanded metal exports dropped modestly to $X in 2022. Over the period under review, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 64% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the main exporter of iron or steel expanded metal in MENA, with the volume of exports reaching X tons, which was approx. 66% of total exports in 2022. Turkey (X tons) ranks second in terms of the total exports with an 18% share, followed by Saudi Arabia (5.9%). The following exporters - Egypt (X tons) and Tunisia (X tons) - together made up 6.5% of total exports.

From 2012 to 2022, average annual rates of growth with regard to expanded metal exports from the United Arab Emirates stood at +1.3%. At the same time, Turkey (+18.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +18.2% from 2012-2022. By contrast, Tunisia (-11.3%), Egypt (-19.4%) and Saudi Arabia (-20.7%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+34 p.p.) and Turkey (+17 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tunisia (-1.8 p.p.), Egypt (-16.9 p.p.) and Saudi Arabia (-27.5 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest expanded metal supplier in MENA, comprising 57% of total exports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total exports. It was followed by Egypt, with an 8.6% share.

In the United Arab Emirates, expanded metal exports increased at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+5.6% per year) and Egypt (-11.3% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, waning by -3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 when the export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced modestly in the following year.

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 Egypt ($X per ton), while Saudi Arabia ($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 (+10.0%), while the other leaders experienced mixed trends in the export price figures.

Expanded Metal Imports

Imports in MENA

After four years of decline, supplies from abroad of iron or steel expanded metal increased by 7.8% to X tons in 2022. In general, imports, however, recorded a abrupt downturn. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, expanded metal imports shrank modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 9.9%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Kuwait (X tons) represented the key importers of iron or steel expanded metal in MENA, together resulting at approx. 48% of total imports. Israel (X tons) held the next position in the ranking, followed by Turkey (X tons), Syrian Arab Republic (X tons), Iraq (X tons) and Bahrain (X tons). All these countries together held approx. 33% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of +15.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest expanded metal importing markets in MENA were the United Arab Emirates ($X), Kuwait ($X) and Iraq ($X), together comprising 44% of total imports. Israel, Turkey, Syrian Arab Republic and Bahrain lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, Israel, with a CAGR of +13.3%, recorded the highest growth rate of the value of imports, 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 2022, which is down by -10.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 24%. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iraq ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform