MENA: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in MENA

The MENA's plastic pipe and hose market shrank to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in MENA

In value terms, plastic pipe and hose production declined sharply to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports in MENA

In 2022, the amount of plastics tubes, pipes and hoses, and fitting exported in MENA amounted to X tons, almost unchanged from 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic pipe and hose exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of plastics tubes, pipes and hoses, and fitting, generating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Bahrain (X tons) and Israel (X tons), together creating a X% share of total exports. The following exporters - Egypt (X tons) and Oman (X tons) - each recorded an X% share of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), the United Arab Emirates (X%), Bahrain (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Bahrain (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.), Turkey (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic pipe and hose supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Israel ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports in MENA

In 2022, overseas purchases of plastics tubes, pipes and hoses, and fitting decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, plastic pipe and hose imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

Iraq was the largest importing country with an import of about X tons, which reached X% of total imports. Saudi Arabia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Turkey (X%), Algeria (X%), Yemen (X%) and Morocco (X%). The following importers - Libya (X tons), Israel (X tons), Kuwait (X tons), Egypt (X tons), Qatar (X tons) and Oman (X tons) - together made up X% of total imports.

Imports into Iraq increased at an average annual rate of X% from 2012 to 2022. At the same time, Yemen (X%), Turkey (X%), Israel (X%), Algeria (X%), Saudi Arabia (X%), Morocco (X%), Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Egypt (X%), Libya (X%) and Qatar (X%) illustrated a downward trend over the same period. Yemen (X p.p.), Saudi Arabia (X p.p.), Turkey (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the total imports, while Libya and Qatar saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic pipe and hose importing markets in MENA were Iraq ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total imports. The United Arab Emirates, Morocco, Algeria, Israel, Egypt, Yemen, Libya, Kuwait, Qatar and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Yemen, with a CAGR of X%, 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, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform