MENA: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in MENA

The MENA's market for rigid tubes, pipes and hoses, of other polymers was estimated at $X in 2022, with an increase of 10% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in MENA

In value terms, production of rigid tubes, pipes and hoses, of other polymers shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports in MENA

In 2022, shipments abroad of rigid tubes, pipes and hoses, of other polymers decreased by -23.2% to X tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 24%. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell significantly in the following year.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers dropped to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Turkey represented the main exporter of rigid tubes, pipes and hoses, of other polymers in MENA, with the volume of exports reaching X tons, which was near 60% of total exports in 2022. The United Arab Emirates (X tons) held the second position in the ranking, followed by Egypt (X tons) and Saudi Arabia (X tons). All these countries together took near 26% share of total exports. The following exporters - Tunisia (X tons), Iran (X tons) and Morocco (X tons) - together made up 9.9% of total exports.

From 2012 to 2022, average annual rates of growth with regard to rigid tubes, pipes and hoses, of other polymers exports from Turkey stood at +1.4%. At the same time, Tunisia (+27.3%), Iran (+20.0%), Morocco (+16.4%) and the United Arab Emirates (+5.2%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +27.3% from 2012-2022. Saudi Arabia and Egypt experienced a relatively flat trend pattern. From 2012 to 2022, the share of Tunisia, the United Arab Emirates, Iran, Turkey and Morocco increased by +3.5, +3.5, +2.8, +2 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X), Turkey ($X) and Egypt ($X) were the countries with the highest levels of exports in 2022, together comprising 71% of total exports.

In terms of the main exporting countries, Tunisia, with a CAGR of +31.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, growing by 15% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for rigid tubes, pipes and hoses, of other polymers increased by +15.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the export price increased by 26% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Iran ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports in MENA

In 2022, purchases abroad of rigid tubes, pipes and hoses, of other polymers was finally on the rise to reach X tons after four years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 48%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers fell to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 38% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iraq was the largest importing country with an import of around X tons, which amounted to 37% of total imports. Israel (X tons) held the second position in the ranking, followed by Algeria (X tons), Egypt (X tons), Saudi Arabia (X tons), Turkey (X tons) and Yemen (X tons). All these countries together took near 43% share of total imports. The following importers - the United Arab Emirates (X tons), Oman (X tons), Lebanon (X tons), Tunisia (X tons), Morocco (X tons) and Libya (X tons) - together made up 14% of total imports.

Imports into Iraq increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Israel (+29.2%), Yemen (+15.1%), Turkey (+12.0%), Morocco (+8.8%), Algeria (+7.9%), Tunisia (+4.9%), Oman (+2.9%) and the United Arab Emirates (+1.3%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of +29.2% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Libya (-2.1%), Egypt (-3.6%) and Lebanon (-5.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, Iraq, Yemen, Algeria and Turkey increased by +11, +5.8, +3.2, +3.1 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rigid tubes, pipes and hoses, of other polymers importing markets in MENA were Iraq ($X), Yemen ($X) and Turkey ($X), together comprising 52% of total imports.

Yemen, with a CAGR of +41.7%, 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 2022, the import price in MENA amounted to $X per ton, falling by -16% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 26%. As a result, import price reached the peak level of $X per ton, and then shrank dramatically 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 Yemen ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+23.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform