Middle East: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in the Middle East

The Middle Eastern non-malleable cast iron articles market declined to $X in 2022, reducing by -5.6% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Articles Of Non-Malleable Cast Iron in the Middle East

In value terms, non-malleable cast iron articles production fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 59% against the previous year. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2022.

Exports of Articles Of Non-Malleable Cast Iron

Exports in the Middle East

Non-malleable cast iron articles exports reached X tons in 2022, flattening at 2021. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.5% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 36% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-malleable cast iron articles exports expanded remarkably to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +43.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey represented the main exporter of articles of non-malleable cast iron in the Middle East, with the volume of exports accounting for X tons, which was approx. 70% of total exports in 2022. Iran (X tons) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (5.6%).

Exports from Turkey increased at an average annual rate of +3.8% from 2012 to 2022. At the same time, Iran (+10.8%) and the United Arab Emirates (+2.4%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +10.8% from 2012-2022. Iran (+11 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-malleable cast iron articles supplier in the Middle East, comprising 78% of total exports. The second position in the ranking was held by Iran ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+10.3% per year) and the United Arab Emirates (+4.1% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue 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 Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in the Middle East

In 2022, after two years of decline, there was significant growth in purchases abroad of articles of non-malleable cast iron, when their volume increased by 7.7% to X tons. Over the period under review, imports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2016 when imports increased by 10% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-malleable cast iron articles imports reached $X in 2022. In general, imports, however, showed a perceptible setback. The growth pace was the most rapid in 2013 when imports increased by 48% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Israel (X tons) represented roughly 65% of total imports in 2022. It was distantly followed by Kuwait (X tons), Turkey (X tons), Bahrain (X tons), Qatar (X tons) and Oman (X tons), together constituting a 28% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-malleable cast iron articles importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Saudi Arabia ($X), together accounting for 63% of total imports. Turkey, Kuwait, Qatar, Bahrain and Oman lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Turkey, with a CAGR of +8.5%, recorded the highest rates of growth with regard to 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 the Middle East stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles import price increased by +43.2% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :