Middle East: Plug Valve Market 2020

Plug Valve Market Size in Middle East

The revenue of the plug valve market in Middle East amounted to $X in 2017, going up by X% against the previous year. The plug valve consumption continues to indicate a prominent growth. The pace of growth was the most pronounced in 2012, when it surged by X% y-o-y. The level of plug valve consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Plug Valve Production in Middle East

In 2017, approx. X units of ball and plug valves were produced in Middle East; surging by X% against the previous year. The plug valve production continues to indicate a strong growth. The most prominent rate of growth was recorded in 2012, when the output figure increased by X% y-o-y. Over the period under review, the plug valve production reached its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Plug Valve Exports in Middle East

The exports amounted to X units in 2017, flattening at the previous year. The plug valve exports continue to indicate a strong growth. The pace of growth was the most pronounced in 2012, with an increase of X% against the previous year. Over the period under review, the plug valve exports attained its peak figure volume of X units in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, plug valve exports stood at $X in 2017. The plug valve exports continue to indicate a prominent increase. Over the period under review, the plug valve exports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Plug Valve Exports by Country in Middle East

Turkey was the largest exporter of ball and plug valves in Middle East, with the volume of exports recording X units, which was near X% of total exports in 2017. The United Arab Emirates (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Israel (X%). Saudi Arabia (X units) held the minor share of total exports.

Turkey was also the fastest growing in terms of the ball and plug valves exports, with a CAGR of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Israel (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Israel increased by X% percentage points, while the United Arab Emirates (-X%) and Turkey (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plug valve supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey totaled +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Israel (-X% per year).

Plug Valve Export Prices by Country in Middle East

The plug valve export price in Middle East stood at $X per unit in 2017, going up by X% against the previous year. The plug valve export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when the export prices increased by X% against the previous year. The level of export price peaked of $X per unit in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Israel ($X per unit), while Turkey ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Plug Valve Imports in Middle East

The imports totaled X units in 2017, coming up by X% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the plug valve imports decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2012, when it surged by X% year-to-year. The volume of imports peaked of X units in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, plug valve imports totaled $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the plug valve imports decreased by -X% against 2014 indices. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Plug Valve Imports by Country in Middle East

In 2017, the United Arab Emirates (X units) and Saudi Arabia (X units) were the largest importers of ball and plug valves in the globe, together achieving X% of total imports. Turkey (X units) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Iraq (X%), Iran (X%) and Oman (X%). Kuwait (X units) took the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iraq (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest plug valve markets worldwide were Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising X% of total imports. Iran, Oman, Kuwait and Iraq lagged somewhat behind, together accounting for a further X%.

Iraq (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Plug Valve Import Prices by Country in Middle East

The plug valve import price in Middle East stood at $X per unit in 2017, going down by -X% against the previous year. The plug valve import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the import prices increased by X% against the previous year. Over the period under review, the import prices for ball and plug valves reached its peak figure level of $X per unit in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Turkey ($X per unit), while Iraq ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Oman (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform