Middle East: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2025

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in the Middle East

In 2022, the Middle Eastern loose-leaf binder metal fitting market increased by 1.9% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in the Middle East

In value terms, loose-leaf binder metal fitting production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 64%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports in the Middle East

After two years of growth, overseas shipments of base metal fittings for loose-leaf binders or files decreased by -5.1% to X tons in 2022. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 13%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, loose-leaf binder metal fitting exports dropped significantly to $X in 2022. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 218% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) was the largest exporter of base metal fittings for loose-leaf binders or files, comprising 66% of total exports. Israel (X tons) ranks second in terms of the total exports with a 17% share, followed by the United Arab Emirates (6.2%). The following exporters - Syrian Arab Republic (X tons), Jordan (X tons) and Iran (X tons) - together made up 8.2% of total exports.

From 2012 to 2022, average annual rates of growth with regard to loose-leaf binder metal fitting exports from Turkey stood at -14.2%. At the same time, Jordan (+27.1%), Syrian Arab Republic (+23.1%) and Iran (+2.6%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +27.1% from 2012-2022. By contrast, Israel (-4.4%) and the United Arab Emirates (-20.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, Syrian Arab Republic and Jordan increased by +10, +3.8 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, with a combined 90% share of total exports. Syrian Arab Republic, Jordan and Iran lagged somewhat behind, together comprising a further 4%.

Among the main exporting countries, Syrian Arab Republic, with a CAGR of +16.0%, recorded 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

In 2022, the export price in the Middle East amounted to $X per ton, with a decrease of -30.1% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2021 when the export price increased by 189%. As a result, the export price reached the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+16.9%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports in the Middle East

In 2022, approx. X tons of base metal fittings for loose-leaf binders or files were imported in the Middle East; with a decrease of -8.2% against the previous year. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by 10% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, loose-leaf binder metal fitting imports expanded slightly to $X in 2022. Over the period under review, imports recorded a pronounced downturn. The growth pace was the most rapid in 2014 when imports increased by 21%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey prevails in imports structure, reaching X tons, which was near 72% of total imports in 2022. Israel (X tons) held a 7.6% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (7%) and Iran (6.3%). The following importers - Bahrain (X tons) and Lebanon (X tons) - each amounted to a 4% share of total imports.

Imports into Turkey decreased at an average annual rate of -3.1% from 2012 to 2022. Bahrain experienced a relatively flat trend pattern. the United Arab Emirates (-5.7%), Iran (-5.9%), Israel (-9.0%) and Lebanon (-15.2%) illustrated a downward trend over the same period. Turkey (+20 p.p.) significantly strengthened its position in terms of the total imports, while Israel and Lebanon saw its share reduced by -2.7% and -2.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported base metal fittings for loose-leaf binders or files in the Middle East, comprising 70% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Israel, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.4% per year) and Israel (-8.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2018 an increase of 18% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 the United Arab Emirates ($X per ton), while Iran ($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 (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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