Middle East: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in the Middle East

The Middle Eastern base metal flexible tubing market fell sharply to $X in 2021, dropping by -41.1% against the previous year. In general, consumption recorded a perceptible curtailment. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Base Metal Flexible Tubing, Iron Or Steel in the Middle East

In value terms, base metal flexible tubing production shrank to $X in 2021 estimated in export price. In general, production showed significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 127%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in the Middle East

In 2021, the amount of base metal flexible tubing, iron or steel exported in the Middle East skyrocketed to X tons, picking up by 104% against the previous year. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of 152%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, base metal flexible tubing exports surged to $X in 2021. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 210%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was near 88% of total exports in 2021. It was distantly followed by Israel (X tons), constituting a 9.5% share of total exports. The United Arab Emirates (X tons) took a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +15.5% from 2012 to 2021. At the same time, Israel (+69.0%) and the United Arab Emirates (+14.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +69.0% from 2012-2021. While the share of Israel (+9.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal flexible tubing supplying countries in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), together comprising 100% of total exports.

Israel, with a CAGR of +75.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 the Middle East stood at $X per ton in 2021, with a decrease of -15.3% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal flexible tubing export price increased by +56.4% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 43%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then dropped dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.8%), while the other leaders experienced a decline in the export price figures.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in the Middle East

In 2021, base metal flexible tubing imports in the Middle East rose to X tons, increasing by 4% on 2020. In general, imports, however, continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, base metal flexible tubing imports shrank modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons), Iraq (X tons), Israel (X tons), Kuwait (X tons), Qatar (X tons), Iran (X tons), Jordan (X tons) and Turkey (X tons) represented roughly 95% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing importing markets in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X), with a combined 50% share of total imports. These countries were followed by Israel, Turkey, Kuwait, Iran, Qatar and Jordan, which together accounted for a further 46%.

Kuwait, with a CAGR of +11.6%, recorded the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per ton in 2021, dropping by -5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2014 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Israel ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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