Middle East: Base Metal Hook Market 2025

Base Metal Hook Market Size in the Middle East

The Middle Eastern base metal hook market reduced notably to $X in 2022, which is down by -23.1% against the previous year. Over the period under review, consumption, however, saw prominent growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Base Metal Hook Production in the Middle East

In value terms, base metal hook production dropped notably to $X in 2022 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 105% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Base Metal Hook Exports

Exports in the Middle East

In 2022, the amount of base metal hooks, eyes and eyelets exported in the Middle East skyrocketed to X tons, picking up by 22% compared with the previous year's figure. Overall, exports saw tangible growth. The growth pace was the most rapid in 2013 when exports increased by 111%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal hook exports soared to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +9.2% 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 +87.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 78% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of base metal hooks, eyes and eyelets, committing 57% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 32% share, followed by Bahrain (10%).

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest base metal hook supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +11.0%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+12.4% per year) and Bahrain (+30.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, jumping by 24% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price increased by +61.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 48% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Bahrain ($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 (+11.5%), while the other leaders experienced more modest paces of growth.

Base Metal Hook Imports

Imports in the Middle East

In 2022, after two years of decline, there was significant growth in supplies from abroad of base metal hooks, eyes and eyelets, when their volume increased by 12% to X tons. Over the period under review, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 31% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, base metal hook imports reached $X in 2022. Overall, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Turkey (X tons), Iran (X tons), Syrian Arab Republic (X tons), Iraq (X tons) and Yemen (X tons) represented the largest importers of base metal hooks, eyes and eyelets, together mixing up 86% of total imports. Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +5.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal hook importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), with a combined 67% share of total imports. Iraq, Syrian Arab Republic, Yemen and Qatar lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Qatar, with a CAGR of +7.3%, saw the highest growth rate of 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

In 2022, the import price in the Middle East amounted to $X per ton, waning by -3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2013 when the import price increased by 24%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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