Middle East: Base Metal Keys Market 2025

Base Metal Keys Market Size in the Middle East

In 2022, the Middle Eastern base metal keys market decreased by -11.8% to $X, falling for the fifth year in a row after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Base Metal Keys Production in the Middle East

In value terms, base metal keys production declined to $X in 2022 estimated in export price. In general, production, however, showed notable growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 40%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Base Metal Keys Exports

Exports in the Middle East

In 2022, base metal keys exports in the Middle East fell significantly to X tons, waning by -16.6% compared with 2021 figures. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, the exports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, base metal keys exports stood at $X in 2022. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of 62%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey was the main exporter of base metal keys in the Middle East, with the volume of exports accounting for X tons, which was near 82% of total exports in 2022. Israel (X tons) ranks second in terms of the total exports with an 11% share, followed by the United Arab Emirates (5.7%).

From 2012 to 2022, average annual rates of growth with regard to base metal keys exports from Turkey stood at +6.3%. At the same time, Israel (+7.3%) and the United Arab Emirates (+4.4%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +7.3% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest base metal keys supplier in the Middle East, comprising 61% of total exports. The second position in the ranking was taken by Israel ($X), with a 26% share of total exports.

In Turkey, base metal keys exports expanded at an average annual rate of +11.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+11.3% per year) and the United Arab Emirates (+6.2% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by 24% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the export price increased by 52% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.2%), while the other leaders experienced more modest paces of growth.

Base Metal Keys Imports

Imports in the Middle East

In 2022, supplies from abroad of base metal keys decreased by -23.7% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2019 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, base metal keys imports declined rapidly to $X in 2022. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 18%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of base metal keys imports in 2022 were the United Arab Emirates (X tons), Iran (X tons) and Turkey (X tons), together recording 64% of total import. Israel (X tons) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by Yemen (7.4%), Iraq (5.3%) and Qatar (4.6%). Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Yemen (with a CAGR of +36.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal keys importing markets in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), together accounting for 69% of total imports. Iran, Kuwait, Iraq, Yemen and Qatar lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Yemen, with a CAGR of +39.5%, 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, growing by 9.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 30% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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