Middle East: Cold Metal-Rolling Mill Market 2024

Cold Metal-Rolling Mill Market Size in the Middle East

The Middle Eastern cold metal-rolling mill market surged to $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cold Metal-Rolling Mill Production in the Middle East

In value terms, cold metal-rolling mill production surged to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cold Metal-Rolling Mill Exports

Exports in the Middle East

In 2022, the amount of cold metal-rolling mills exported in the Middle East skyrocketed to X units, surging by X% against the previous year's figure. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, cold metal-rolling mill exports expanded markedly to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey was the largest exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Iran (X units), Lebanon (X units), Jordan (X units), the United Arab Emirates (X units) and Syrian Arab Republic (X units), together constituting a X% share of total exports.

Turkey was also the fastest-growing in terms of the cold metal-rolling mills exports, with a CAGR of X% from 2012 to 2022. At the same time, Iran (X%) and Jordan (X%) displayed positive paces of growth. Syrian Arab Republic experienced a relatively flat trend pattern. By contrast, Lebanon (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest cold metal-rolling mill supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

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

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Cold Metal-Rolling Mill Imports

Imports in the Middle East

In 2022, approx. X units of cold metal-rolling mills were imported in the Middle East; standing approx. at 2021 figures. Over the period under review, imports showed noticeable growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cold metal-rolling mill imports skyrocketed to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units) and Iran (X units) represented roughly X% of total imports in 2022. Israel (X units) held the next position in the ranking, followed by Qatar (X units). All these countries together held approx. X% share of total imports. The following importers - the United Arab Emirates (X units), Kuwait (X units), Iraq (X units), Jordan (X units), Oman (X units), Bahrain (X units) and Syrian Arab Republic (X units) - together made up X% of total imports.

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

In value terms, the largest cold metal-rolling mill importing markets in the Middle East were Turkey ($X), Iran ($X) and Israel ($X), together accounting for X% of total imports.

Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the Middle East amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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