Middle East: Extruded Rod Market 2022

Extruded Rod Market Size in the Middle East

In 2021, the Middle Eastern extruded rod market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Extruded Rod Production in the Middle East

In value terms, extruded rod production amounted to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Extruded Rod Exports

Exports in the Middle East

In 2021, exports of extruded rods and profile shapes of cellular vulcanised rubber in the Middle East amounted to X tons, with an increase of X% against the previous year's figure. In general, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, extruded rod exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2021. Oman (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together held approx. X% share of total exports. Saudi Arabia (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to extruded rod exports from Turkey stood at -X%. At the same time, Oman (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2012-2021. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Oman, Saudi Arabia and the United Arab Emirates increased by +X, +X and +X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest extruded rod supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, extruded rod exports shrank by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the other leaders experienced mixed trends in the export price figures.

Extruded Rod Imports

Imports in the Middle East

In 2021, extruded rod imports in the Middle East soared to X tons, picking up by X% compared with 2020 figures. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, extruded rod imports soared to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

Israel represented the largest importer of extruded rods and profile shapes of cellular vulcanised rubber in the Middle East, with the volume of imports reaching X tons, which was approx. X% of total imports in 2021. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Oman (X%). Kuwait (X tons), Qatar (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded rod importing markets in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

Israel, 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 2021, the import price in the Middle East amounted to $X per ton, dropping by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while Oman ($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 (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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