Middle East: Market for Forged Bars Of Stainless Steel 2025

Market Size for Forged Bars Of Stainless Steel in the Middle East

The Middle Eastern forged stainless steel bar market was estimated at $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Forged Bars Of Stainless Steel in the Middle East

In value terms, forged stainless steel bar production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Forged Bars Of Stainless Steel

Exports in the Middle East

In 2022, overseas shipments of forged bars of stainless steel decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, forged stainless steel bar exports declined remarkably to $X in 2022. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the main exporter of forged bars of stainless steel, making up X% of total exports. Israel (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). Oman (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%), Oman (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Israel (X p.p.), Turkey (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest forged stainless steel bar supplying countries in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Imports of Forged Bars Of Stainless Steel

Imports in the Middle East

In 2022, purchases abroad of forged bars of stainless steel decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, forged stainless steel bar imports surged to $X in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Iran represented the main importing country with an import of around X tons, which reached X% of total imports. Turkey (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Israel (X%). Qatar (X tons), Iraq (X tons) and 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 Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported forged bars of stainless steel in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, forged stainless steel bar imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price saw resilient growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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 ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :