Middle East: Forged Steel Bar Market 2020

Forged Steel Bar Market Size in Middle East

The revenue of the forged steel bar market in Middle East amounted to $X in 2017, shrinking by -X% against the previous year. The forged steel bar consumption continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008, when market value increased by X% against the previous year. In that year, the forged steel bar market reached their peak level of $X. From 2009 to 2017, growth of the forged steel bar market stood at a somewhat lower level.

Forged Steel Bar Production in Middle East

In 2017, the amount of forged bars of steel and hot-rolled barsof non-alloy steel produced in Middle East amounted to X tons, therefore, remained relatively stable against the previous year. The forged steel bar production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Over the period under review, the forged steel bar production reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Forged Steel Bar Exports in Middle East

In 2017, forged steel bar exports in Middle East totaled X tons, rising by X% against the previous year. The forged steel bar exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. In that year, the forged steel bar exports reached their peak volume of X tons. From 2015 to 2017, growth of the forged steel bar exports stood at a somewhat lower level.

In value terms, forged steel bar exports amounted to $X in 2017. The forged steel bar exports continue to indicate a relatively flat trend pattern. Over the period under review, the forged steel bar exports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Forged Steel Bar Exports by Country in Middle East

Turkey was the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Qatar (X tons) and Oman (X tons), together committing X% share of total exports. Yemen (X tons), Syrian Arab Republic (X tons) and the United Arab Emirates (X tons) took the slight share of total exports.

Exports from Turkey decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Yemen (+X%), Qatar (+X%) and Oman (+X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. Syrian Arab Republic experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. Turkey (X%) significantly strengthened its position in terms of the global exports, while Yemen, Oman and Qatar saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest forged steel bar supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Qatar ($X), with a X% share of global exports. It was followed by Yemen, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey amounted to -X%. In the other countries, the average annual rates were as follows: Qatar (+X% per year) and Yemen (+X% per year).

Forged Steel Bar Export Prices by Country in Middle East

The forged steel bar export price in Middle East stood at $X per ton in 2017, shrinking by -X% against the previous year. The forged steel bar export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when the export prices increased by X% against the previous year. In that year, the export prices for forged bars of steel and hot-rolled barsof non-alloy steel attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for forged bars of steel and hot-rolled barsof non-alloy steel failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Yemen ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Yemen (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Forged Steel Bar Imports in Middle East

The imports amounted to X tons in 2017, declining by -X% against the previous year. The forged steel bar imports continue to indicate a moderate reduction. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, forged steel bar imports stood at $X in 2017. The forged steel bar imports continue to indicate a relatively flat trend pattern. In that year, the forged steel bar imports reached their peak level of $X. From 2015 to 2017, growth of the forged steel bar imports stood at a somewhat lower level.

Forged Steel Bar Imports by Country in Middle East

Yemen prevails in forged steel bar imports structure, resulting at X tons, which was approx. X% of total imports in 2017. The United Arab Emirates (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Saudi Arabia (X%) and Turkey (X%). The following importers - Jordan (X tons), Lebanon (X tons) and Bahrain (X tons) each accounted for a X% share of total imports.

Imports into Yemen increased at an average annual rate of +X% from 2007 to 2017. At the same time, Turkey (+X%), Saudi Arabia (+X%) and Jordan (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%), Bahrain (-X%) and Lebanon (-X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X%), Lebanon (X%) and Bahrain (X%) increased significantly in terms of the global imports from 2007-2017, the share of Saudi Arabia (-X%), Turkey (-X%) and Yemen (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Yemen ($X) constitutes the largest market for imported forged bars of steel and hot-rolled barsof non-alloy steel in Middle East, making up X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

In Yemen, forged steel bar imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Turkey (+X% per year).

Forged Steel Bar Import Prices by Country in Middle East

In 2017, the forged steel bar import price in Middle East amounted to $X per ton, coming up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year. Over the period under review, the import prices for forged bars of steel and hot-rolled barsof non-alloy steel attained its maximum level in 2017, and is likely to see steady growth in the near future.

Import prices varied noticeably by the country of destination; the country with the highest import price was Lebanon ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Yemen (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform