Middle East: Gasket Market 2020

Gasket Market Size in Middle East

The revenue of the gasket market in Middle East amounted to $X in 2017, surging by X% against the previous year. The gasket consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2017, with an increase of X% y-o-y. Over the period under review, the gasket market reached its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Gasket Production in Middle East

In 2017, approx. X units of gaskets and similar joints of metal sheeting were produced in Middle East; picking up by X% against the previous year. The total output indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket production decreased by -X% against 2015 indices. The growth pace was the most rapid in 2015, when the output figure increased by X% y-o-y. In that year, the gasket production reached their peak volume of X units. From 2016 to 2017, growth of the gasket production stood at a somewhat lower level.

Gasket Exports in Middle East

The exports totaled X units in 2017, coming down by -X% against the previous year. The gasket exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013, when exports increased by X% y-o-y. In that year, the gasket exports attained their peak volume of X units. From 2014 to 2017, growth of the gasket exports stood at a somewhat lower level.

In value terms, gasket exports stood at $X in 2017. The gasket exports continue to indicate a remarkable increase. In that year, the gasket exports reached their peak level of $X. From 2014 to 2017, growth of the gasket exports failed to regain its momentum.

Gasket Exports by Country in Middle East

The United Arab Emirates (X units) and Turkey (X units) dominates gasket exports structure, together committing X% of total exports. Oman (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Oman (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest gasket markets worldwide were Turkey ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total exports.

In terms of the main exporting countries , Oman (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Gasket Export Prices by Country in Middle East

In 2017, the gasket export price in Middle East amounted to $X per unit, increasing by X% against the previous year. The export price indicated a moderate increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, an increase of X% y-o-y. In that year, the export prices for gaskets and similar joints of metal sheeting reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Turkey ($X per unit), while the United Arab Emirates ($X per thousand units) was amongst the lowest.

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

Gasket Imports in Middle East

In 2017, approx. X units of gaskets and similar joints of metal sheeting were imported in Middle East; falling by -X% against the previous year. The gasket imports continue to indicate a mild deduction. The most prominent rate of growth was recorded in 2012, with an increase of X% against the previous year. In that year, the gasket imports reached their peak volume of X units. From 2013 to 2017, growth of the gasket imports failed to regain its momentum.

In value terms, gasket imports amounted to $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket imports increased by +X% against 2015 indices. Over the period under review, the gasket imports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Gasket Imports by Country in Middle East

Saudi Arabia (X units), the United Arab Emirates (X units), Iran (X units), Turkey (X units), Qatar (X units), Oman (X units) and Kuwait (X units) represented roughly X% of total imports of gaskets and similar joints of metal sheeting in 2017.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Oman (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Qatar, Iran, Kuwait and Oman, which together accounted for a further X%.

Oman (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Gasket Import Prices by Country in Middle East

The gasket import price in Middle East stood at $X per unit in 2017, increasing by X% against the previous year. The import price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket import price increased by +X% against 2014 indices. The growth pace was the most rapid in 2009, when the import prices increased by X% against the previous year. Over the period under review, the import prices for gaskets and similar joints of metal sheeting attained its peak figure level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Turkey ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform