Middle East: Steel Globe Valves Market 2020

Steel Globe Valves Market Size in Middle East

The revenue of the steel globe valves market in Middle East amounted to $X in 2017, jumping by X% against the previous year. The steel globe valves consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, with an increase of X% y-o-y. In that year, the steel globe valves market attained their peak level, and is likely to continue its growth in the immediate term.

Steel Globe Valves Production in Middle East

In 2017, the amount of globe valves, of steel produced in Middle East amounted to X units, stabilizing at the previous year. The steel globe valves production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when the output figure increased by X% year-to-year. The volume of steel globe valves production peaked in 2017, and is likely to see steady growth in the near future.

Steel Globe Valves Exports in Middle East

In 2017, approx. X units of globe valves, of steel were exported in Middle East; remaining constant against the previous year. The steel globe valves exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2012, when exports increased by X% y-o-y. The volume of exports peaked of X units in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, steel globe valves exports totaled $X in 2017. The steel globe valves exports continue to indicate a strong expansion. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Steel Globe Valves Exports by Country in Middle East

Turkey was the major exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by the United Arab Emirates (X units) and Israel (X units), together generating X% share of total exports. Saudi Arabia (X units) held the minor share of total exports.

Turkey was also the fastest growing in terms of the globe valves, of steel exports, with a CAGR of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Israel (-X%) illustrated a downward trend over the same period. While the share of Israel (X%) increased significantly in terms of the global exports from 2007-2017, the share of the United Arab Emirates (-X%) and Turkey (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest steel globe valves supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

In Turkey, steel globe valves exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Israel (-X% per year).

Steel Globe Valves Export Prices by Country in Middle East

The steel globe valves export price in Middle East stood at $X per unit in 2017, coming up by X% against the previous year. The steel globe valves export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017, an increase of X% year-to-year. The level of export price peaked of $X per unit in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Israel ($X per unit), while Turkey ($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 the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Steel Globe Valves Imports in Middle East

In 2017, steel globe valves imports in Middle East amounted to X units, going up by X% against the previous year. The total imports indicated a remarkable expansion 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 steel globe valves imports decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2012, when imports increased by X% y-o-y. Over the period under review, the steel globe valves imports attained its peak figure volume of X units in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, steel globe valves imports stood at $X in 2017. The total imports indicated a prominent growth from 2007 to 2017: its value 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 steel globe valves imports decreased by -X% against 2014 indices. Over the period under review, the steel globe valves imports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Steel Globe Valves Imports by Country in Middle East

The United Arab Emirates (X units) and Saudi Arabia (X units) were the key importers of globe valves, of steel in 2017, reaching near X% and X% of total imports, respectively. Turkey (X units) took the second position in the ranking, followed by Iraq (X units), Iran (X units) and Oman (X units). All these countries together took near X% share of total imports. Kuwait (X units) followed a long way behind the leaders.

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

In value terms, Saudi Arabia ($X), the United Arab Emirates ($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 Iran, Oman, Kuwait and Iraq, which together accounted for a further X%.

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

Steel Globe Valves Import Prices by Country in Middle East

The steel globe valves import price in Middle East stood at $X per unit in 2017, waning by -X% against the previous year. The steel globe valves import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, an increase of X% against the previous year. Over the period under review, the import prices for globe valves, of steel attained its peak figure level of $X per unit in 2009; however, from 2010 to 2017, it failed to regain its momentum.

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 ($X per unit), while Iraq ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform