Middle East: Heavy Sections Market 2020

Heavy Sections Market Size in Middle East

The revenue of the heavy sections market in Middle East amounted to $X in 2017, waning by -X% against the previous year. The heavy sections consumption continues to indicate an abrupt shrinkage. The pace of growth was the most pronounced in 2010, with an increase of X% year-to-year. The level of heavy sections consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Heavy Sections Production in Middle East

In 2017, the amount of heavy sections produced in Middle East stood at X tons, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2017, when the output figure increased by X% against the previous year. In that year, the heavy sections production attained their peak volume, and is likely to continue its growth in the immediate term.

Heavy Sections Exports in Middle East

In 2017, approx. X tons of heavy sections were exported in Middle East; lowering by -X% against the previous year. The heavy sections exports continue to indicate a drastic drop. The pace of growth appeared the most rapid in 2014, when exports increased by X% year-to-year. Over the period under review, the heavy sections exports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, heavy sections exports stood at $X in 2017. The heavy sections exports continue to indicate an abrupt shrinkage. Over the period under review, the heavy sections exports attained its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Heavy Sections Exports by Country in Middle East

Turkey represented the key exporting country with an export of around X tons, which amounted to X% of total exports. The United Arab Emirates (X tons) occupied the second position in the ranking, distantly followed by Bahrain (X tons). All these countries together held approx. X% share of total exports. Oman (X tons) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Oman (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%) and Bahrain (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Turkey, Bahrain 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 ($X) remains the largest heavy sections supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Bahrain, with a X% share.

In Turkey, heavy sections exports contracted by 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 Bahrain (-X% per year).

Heavy Sections Export Prices by Country in Middle East

The heavy sections export price in Middle East stood at $X per ton in 2017, rising by X% against the previous year. The heavy sections export price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2008, when the export prices increased by X% year-to-year. In that year, the export prices for heavy sections reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for heavy sections stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Bahrain ($X per ton), while the United Arab Emirates ($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 Oman (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Heavy Sections Imports in Middle East

In 2017, the amount of heavy sections imported in Middle East totaled X tons, dropping by -X% against the previous year. The heavy sections imports continue to indicate a deep descent. The pace of growth was the most pronounced in 2010, with an increase of 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, heavy sections imports stood at $X in 2017. The heavy sections imports continue to indicate a drastic descent. The level of imports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Heavy Sections Imports by Country in Middle East

Saudi Arabia (X tons) and Turkey (X tons) represented the main importers of heavy sections in 2017, amounting to near X% and X% of total imports, respectively. The United Arab Emirates (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Iran (X%), Oman (X%) and Kuwait (X%). Israel (X tons) 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 Oman (+X% per year), while the other leaders experienced mixed trends in the imports figures.

In value terms, the largest heavy sections markets worldwide were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising X% of total imports. Iran, Kuwait, Oman and Israel lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries , Oman (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced a decline in the imports figures.

Heavy Sections Import Prices by Country in Middle East

In 2017, the heavy sections import price in Middle East amounted to $X per ton, coming up by X% against the previous year. The heavy sections import price continues to indicate a perceptible drop. The growth pace was the most rapid in 2008, an increase of X% against the previous year. In that year, the import prices for heavy sections reached their peak level of $X per ton. From 2009 to 2017, growth of the import prices for heavy sections failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Turkey ($X per ton), while Saudi Arabia ($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 Kuwait (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform