Middle East: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in the Middle East

The Middle Eastern iron or steel can market reduced to $X in 2021, falling by -11.2% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the market value increased by 6.7% against the previous year. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Iron or Steel Cans in the Middle East

In value terms, iron or steel can production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 7.7% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Exports of Iron or Steel Cans

Exports in the Middle East

For the third year in a row, the Middle East recorded growth in overseas shipments of iron or steel cans, which increased by 64% to X units in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.5% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel can exports skyrocketed to $X in 2021. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X units) represented the main exporter of iron or steel cans, creating 77% of total exports. It was distantly followed by Saudi Arabia (X units) and the United Arab Emirates (X units), together creating a 21% share of total exports. Jordan (X units) held a little share of total exports.

Turkey was also the fastest-growing in terms of the iron or steel cans exports, with a CAGR of +16.3% from 2012 to 2021. At the same time, Jordan (+9.3%) displayed positive paces of growth. By contrast, the United Arab Emirates (-4.2%) and Saudi Arabia (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey increased by +45 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest iron or steel can supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 6.4% share.

In Turkey, iron or steel can exports expanded at an average annual rate of +15.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (-2.3% per year) and the United Arab Emirates (-4.7% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Jordan ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron or Steel Cans

Imports in the Middle East

In 2021, after two years of decline, there was significant growth in supplies from abroad of iron or steel cans, when their volume increased by 19% to X units. Overall, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 when imports increased by 19% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel can imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units) and Iraq (X units) were the main importers of iron or steel cans in 2021, accounting for near 21% and 19% of total imports, respectively. Oman (X units) ranks next in terms of the total imports with a 12% share, followed by Kuwait (8.4%), Lebanon (7.9%), Jordan (6.7%), Bahrain (6.7%) and Syrian Arab Republic (5.2%). Palestine (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2021, with a combined 40% share of total imports.

Iraq, with a CAGR of +36.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, picking up by 3.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2014 when the import price increased by 19%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Lebanon ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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