Middle East: Expanded Metal Market 2025

Expanded Metal Market Size in the Middle East

The Middle Eastern expanded metal market rose to $X in 2022, surging by 4.8% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Expanded Metal Production in the Middle East

In value terms, expanded metal production rose modestly to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 43%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports in the Middle East

In 2022, the amount of iron or steel expanded metal exported in the Middle East rose remarkably to X tons, surging by 7.3% against 2021. Overall, exports, however, continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 89% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, expanded metal exports rose sharply to $X in 2022. In general, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of 90% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the major exporter of iron or steel expanded metal, constituting 71% of total exports. Turkey (X tons) took the second position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together held near 26% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to expanded metal exports from the United Arab Emirates stood at +1.3%. At the same time, Turkey (+18.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +18.2% from 2012-2022. By contrast, Saudi Arabia (-20.7%) illustrated a downward trend over the same period. The United Arab Emirates (+28 p.p.) and Turkey (+17 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -38.5% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest expanded metal supplier in the Middle East, comprising 64% of total exports. The second position in the ranking was taken by Turkey ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +3.6%. In the other countries, the average annual rates were as follows: Turkey (+5.6% per year) and Saudi Arabia (-24.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 18%. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the other leaders experienced a decline in the export price figures.

Expanded Metal Imports

Imports in the Middle East

After six years of decline, overseas purchases of iron or steel expanded metal increased by 12% to X tons in 2022. In general, imports, however, showed a perceptible setback. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, expanded metal imports shrank slightly to $X in 2022. Over the period under review, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Kuwait (X tons) were the main importers of iron or steel expanded metal in 2022, accounting for near 28% and 27% of total imports, respectively. Israel (X tons) ranks next in terms of the total imports with a 9% share, followed by Turkey (7.9%), Syrian Arab Republic (7.1%), Iraq (6.6%) and Bahrain (6%).

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Iraq ($X) were the countries with the highest levels of imports in 2022, with a combined 54% share of total imports. Israel, Turkey, Syrian Arab Republic and Bahrain lagged somewhat behind, together comprising a further 34%.

In terms of the main importing countries, Israel, with a CAGR of +13.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, reducing by -13.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 27%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iraq ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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