Middle East: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in the Middle East

The Middle Eastern metal flexible tubing market reduced modestly to $X in 2022, leveling off at the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Flexible Tubing Production in the Middle East

In value terms, metal flexible tubing production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal Flexible Tubing Exports

Exports in the Middle East

In 2022, shipments abroad of iron or steel flexible tubing increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports saw a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, metal flexible tubing exports surged to $X in 2022. Over the period under review, exports recorded resilient growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the main exporter of iron or steel flexible tubing, generating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

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

In Turkey, metal flexible tubing exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Metal Flexible Tubing Imports

Imports in the Middle East

Metal flexible tubing imports fell significantly to X tons in 2022, with a decrease of X% on 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal flexible tubing imports contracted notably to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Saudi Arabia represented the major importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Turkey (X tons), Oman (X tons), Qatar (X tons) and Iraq (X tons), together constituting a X% share of total imports. Israel (X tons) held a little share of total imports.

Saudi Arabia was also the fastest-growing in terms of the iron or steel flexible tubing imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Israel experienced a relatively flat trend pattern. By contrast, Turkey (X%), the United Arab Emirates (X%), Qatar (X%) and Iraq (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey, Iraq and the United Arab Emirates saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal flexible tubing importing markets in the Middle East were Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Among the main importing countries, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per ton in 2022, declining by X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal flexible tubing import price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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