Middle East: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in the Middle East

In 2020, after four years of decline, there was growth in the Middle Eastern market for iron or steel leaf-springs and leaves, when its value increased by X% to $X. Overall, consumption continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2015 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Leaf-Springs And Leaves in the Middle East

In value terms, production of iron or steel leaf-springs and leaves rose to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2016 to 2020, production growth remained at a lower figure.

Production By Country in the Middle East

The countries with the highest volumes of production of iron or steel leaf-springs and leaves in 2020 were Turkey (X tons), Iran (X tons) and the United Arab Emirates (X tons), together accounting for X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of production of iron or steel leaf-springs and leaves, amongst the key producing countries, was attained by the United Arab Emirates, while production of iron or steel leaf-springs and leaves for the other leaders experienced a decline in the production figures.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports in the Middle East

For the ninth year in a row, the Middle East recorded growth in overseas shipments of iron or steel leaf-springs and leaves, which increased by X% to X tons in 2020. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2020 and is likely to see gradual growth in years to come.

In value terms, exports of iron or steel leaf-springs and leaves shrank modestly to $X in 2020. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2019, and then declined slightly in the following year.

Exports by Country

Turkey was the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total exports.

Turkey was also the fastest-growing in terms of the iron or steel leaf-springs and leaves exports, with a CAGR of +X% from 2007 to 2020. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. From 2007 to 2020, the share of Turkey increased by +X% percentage points, while the United Arab Emirates (-X p.p.) saw their share reduced.

In value terms, Turkey ($X) remains the largest iron or steel leaf-spring and leave supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, exports of iron or steel leaf-springs and leaves expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The export price for iron or steel leaf-springs and leaves in the Middle East stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports in the Middle East

In 2020, overseas purchases of iron or steel leaf-springs and leaves increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves rose slightly to $X in 2020. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Saudi Arabia (X tons), distantly followed by the United Arab Emirates (X tons), Yemen (X tons) and Syrian Arab Republic (X tons) represented the main importers of iron or steel leaf-springs and leaves, together generating X% of total imports. Oman (X tons), Turkey (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring and leave importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising X% of total imports. These countries were followed by Yemen, Oman, Iran and Syrian Arab Republic, which together accounted for a further X terms of the main importing countries, Oman recorded 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

In 2020, the import price for iron or steel leaf-springs and leaves in the Middle East amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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