Middle East: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in the Middle East

The Middle Eastern iron or steel leaf-spring market declined rapidly to $X in 2022, dropping by -27.1% against the previous year. Overall, consumption saw a noticeable reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in the Middle East

In value terms, iron or steel leaf-spring production reduced sharply to $X in 2022 estimated in export price. In general, production, however, saw a buoyant increase. The growth pace was the most rapid in 2015 when the production volume increased by 397% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in the Middle East

In 2022, exports of iron or steel leaf-springs and leaves in the Middle East was estimated at X tons, surging by 2.6% on 2021. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, iron or steel leaf-spring exports rose remarkably to $X in 2022. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 58% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Turkey (X tons) was the largest exporter of iron or steel leaf-springs and leaves, creating 84% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a 16% 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 +13.2% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Turkey (+27 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-23.8 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest iron or steel leaf-spring supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +14.6%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 an increase of 17% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: 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 Turkey (+1.2%).

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in the Middle East

After three years of growth, overseas purchases of iron or steel leaf-springs and leaves decreased by -31.2% to X tons in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, iron or steel leaf-spring imports shrank rapidly to $X in 2022. In general, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the main importer of iron or steel leaf-springs and leaves, committing 39% of total imports. It was distantly followed by Iraq (X tons), Yemen (X tons), Turkey (X tons), Syrian Arab Republic (X tons) and Oman (X tons), together creating a 53% share of total imports. Israel (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +12.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2022, together comprising 72% of total imports. Yemen, Oman, Israel and Syrian Arab Republic lagged somewhat behind, together comprising a further 21%.

Oman, with a CAGR of +6.5%, saw the highest growth rate of the value of imports, among 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 ton in 2022, rising by 7.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 20% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($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 (+10.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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