Middle East: Metal Pallet Market 2020

Metal Pallet Market Size in Middle East

The revenue of the metal pallet market in Middle East amounted to $X in 2017, jumping by X% against the previous year. The metal pallet consumption continues to indicate a perceptible slump. The growth pace was the most rapid in 2008, with an increase of X% against the previous year. In that year, the metal pallet market attained their peak level of $X. From 2009 to 2017, growth of the metal pallet market failed to regain its momentum.

Metal Pallet Production in Middle East

In 2017, approx. X tons of iron or steel pallets were produced in Middle East; jumping by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015, with an increase of X% y-o-y. The volume of metal pallet production peaked of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Metal Pallet Exports in Middle East

In 2017, approx. X tons of iron or steel pallets were exported in Middle East; lowering by -X% against the previous year. The total exports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal pallet exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2008, with an increase of X% y-o-y. Over the period under review, the metal pallet exports reached its maximum volume of X tons in 2016, and then declined slightly in the following year.

In value terms, metal pallet exports stood at $X in 2017. The total exports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal pallet exports increased by +X% against 2014 indices. In that year, the metal pallet exports reached their peak level of $X. From 2009 to 2017, growth of the metal pallet exports failed to regain its momentum.

Metal Pallet Exports by Country in Middle East

Turkey prevails in metal pallet exports structure, accounting for X tons, which was near X% of total exports in 2017. It was distantly followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons), together committing X% share of total exports.

Turkey was also the fastest growing in terms of the iron or steel pallets exports, with a CAGR of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. While the share of Turkey (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal pallet supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, metal pallet exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and the United Arab Emirates (+X% per year).

Metal Pallet Export Prices by Country in Middle East

The metal pallet export price in Middle East stood at $X per ton in 2017, jumping by X% against the previous year. The metal pallet export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the export prices for iron or steel pallets attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for iron or steel pallets failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while Turkey ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Saudi Arabia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Metal Pallet Imports in Middle East

In 2017, approx. X tons of iron or steel pallets were imported in Middle East; shrinking by -X% against the previous year. The total imports indicated a prominent increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal pallet imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, metal pallet imports amounted to $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal pallet imports increased by +X% against 2014 indices. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Metal Pallet Imports by Country in Middle East

Turkey (X tons) and the United Arab Emirates (X tons) were the major importers of iron or steel pallets in 2017, amounting to approx. X% and X% of total imports, respectively. Saudi Arabia (X tons) ranks second in terms of the global imports with a X% share, followed by Iran (X%). The following importers - Israel (X tons), Kuwait (X tons), Jordan (X tons), Qatar (X tons), Oman (X tons) and Lebanon (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2017, together comprising X% of total imports.

Among the main importing countries , Turkey (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Metal Pallet Import Prices by Country in Middle East

The metal pallet import price in Middle East stood at $X per ton in 2017, surging by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. In that year, the import prices for iron or steel pallets attained their peak level, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was Israel ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform