Middle East: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in the Middle East

The Middle Eastern metal screw hook market reduced to $X in 2022, declining by -5.3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Metal Screw Hook Production in the Middle East

In value terms, metal screw hook production contracted significantly to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +21.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, production reached the peak level of $X, and then shrank remarkably in the following year.

Metal Screw Hook Exports

Exports in the Middle East

In 2022, approx. X tons of iron or steel screw hooks and screw rings were exported in the Middle East; with an increase of 16% on 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 23% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal screw hook exports surged to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +124.9% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the major exporting country with an export of around X tons, which finished at 72% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 14% share, followed by Saudi Arabia (7.3%). Bahrain (X tons) held a minor share of total exports.

Exports from Turkey increased at an average annual rate of +1.0% from 2012 to 2022. At the same time, Bahrain (+50.1%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +50.1% from 2012-2022. By contrast, Saudi Arabia (-2.6%) and the United Arab Emirates (-4.4%) illustrated a downward trend over the same period. Turkey (+10 p.p.) and Bahrain (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and the United Arab Emirates saw its share reduced by -1.7% and -6.7% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest metal screw hook supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 2.8% share.

In Turkey, metal screw hook exports expanded at an average annual rate of +7.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+10.1% per year) and Saudi Arabia (-2.2% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by 24% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal screw hook export price increased by +30.0% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 (+15.2%), while the other leaders experienced more modest paces of growth.

Metal Screw Hook Imports

Imports in the Middle East

In 2022, supplies from abroad of iron or steel screw hooks and screw rings decreased by -66.2% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced sharply in the following year.

In value terms, metal screw hook imports contracted dramatically to $X in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 83% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey was the major importing country with an import of around X tons, which resulted at 41% of total imports. Bahrain (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Israel (12%), the United Arab Emirates (11%) and Oman (7.6%). The following importers - Qatar (X tons) and Iraq (X tons) - each accounted for a 6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook imports into Turkey stood at +2.4%. At the same time, Bahrain (+36.9%), Oman (+22.6%) and Israel (+18.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +36.9% from 2012-2022. By contrast, the United Arab Emirates (-6.8%), Qatar (-13.0%) and Iraq (-21.7%) illustrated a downward trend over the same period. Turkey (+30 p.p.), Bahrain (+14 p.p.), Israel (+11 p.p.), Oman (+7.2 p.p.) and the United Arab Emirates (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Iraq saw its share reduced by -8.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, with a combined 76% share of total imports. Bahrain, Iraq, Qatar and Oman lagged somewhat behind, together accounting for a further 17%.

Among the main importing countries, Bahrain, with a CAGR of +24.8%, 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

The import price in the Middle East stood at $X per ton in 2022, increasing by 44% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal screw hook import price increased by +46.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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