Middle East: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in the Middle East

The Middle Eastern metal spring washer market fell to $X in 2022, waning by -10.9% against the previous year. Over the period under review, consumption, however, continues to indicate a mild shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Metal Spring Washer Production in the Middle East

In value terms, metal spring washer production soared to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +24.7% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 52% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the near future.

Metal Spring Washer Exports

Exports in the Middle East

In 2022, approx. X tons of iron or steel spring washers were exported in the Middle East; remaining constant against the previous year. Overall, exports saw a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 97% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, metal spring washer exports fell slightly to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 323%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was near 94% of total exports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the iron or steel spring washers exports, with a CAGR of +22.7% from 2012 to 2022. The United Arab Emirates (-5.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +55 percentage points.

In value terms, Turkey ($X) remains the largest metal spring washer supplier in the Middle East, comprising 95% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.4% share of total exports.

In Turkey, metal spring washer exports expanded at an average annual rate of +35.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, dropping by -5.5% against the previous year. Over the period under review, the export price, however, posted resilient growth. The growth pace was the most rapid in 2015 an increase of 114% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.3%).

Metal Spring Washer Imports

Imports in the Middle East

In 2022, overseas purchases of iron or steel spring washers decreased by -58.8% to X tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 41% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal spring washer imports declined markedly to $X in 2022. Over the period under review, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2013 when imports increased by 28% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) represented the main importer of iron or steel spring washers, constituting 37% of total imports. The United Arab Emirates (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Israel (7.4%), Iraq (7.4%), Iran (7.3%), Kuwait (6.4%) and Qatar (6.3%).

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +16.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported iron or steel spring washers in the Middle East, comprising 51% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total imports. It was followed by Israel, with an 8% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +3.9%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.8% per year) and Israel (+0.4% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, increasing by 80% against the previous year. Overall, the import price recorded prominent growth. 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 Turkey ($X per ton), while Qatar ($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 (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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