Middle East: Metal Washer Market 2025

Metal Washer Market Size in the Middle East

In 2021, the Middle Eastern metal washer market increased by 30% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Washer Production in the Middle East

In value terms, metal washer production soared to $X in 2021 estimated in export price. Overall, production saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 200%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Washer Exports

Exports in the Middle East

Metal washer exports soared to X tons in 2021, increasing by 28% compared with 2020. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 45%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, metal washer exports soared to $X in 2021. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was near 89% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), mixing up an 8.4% share of total exports. Israel (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +7.5% from 2012 to 2021. At the same time, Israel (+25.7%) and the United Arab Emirates (+2.9%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +25.7% from 2012-2021. While the share of Turkey (+2.9 p.p.) and Israel (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-3.6 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest metal washer supplier in the Middle East, comprising 91% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5% share of total exports.

In Turkey, metal washer exports increased at an average annual rate of +7.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.6% per year) and Israel (+27.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, rising by 4.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 18%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Metal Washer Imports

Imports in the Middle East

For the third consecutive year, the Middle East recorded decline in purchases abroad of iron or steel washers, which decreased by -6.3% to X tons in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal washer imports fell slightly to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 29% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of iron or steel washers, namely the United Arab Emirates, Turkey and Saudi Arabia, represented more than two-thirds of total import. Israel (X tons) ranks next in terms of the total imports with a 7.3% share, followed by Qatar (4.7%). Iraq (X tons) and Iran (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal washer importing markets in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 76% share of total imports. These countries were followed by Israel, Qatar, Iraq and Iran, which together accounted for a further 17%.

Qatar, with a CAGR of +14.0%, 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 2021, surging by 4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 4.5% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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