Middle East: Metal Wool Market 2025

Metal Wool Market Size in the Middle East

In 2022, the Middle Eastern metal wool market decreased by -38.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a slight decline. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Production in the Middle East

In value terms, metal wool production soared to $X in 2022 estimated in export price. In general, production posted buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Metal Wool Exports

Exports in the Middle East

In 2022, overseas shipments of iron or steel wool increased by 16% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, saw a abrupt downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal wool exports soared to $X in 2022. Over the period under review, exports, however, recorded a perceptible shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the key exporter of iron or steel wool in the Middle East, with the volume of exports accounting for X tons, which was near 43% of total exports in 2022. Turkey (X tons) took the second position in the ranking, distantly followed by Jordan (X tons). All these countries together held approx. 38% share of total exports. Oman (X tons), Saudi Arabia (X tons), Bahrain (X tons) and Iran (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +42.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Jordan ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 85% of total exports. Bahrain, Saudi Arabia, Iran and Oman lagged somewhat behind, together accounting for a further 11%.

In terms of the main exporting countries, Bahrain, with a CAGR of +47.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by 11% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 30% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Oman ($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 (+11.5%), while the other leaders experienced more modest paces of growth.

Metal Wool Imports

Imports in the Middle East

In 2022, metal wool imports in the Middle East dropped rapidly to X tons, reducing by -51.9% compared with 2021 figures. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when imports increased by 35%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, metal wool imports declined markedly to $X in 2022. In general, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 44%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), Iraq (X tons) and Turkey (X tons) represented the main importer of iron or steel wool in the Middle East, achieving 61% of total import. Lebanon (X tons) ranks next in terms of the total imports with a 7% share, followed by Oman (6.6%), Israel (5.7%) and Kuwait (4.6%).

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +5.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 66% share of total imports.

Among the main importing countries, Iraq, with a CAGR of +13.6%, saw the highest rates of growth with regard to 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, rising by 9.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 when the import price increased by 19% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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