Middle East: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the Middle East

The Middle Eastern market for iron, steel or aluminium reservoirs, tanks, vats and similar containers expanded rapidly to $X in 2020, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the Middle East

In value terms, iron, steel or aluminium reservoir production soared to $X in 2020 estimated in export prices. The total production indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2014 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Production By Country in the Middle East

Turkey (X tons) remains the largest iron, steel or aluminium reservoir producing country in the Middle East, accounting for X% of total volume. Moreover, iron, steel or aluminium reservoir production in Turkey exceeded the figures recorded by the second-largest producer, Saudi Arabia (X tons), twofold. Israel (X tons) ranked third in terms of total production with a X% share.

In Turkey, iron, steel or aluminium reservoir production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Saudi Arabia (+X% per year) and Israel (+X% per year).

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports in the Middle East

After five years of growth, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons in 2020. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2019, and then declined rapidly in the following year.

In value terms, iron, steel or aluminium reservoir exports fell dramatically to $X in 2020. Total exports indicated buoyant growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of export peaked at $X in 2019, and then declined dramatically in the following year.

Exports by Country

Turkey prevails in iron, steel or aluminium reservoir exports structure, recording X tons, which was near X% of total exports in 2020. It was distantly followed by Israel (X tons), mixing up a X% share of total exports. The United Arab Emirates (X tons), Lebanon (X tons), Saudi Arabia (X tons) and Oman (X tons) held a minor share of total exports.

Turkey was also the fastest-growing in terms of the iron, steel or aluminium reservoirs, tanks, vats and similar containers exports, with a CAGR of +X% from 2007 to 2020. At the same time, Israel (+X%) and Oman (+X%) displayed positive paces of growth. By contrast, Saudi Arabia (-X%), the United Arab Emirates (-X%) and Lebanon (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Turkey increased by +X% percentage points, while Saudi Arabia (-X p.p.), Lebanon (-X p.p.) and the United Arab Emirates (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest iron, steel or aluminium reservoir supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Israel ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, iron, steel or aluminium reservoir exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Israel (+X% per year) and the United Arab Emirates (-X% per year).

Export Prices by Country

The export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in the Middle East stood at $X per ton in 2020, remaining stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Israel ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Oman, while the other leaders experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports in the Middle East

In 2020, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons for the first time since 2016, thus ending a three-year declining trend. In general, imports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2013 to 2020, the growth imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports contracted slightly to $X in 2020. Over the period under review, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons), Yemen (X tons) and Iraq (X tons) represented roughly X% of total imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers in 2020. Israel (X tons) ranks next in terms of the total imports with a X% share, followed by Iran (X%), Kuwait (X%) and Oman (X%).

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Yemen, while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports.

In terms of the main importing countries, Israel 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 for iron, steel or aluminium reservoirs, tanks, vats and similar containers in the Middle East stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the import price showed a noticeable reduction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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