Middle East: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in the Middle East

The Middle Eastern market for plastic hoses and hose fittings contracted to $X in 2021, reducing by -11.3% against the previous year. Overall, consumption showed a slight descent. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Plastic Hoses and Hose Fittings in the Middle East

In value terms, plastic hose and hose fitting production reduced to $X in 2021 estimated in export price. In general, production, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports in the Middle East

In 2021, plastic hose and hose fitting exports in the Middle East surged to X tons, jumping by 68% on 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) was the main exporter of plastic hoses and hose fittings, comprising 59% of total exports. Saudi Arabia (X tons) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (9.6%) and Bahrain (4.9%). Israel (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic hose and hose fitting exports from Turkey stood at +3.2%. At the same time, Bahrain (+25.8%) and the United Arab Emirates (+4.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +25.8% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-6.4%) illustrated a downward trend over the same period. While the share of Turkey (+15 p.p.), Bahrain (+4.3 p.p.) and the United Arab Emirates (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-14.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic hose and hose fitting supplier in the Middle East, comprising 51% of total exports. The second position in the ranking was held by Israel ($X), with a 20% share of total exports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +3.7%. In the other countries, the average annual rates were as follows: Israel (+7.8% per year) and Saudi Arabia (-1.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, growing by 3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2015 when the export price increased by 11%. The level of export peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+7.3%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports in the Middle East

In 2021, overseas purchases of plastic hoses and hose fittings increased by 0.9% to X tons, rising for the third year in a row after three years of decline. Overall, imports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 5.8%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports totaled $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Iraq (X tons), distantly followed by Yemen (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main importers of plastic hoses and hose fittings, together generating 75% of total imports. Israel (X tons), Kuwait (X tons), Syrian Arab Republic (X tons), Jordan (X tons), Iran (X tons), Oman (X tons), Qatar (X tons) and Lebanon (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iraq ($X), with a combined 60% share of total imports. These countries were followed by Saudi Arabia, Israel, Yemen, Jordan, Kuwait, Iran, Qatar, Oman, Syrian Arab Republic and Lebanon, which together accounted for a further 39%.

Among the main importing countries, Yemen, with a CAGR of +14.6%, recorded 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 2021, rising by 8.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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