Middle East: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in the Middle East

The Middle Eastern plastic pipe and hose market dropped to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, showed a resilient increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in the Middle East

In value terms, plastic pipe and hose production shrank dramatically to $X in 2022 estimated in export price. Overall, production, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports in the Middle East

After four years of growth, overseas shipments of plastics tubes, pipes and hoses, and fitting decreased by X% to X tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic pipe and hose exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Turkey was the major exporter of plastics tubes, pipes and hoses, and fitting in the Middle East, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Bahrain (X tons) and Israel (X tons), together comprising a X% share of total exports. Oman (X tons) and Iran (X tons) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), Oman (X%), the United Arab Emirates (X%), Bahrain (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Bahrain (X p.p.), Oman (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic pipe and hose supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, plastic pipe and hose exports remained relatively stable over the period from 2012-2022. 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 in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Israel ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports in the Middle East

In 2022, after three years of growth, there was significant decline in supplies from abroad of plastics tubes, pipes and hoses, and fitting, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, plastic pipe and hose imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Iraq represented the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons), Turkey (X tons) and Yemen (X tons), together achieving a X% share of total imports. Israel (X tons), Kuwait (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic pipe and hose imports into Iraq stood at X%. At the same time, Yemen (X%), Turkey (X%), Israel (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Qatar (X%) illustrated a downward trend over the same period. While the share of Yemen (X p.p.), Saudi Arabia (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), Turkey ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The United Arab Emirates, Israel, Yemen, Kuwait and Qatar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Yemen, with a CAGR of X%, 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 2022, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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