Middle East: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2025

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in the Middle East

For the fourth year in a row, the Middle Eastern cement prefabricated structural components market recorded growth in sales value, which increased by 1.5% to $X in 2021. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in the Middle East

In value terms, cement prefabricated structural components production expanded sharply to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports in the Middle East

In 2021, approx. X tons of prefabricated structural components of cement, concrete or artificial stone were exported in the Middle East; waning by -51.5% against 2020. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports fell remarkably to $X in 2021. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) and Iran (X tons) were the major exporters of prefabricated structural components of cement, concrete or artificial stone in 2021, recording near 43% and 29% of total exports, respectively. The United Arab Emirates (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Oman (9.1%). Saudi Arabia (X tons) and Bahrain (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +95.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Bahrain ($X) and Oman ($X) were the countries with the highest levels of exports in 2021, with a combined 72% share of total exports. These countries were followed by the United Arab Emirates, Iran and Saudi Arabia, which together accounted for a further 26%.

Among the main exporting countries, Iran, with a CAGR of +66.0%, recorded 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

The export price in the Middle East stood at $X per ton in 2021, with an increase of 69% against the previous year. In general, the export price, however, saw a noticeable decline. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+24.3%), while the other leaders experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports in the Middle East

In 2021, supplies from abroad of prefabricated structural components of cement, concrete or artificial stone increased by 2.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2014 with an increase of 90% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cement prefabricated structural components imports soared to $X in 2021. Overall, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 89% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Qatar was the key importer of prefabricated structural components of cement, concrete or artificial stone in the Middle East, with the volume of imports accounting for X tons, which was approx. 43% of total imports in 2021. Kuwait (X tons) ranks second in terms of the total imports with an 11% share, followed by the United Arab Emirates (10%), Saudi Arabia (9.2%), Israel (8.5%) and Turkey (5%). Oman (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cement prefabricated structural components imports into Qatar stood at +34.3%. At the same time, Turkey (+52.4%), the United Arab Emirates (+20.8%), Israel (+15.5%) and Kuwait (+1.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +52.4% from 2012-2021. By contrast, Saudi Arabia (-2.0%) and Oman (-27.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Qatar, the United Arab Emirates, Israel, Turkey and Kuwait increased by +40, +8.6, +6.4, +4.9 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported prefabricated structural components of cement, concrete or artificial stone in the Middle East, comprising 44% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Saudi Arabia, with a 10% share.

In Qatar, cement prefabricated structural components imports expanded at an average annual rate of +14.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+17.8% per year) and Saudi Arabia (-2.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, rising by 32% against the previous year. In general, the import price, however, saw a mild downturn. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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