Middle East: Stainless Steel Nut Market 2020

Stainless Steel Nut Market Size in Middle East

The revenue of the stainless steel nut market in Middle East amounted to $X in 2017, approximately reflecting the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2008, when market value increased by X% year-to-year. In that year, the stainless steel nut market attained their peak level of $X. From 2009 to 2017, growth of the stainless steel nut market stood at a somewhat lower level.

Stainless Steel Nut Production in Middle East

In 2017, production of stainless steel nuts in Middle East stood at X tons, going up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015, with an increase of X% y-o-y. Over the period under review, the stainless steel nut production attained its maximum volume in 2017, and is expected to retain its growth in the near future.

Stainless Steel Nut Exports in Middle East

In 2017, stainless steel nut exports in Middle East amounted to X tons, jumping by X% against the previous year. The stainless steel nut exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Over the period under review, the stainless steel nut exports reached its peak figure volume in 2017, and are likely to continue its growth in the near future.

In value terms, stainless steel nut exports stood at $X in 2017. The stainless steel nut exports continue to indicate a prominent expansion. The level of exports peaked in 2017, and are likely to continue its growth in the near future.

Stainless Steel Nut Exports by Country in Middle East

Turkey represented the major exporter of stainless steel nuts in Middle East, with the volume of exports resulting at X tons, which was near X% of total exports in 2017. It was distantly followed by the United Arab Emirates (X tons), mixed up X% share of total exports.

Turkey was also the fastest growing in terms of the stainless steel nuts exports, with a CAGR of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. The United Arab Emirates (-X%) and Turkey (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest stainless steel nut supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports.

In Turkey, stainless steel nut exports increased at an average annual rate of +X% over the period from 2007-2017.

Stainless Steel Nut Export Prices by Country in Middle East

The stainless steel nut export price in Middle East stood at $X per ton in 2017, lowering by -X% against the previous year. The stainless steel nut export price continues to indicate a temperate shrinkage. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% against the previous year. In that year, the export prices for stainless steel nuts reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for stainless steel nuts failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (-X% per year).

Stainless Steel Nut Imports in Middle East

In 2017, the amount of stainless steel nuts imported in Middle East amounted to X tons, picking up by X% against the previous year. The total imports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the stainless steel nut imports increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, stainless steel nut imports totaled $X in 2017. The total imports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the stainless steel nut imports increased by +X% against 2009 indices. Over the period under review, the stainless steel nut imports reached its peak figure level in 2017, and are likely to see steady growth in the immediate term.

Stainless Steel Nut Imports by Country in Middle East

Iran represented the major importing country with an import of around X tons, which reached X% of total imports. Turkey (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Saudi Arabia (X%). The following importers - Israel (X tons), Qatar (X tons) and Kuwait (X tons) each reached a X% share of total imports.

Iran was also the fastest growing in terms of the stainless steel nuts imports, with a CAGR of +X% from 2007 to 2017. At the same time, Kuwait (+X%), the United Arab Emirates (+X%), Qatar (+X%) and Turkey (+X%) displayed positive paces of growth. Israel and Saudi Arabia experienced a relatively flat trend pattern. While the share of Turkey (-X%), the United Arab Emirates (-X%) and Iran (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported stainless steel nuts in Middle East, making up X% of global imports. The second position in the ranking was occupied by Iran ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, stainless steel nut imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Iran (+X% per year) and the United Arab Emirates (+X% per year).

Stainless Steel Nut Import Prices by Country in Middle East

In 2017, the stainless steel nut import price in Middle East amounted to $X per ton, reducing by -X% against the previous year. The stainless steel nut import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, an increase of X% y-o-y. The level of import price peaked of $X per ton in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform