Middle East: Winding Wire Market 2025

Winding Wire Market Size in the Middle East

The Middle Eastern winding wire market reduced to $X in 2022, waning by -8.3% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2021, and then fell in the following year.

Winding Wire Production in the Middle East

In value terms, winding wire production declined dramatically to $X in 2022 estimated in export price. Over the period under review, production saw perceptible growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 70% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Winding Wire Exports

Exports in the Middle East

In 2022, overseas shipments of winding wire for electrical purposes increased by 5.1% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 43%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, winding wire exports expanded significantly to $X in 2022. Overall, exports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the key exporter of winding wire for electrical purposes in the Middle East, with the volume of exports recording X tons, which was approx. 58% of total exports in 2022. It was distantly followed by Jordan (X tons), creating a 30% share of total exports. The following exporters - Kuwait (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Lebanon (X tons) - together made up 10% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of -4.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Turkey ($X), Jordan ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, with a combined 92% share of total exports.

Jordan, with a CAGR of -1.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 8.4% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire export price increased by +61.6% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 40%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+7.6%), while the other leaders experienced more modest paces of growth.

Winding Wire Imports

Imports in the Middle East

Winding wire imports contracted dramatically to X tons in 2022, which is down by -15.4% on 2021 figures. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 18%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, winding wire imports expanded sharply to $X in 2022. In general, imports showed a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iraq was the main importer of winding wire for electrical purposes in the Middle East, with the volume of imports accounting for X tons, which was approx. 34% of total imports in 2022. The United Arab Emirates (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (18%), Kuwait (9.4%) and Oman (4.6%). Iran (X tons) and Israel (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest winding wire importing markets in the Middle East were Iraq ($X), the United Arab Emirates ($X) and Turkey ($X), together accounting for 70% of total imports. Kuwait, Oman, Israel and Iran lagged somewhat behind, together comprising a further 24%.

Among the main importing countries, Kuwait, with a CAGR of +5.5%, recorded 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

In 2022, the import price in the Middle East amounted to $X per ton, jumping by 29% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire import price increased by +96.0% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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