Saudi Arabia: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Saudi Arabia

The Saudi metal flexible tubing market shrank notably to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Metal Flexible Tubing Exports

Exports from Saudi Arabia

In 2021, overseas shipments of iron or steel flexible tubing increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal flexible tubing exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Mexico (X tons) were the main destinations of metal flexible tubing exports from Saudi Arabia, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal flexible tubing exported from Saudi Arabia were Mexico ($X), the United Arab Emirates ($X) and Bangladesh ($X), together accounting for X% of total exports. Oman, the UK and Bahrain lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal flexible tubing export price stood at $X per ton in 2021, growing by X% against the previous year. Overall, the export price continues to indicate slight growth. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%), while the prices for the other major destinations experienced a decline.

Metal Flexible Tubing Imports

Imports into Saudi Arabia

In 2022, approx. X tons of iron or steel flexible tubing were imported into Saudi Arabia; with a decrease of X% compared with 2021 figures. Overall, imports, however, saw a measured expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal flexible tubing imports fell dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of metal flexible tubing to Saudi Arabia, with a X% share of total imports. Moreover, metal flexible tubing imports from the UK exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (X% per year).

In value terms, the UK ($X) constituted the largest supplier of iron or steel flexible tubing to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average metal flexible tubing import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, saw a tangible increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :