United Arab Emirates: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in the United Arab Emirates

The metal flexible tubing market in the United Arab Emirates skyrocketed to $X in 2021, with an increase of 54% 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 enjoyed perceptible growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Metal Flexible Tubing Exports

Exports from the United Arab Emirates

Metal flexible tubing exports from the United Arab Emirates shrank markedly to X tons in 2021, which is down by -43.2% against the previous year. In general, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of 663% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal flexible tubing exports plummeted to $X in 2021. Overall, exports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of 868% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for metal flexible tubing exports from the United Arab Emirates, accounting for a 77% share of total exports. Moreover, metal flexible tubing exports to Oman exceeded the volume sent to the second major destination, Egypt (X tons), more than tenfold. The third position in this ranking was taken by Nigeria (X tons), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+165.5% per year) and Nigeria (+12.0% per year).

In value terms, Oman ($X) remains the key foreign market for iron or steel flexible tubing exports from the United Arab Emirates, comprising 70% of total exports. The second position in the ranking was taken by Egypt ($X), with a 10% share of total exports. It was followed by Saudi Arabia, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+162.3% per year) and Saudi Arabia (-32.0% per year).

Export Prices by Country

The average metal flexible tubing export price stood at $X per ton in 2021, jumping by 46% against the previous year. In general, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 106%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Nigeria ($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 Nigeria (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of iron or steel flexible tubing were imported into the United Arab Emirates; with an increase of 31% compared with the previous year's figure. Over the period under review, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 when imports increased by 136% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal flexible tubing imports skyrocketed to $X in 2021. In general, imports enjoyed a mild expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the UK (X tons) and India (X tons) were the main suppliers of metal flexible tubing imports to the United Arab Emirates, with a combined 77% share of total imports. The United States, South Korea, Turkey and France lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and the United States ($X) appeared to be the largest metal flexible tubing suppliers to the United Arab Emirates, together accounting for 58% of total imports. These countries were followed by India, France, South Korea and Turkey, which together accounted for a further 21%.

South Korea, with a CAGR of +36.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal flexible tubing import price amounted to $X per ton, picking up by 22% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 184%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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