MENA: Iron Angle Market 2024

Iron Angle Market Size in MENA

The MENA's iron angle market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate moderate growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Iron Angle Production in MENA

In value terms, iron angle production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Iron Angle Exports

Exports in MENA

In 2022, overseas shipments of angles, shapes and sections (of iron or non-alloy steel) decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped dramatically in the following year.

In value terms, iron angle exports totaled $X in 2022. Over the period under review, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of angles, shapes and sections (of iron or non-alloy steel), making up X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Bahrain (X tons), together generating a X% share of total exports. Oman (X tons) and Iran (X tons) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of angles, shapes and sections (of iron or non-alloy steel). At the same time, Bahrain (X%), Oman (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Bahrain (X p.p.), the United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest iron angle supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Bahrain, with an X% share.

In Turkey, iron angle exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (X%), while the other leaders experienced more modest paces of growth.

Iron Angle Imports

Imports in MENA

For the fourth consecutive year, MENA recorded decline in purchases abroad of angles, shapes and sections (of iron or non-alloy steel), which decreased by X% to X tons in 2022. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron angle imports soared to $X in 2022. Overall, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Morocco (X tons) represented roughly X% of total imports in 2022. Egypt (X tons) held the next position in the ranking, followed by Algeria (X tons), Israel (X tons), Kuwait (X tons) and Iraq (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Egypt, Kuwait, Israel, Algeria and Iraq lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Kuwait, with a CAGR of X%, 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

The import price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and Kuwait ($X per ton), while the United Arab Emirates ($X per ton) and Iraq ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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