Middle East: Electrical Strip Market 2020

Electrical Strip Market Size in Middle East

The revenue of the electrical strip market in Middle East amounted to $X in 2017, going up 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). The total market indicated a strong expansion 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 electrical strip consumption increased by +X% against 2013 indices. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the electrical strip market attained its peak figure level in 2017, and is likely to continue its growth in the immediate term.

Electrical Strip Exports in Middle East

In 2017, approx. X tons of electrical sheet and strip were exported in Middle East; surging by X% against the previous year. The electrical strip exports continue to indicate a moderate expansion. The growth pace was the most rapid in 2016, when exports increased by X% against the previous year. The volume of exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, electrical strip exports amounted to $X in 2017. The electrical strip exports continue to indicate a measured expansion. In that year, the electrical strip exports attained their peak level, and are likely to continue its growth in the immediate term.

Electrical Strip Exports by Country in Middle East

Turkey dominates electrical strip exports structure, amounting to X tons, which was near X% of total exports in 2017. It was distantly followed by Saudi Arabia (X tons), achieving X% share of total exports. The following exporters - Iran (X tons) and the United Arab Emirates (X tons) each amounted to a X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to electrical strip exports from Turkey stood at +X%. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. Saudi Arabia and Iran experienced a relatively flat trend pattern. While the share of Turkey (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, electrical strip exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and the United Arab Emirates (+X% per year).

Electrical Strip Export Prices by Country in Middle East

In 2017, the electrical strip export price in Middle East amounted to $X per ton, growing by X% against the previous year. The electrical strip export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the export prices increased by X% y-o-y. In that year, the export prices for electrical sheet and strip attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for electrical sheet and strip stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 Turkey (+X% per year), while the other leaders experienced a decline in the export price figures.

Electrical Strip Imports in Middle East

The imports amounted to X tons in 2017, increasing by X% against the previous year. The total imports indicated a prominent growth 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 electrical strip imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2015, when imports increased by X% year-to-year. Over the period under review, the electrical strip imports reached its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, electrical strip imports stood at $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, the electrical strip imports attained its maximum level in 2017, and are expected to retain its growth in the immediate term.

Electrical Strip Imports by Country in Middle East

Turkey represented the largest importing country with an import of about X tons, which accounted for X% of total imports. Iran (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Saudi Arabia (X%) and the United Arab Emirates (X%). The following importers - Jordan (X tons) and Kuwait (X tons) each finished at a X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to electrical strip imports into Turkey stood at +X%. At the same time, Saudi Arabia (+X%), Kuwait (+X%), the United Arab Emirates (+X%), Iran (+X%) and Jordan (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of the United Arab Emirates, Iran, Saudi Arabia and Turkey decreased by -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, electrical strip imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Iran (+X% per year) and the United Arab Emirates (+X% per year).

Electrical Strip Import Prices by Country in Middle East

In 2017, the electrical strip import price in Middle East amounted to $X per ton, picking up by X% against the previous year. The electrical strip import price continues to indicate a mild setback. The growth pace was the most rapid in 2008, an increase of X% year-to-year. In that year, the import prices for electrical sheet and strip attained their peak level of $X per ton. From 2009 to 2017, growth of the import prices for electrical sheet and strip failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Iran ($X per ton), while Saudi Arabia ($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 Iran (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform