Middle East: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in the Middle East

The Middle Eastern market for sanitary ware and parts of iron or steel reached $X in 2023, increasing by X% against the previous year. In general, consumption recorded a temperate increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in the Middle East

In value terms, iron or steel sanitary ware production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a mild increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in the Middle East

In 2023, after two years of growth, there was significant decline in shipments abroad of sanitary ware and parts of iron or steel, when their volume decreased by X% to X units. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2022, and then dropped markedly in the following year.

In value terms, iron or steel sanitary ware exports declined to $X in 2023. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then reduced slightly in the following year.

Exports by Country

Turkey was the largest exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by the United Arab Emirates (X units) and Iraq (X units), together mixing up a X% share of total exports. Iran (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Iraq (X%) and Iran (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Turkey (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest iron or steel sanitary ware supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

In Turkey, iron or steel sanitary ware exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in the Middle East

After four years of growth, purchases abroad of sanitary ware and parts of iron or steel decreased by X% to X units in 2023. Total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X units, and then declined rapidly in the following year.

In value terms, iron or steel sanitary ware imports shrank to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X units, which amounted to X% of total imports. Iraq (X units) ranks second in terms of the total imports with a X% share, followed by Iran (X%), Jordan (X%), Israel (X%), Turkey (X%) and Kuwait (X%).

The United Arab Emirates was also the fastest-growing in terms of the sanitary ware and parts of iron or steel imports, with a CAGR of X% from 2012 to 2023. At the same time, Israel (X%), Turkey (X%) and Jordan (X%) displayed positive paces of growth. Iraq experienced a relatively flat trend pattern. By contrast, Kuwait (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Israel (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kuwait (X p.p.), Iraq (X p.p.) and Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sanitary ware and parts of iron or steel in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iraq ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

In the United Arab Emirates, iron or steel sanitary ware imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Iraq (X% per year) and Israel (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform