Middle East: Market for Tube Or Pipe Fittings Of Non-Malleable Cast Iron 2020

Market Size for Tube Or Pipe Fittings Of Non-Malleable Cast Iron in the Middle East

In 2019, the Middle Eastern market for tube or pipe fittings of non-malleable cast iron increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2019, consumption remained at a lower figure.

Production of Tube Or Pipe Fittings Of Non-Malleable Cast Iron in the Middle East

In value terms, non-malleable cast iron pipe fittings production contracted modestly to $X in 2019 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. The level of production peaked at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

Production By Country in the Middle East

Turkey (X tons) constituted the country with the largest volume of non-malleable cast iron pipe fittings production, comprising approx. X% of total volume.

From 2007 to 2019, the average annual rate of growth in terms of volume in Turkey was relatively modest.

Exports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Exports in the Middle East

In 2019, non-malleable cast iron pipe fittings exports in the Middle East reduced to X tons, falling by -X% against 2018 figures. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, non-malleable cast iron pipe fittings exports reduced to $X in 2019. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, the United Arab Emirates (X tons) represented the main exporter of tube or pipe fittings of non-malleable cast iron, comprising X% of total exports. It was distantly followed by Turkey (X tons), Israel (X tons), Saudi Arabia (X tons) and Oman (X tons), together constituting a X% share of total exports. Bahrain (X tons) took a minor share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2019. Bahrain and Oman experienced a relatively flat trend pattern. By contrast, Turkey (-X%) and Israel (-X%) illustrated a downward trend over the same period. Saudi Arabia (+X p.p.) significantly strengthened its position in terms of the total exports, while Turkey, Israel and the United Arab Emirates saw its share reduced by -X%, -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest non-malleable cast iron pipe fittings supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

In the United Arab Emirates, non-malleable cast iron pipe fittings exports declined by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Turkey (-X% per year) and Israel (-X% per year).

Export Prices by Country

The export price for tube or pipe fittings of non-malleable cast iron in the Middle East stood at $X per ton in 2019, picking up by X% against the previous year. Export price indicated a notable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, non-malleable cast iron pipe fittings export price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, export prices reached the maximum in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bahrain, while the other leaders experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Imports in the Middle East

After three years of decline, overseas purchases of tube or pipe fittings of non-malleable cast iron increased by X% to X tons in 2019. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. From 2009 to 2019, the growth imports remained at a lower figure.

In value terms, non-malleable cast iron pipe fittings imports rose to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2010; however, from 2011 to 2019, imports failed to regain the momentum.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented the key importers of tube or pipe fittings of non-malleable cast iron in 2019, resulting at approx. X% and X% of total imports, respectively. Qatar (X tons) occupied the next position in the ranking, followed by Israel (X tons) and Kuwait (X tons). All these countries together held near X% share of total imports. The following importers - Oman (X tons) and Iraq (X tons) - each resulted at an X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-malleable cast iron pipe fittings importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X), together accounting for X% of total imports. Israel, Kuwait, Oman and Iraq lagged somewhat behind, together accounting for a further X terms of the main importing countries, Iraq recorded the highest rates of growth with regard to 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

In 2019, the import price for tube or pipe fittings of non-malleable cast iron in the Middle East amounted to $X per ton, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2010 to 2019, the growth in terms of the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Saudi Arabia ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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