Middle East: Metal Bath Market 2024

Metal Bath Market Size in the Middle East

The Middle Eastern metal bath market expanded rapidly to $X in 2023, increasing by X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Metal Bath Production in the Middle East

In value terms, metal bath production rose notably to $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Metal Bath Exports

Exports in the Middle East

In 2023, overseas shipments of baths of iron or steel decreased by X% to X units, falling for the fifth year in a row after two years of growth. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, metal bath exports shrank modestly to $X in 2023. Over the period under review, exports recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) represented roughly X% of total exports in 2023. Saudi Arabia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Palestine (X%). Oman (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Palestine (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest metal bath supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey totaled X%. 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).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, remaining relatively unchanged against the previous year. In general, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2022, and then shrank in the following year.

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 ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Metal Bath Imports

Imports in the Middle East

In 2023, approx. X units of baths of iron or steel were imported in the Middle East; picking up by X% compared with the previous year. Overall, imports enjoyed modest growth. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, metal bath imports expanded modestly to $X in 2023. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Qatar prevails in imports structure, finishing at X units, which was near X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X units), creating a X% share of total imports. Bahrain (X units) took a little share of total imports.

Qatar was also the fastest-growing in terms of the baths of iron or steel imports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) and Bahrain (X%) illustrated a downward trend over the same period. Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Bahrain saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest metal bath importing markets in the Middle East were the United Arab Emirates ($X), Qatar ($X) and Bahrain ($X), with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform