MENA: Market for Containers for compressed or liquefied gas, of iron or steel 2024

Market Size for Containers for compressed or liquefied gas, of iron or steel in MENA

The MENA's market for containers for compressed or liquefied gas, of iron or steel soared to $X in 2023, picking up by X% against the previous year. Overall, consumption recorded a buoyant increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Containers for compressed or liquefied gas, of iron or steel in MENA

In value terms, production of containers for compressed or liquefied gas, of iron or steel soared to $X in 2023 estimated in export price. Overall, production posted prominent growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Containers for compressed or liquefied gas, of iron or steel

Exports in MENA

Exports of containers for compressed or liquefied gas, of iron or steel reduced to X units in 2023, which is down by X% on the previous year. Total exports indicated a strong 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, exports decreased by X% against 2021 indices. 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 of reached the maximum at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel totaled $X in 2023. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Turkey dominates steel structure, finishing at X units, which was near X% of total exports in 2023. The United Arab Emirates (X units) took the second position in the ranking, followed by Iran (X units) and Tunisia (X units). All these countries together held near X% share of total exports. Lebanon (X units) and Morocco (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, Morocco (X%), Iran (X%), the United Arab Emirates (X%), Tunisia (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. While the share of Iran (X p.p.) and Morocco (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest containers for compressed or liquefied gas, of iron or steel supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In Turkey, exports of containers for compressed or liquefied gas, of iron or steel 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 Tunisia (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Imports of Containers for compressed or liquefied gas, of iron or steel

Imports in MENA

In 2023, overseas purchases of containers for compressed or liquefied gas, of iron or steel were finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel expanded notably to $X in 2023. Over the period under review, imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X units) and Turkey (X units) represented the major importers of containers for compressed or liquefied gas, of iron or steel in MENA, together creating X% of total imports. Iraq (X units) took the next position in the ranking, followed by Yemen (X units), Egypt (X units), Israel (X units) and Kuwait (X units). All these countries together held approx. X% share of total imports. Algeria (X units), Qatar (X units), Iran (X units), Jordan (X units), Oman (X units) and Morocco (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Iraq, Israel, Qatar, Yemen, Algeria, Morocco, Kuwait, Iran, Jordan and Oman lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Yemen ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform