Middle East - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMiddle East: Market for Hot-Rolled Bars Of High Speed Steel 2024
Market Size for Hot-Rolled Bars Of High Speed Steel in the Middle East
In 2023, the Middle Eastern market for hot-rolled bars of high speed steel decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a deep contraction. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.
Production of Hot-Rolled Bars Of High Speed Steel in the Middle East
In value terms, hot-rolled high speed steel bar production dropped sharply to $X in 2023 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.
Exports of Hot-Rolled Bars Of High Speed Steel
Exports in the Middle East
In 2023, hot-rolled high speed steel bar exports in the Middle East skyrocketed to X tons, rising by X% against 2022 figures. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
In value terms, hot-rolled high speed steel bar exports soared to $X in 2023. Over the period under review, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
The United Arab Emirates represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Turkey (X tons), mixing up a X% share of total exports.
From 2012 to 2023, average annual rates of growth with regard to hot-rolled high speed steel bar exports from the United Arab Emirates stood at X%. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Turkey increased by X percentage points.
In value terms, Turkey ($X) emerged as the largest hot-rolled high speed steel bar 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.
From 2012 to 2023, the average annual rate of growth in terms of value in Turkey amounted to X%.
Export Prices by Country
The export price in the Middle East stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).
Imports of Hot-Rolled Bars Of High Speed Steel
Imports in the Middle East
In 2023, approx. X tons of hot-rolled bars of high speed steel were imported in the Middle East; rising by X% on the previous year. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.
In value terms, hot-rolled high speed steel bar imports soared to $X in 2023. Over the period under review, imports, however, showed a mild curtailment. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.
Imports by Country
Turkey represented the main importer of hot-rolled bars of high speed steel in the Middle East, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Qatar (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%). The following importers - Israel (X tons), Lebanon (X tons) and Kuwait (X tons) - each amounted to a X% share of total imports.
Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Lebanon (X%), Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%) and Israel (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Qatar, Oman, Lebanon and Kuwait increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Turkey ($X) constitutes the largest market for imported hot-rolled bars of high speed steel in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.
In Turkey, hot-rolled high speed steel bar 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: Israel (X% per year) and Qatar (X% per year).
Import Prices by Country
In 2023, the import price in the Middle East amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell in the following year.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while Lebanon ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106610 - Hot-rolled bars of high speed steel
Country coverage:
- Bahrain
- Iran
- Iraq
- Israel
- Jordan
- Kuwait
- Lebanon
- Oman
- Palestine
- Qatar
- Saudi Arabia
- Syrian Arab Republic
- Turkey
- United Arab Emirates
- Yemen
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in the Middle East, split by region and country
- Trade (exports and imports) in the Middle East
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bahrain
- Iran
- Iraq
- Israel
- Jordan
- Kuwait
- Lebanon
- Oman
- Palestine
- Qatar
- Saudi Arabia
- Syrian Arab Republic
- Turkey
- United Arab Emirates
- Yemen
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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