Middle East: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in the Middle East

For the third consecutive year, the Middle Eastern market for other plastic tubes, pipes and hoses recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption saw a strong increase. The level of consumption peaked in 2023 and is likely to see steady growth in years to come.

Production of Other Plastic Tubes, Pipes and Hoses in the Middle East

In value terms, production of other plastic tubes, pipes and hoses totaled $X in 2023 estimated in export price. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production of hit record highs in 2023 and is likely to continue growth in the near future.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports in the Middle East

In 2023, the amount of other plastic tubes, pipes and hoses exported in the Middle East rose significantly to X tons, surging by X% against 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of other plastic tubes, pipes and hoses rose modestly to $X in 2023. The total export 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

In 2023, Turkey (X tons) represented the major exporter of other plastic tubes, pipes and hoses, mixing up X% of total exports. It was distantly followed by Israel (X tons), Iran (X tons) and the United Arab Emirates (X tons), together committing a X% share of total exports. Saudi Arabia (X tons) held a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Iran (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Iran (X p.p.), Israel (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest other plastic tubes, pipes and hoses supplying countries in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), together comprising X% of total exports. Iran and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Iran, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, dropping 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 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined 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 Israel ($X per ton), while Iran ($X per ton) 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.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports in the Middle East

In 2023, after two years of decline, there was significant growth in purchases abroad of other plastic tubes, pipes and hoses, when their volume increased by X% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, imports of other plastic tubes, pipes and hoses fell slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted modestly in the following year.

Imports by Country

In 2023, Iraq (X tons) was the major importer of other plastic tubes, pipes and hoses, constituting X% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Turkey (X tons), Saudi Arabia (X tons) and Israel (X tons). All these countries together took near X% share of total imports. Jordan (X tons), Lebanon (X tons), Yemen (X tons), Iran (X tons), Kuwait (X tons), Syrian Arab Republic (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to other plastic tubes, pipes and hoses imports into Iraq stood at X%. At the same time, Syrian Arab Republic (X%), Israel (X%), Oman (X%), Kuwait (X%), the United Arab Emirates (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Turkey (X%), Yemen (X%), Jordan (X%), Saudi Arabia (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Iraq, Israel, the United Arab Emirates and Syrian Arab Republic increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest other plastic tubes, pipes and hoses importing markets in the Middle East were Turkey ($X), Iraq ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Israel, Saudi Arabia, Jordan, Iran, Yemen, Kuwait, Lebanon, Oman and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, recorded 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

The import price in the Middle East stood at $X per ton in 2023, falling by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2023: its price 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, import price for other plastic tubes, pipes and hoses increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, 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 ($X per ton), while Syrian Arab Republic ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform