Middle East: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in the Middle East

The Middle Eastern market for plastic hoses and hose fittings reduced modestly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, saw a noticeable reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Plastic Hoses and Hose Fittings in the Middle East

In value terms, plastic hose and hose fitting production fell sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in shipments abroad of plastic hoses and hose fittings, when their volume decreased by X% to X tons. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey represented the main exporter of plastic hoses and hose fittings in the Middle East, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%), Israel (X%) and Jordan (X%). Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for X% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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 2022, 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 Plastic Hoses and Hose Fittings

Imports in the Middle East

In 2022, supplies from abroad of plastic hoses and hose fittings decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, plastic hose and hose fitting imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Iraq was the largest importing country with an import of around X tons, which amounted to X% of total imports. Turkey (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%) and the United Arab Emirates (X%). Israel (X tons), Kuwait (X tons), Yemen (X tons), Oman (X tons), Syrian Arab Republic (X tons), Lebanon (X tons), Iran (X tons), Qatar (X tons) and Jordan (X tons) held a minor share of total imports.

Iraq experienced a relatively flat trend pattern with regard to volume of imports of plastic hoses and hose fittings. At the same time, Syrian Arab Republic (X%), Turkey (X%) and Israel (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 2012-2022. Oman, Saudi Arabia and Kuwait experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%), Lebanon (X%), Yemen (X%), Jordan (X%), Iran (X%) and Qatar (X%) illustrated a downward trend over the same period. Iraq (X p.p.), Turkey (X p.p.), Saudi Arabia (X p.p.) and Syrian Arab Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Iran and Qatar saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported plastic hoses and hose fittings in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iraq ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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