Middle East: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in the Middle East

The Middle Eastern market for plastics pipes and pipe fittings expanded rapidly to $X in 2023, with an increase of X% against the previous year. In general, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in the Middle East

In value terms, plastics pipe and pipe fitting production expanded markedly to $X in 2023 estimated in export price. Overall, production saw a resilient increase. The pace of growth was the most pronounced 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 remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports in the Middle East

In 2023, the amount of plastics pipes and pipe fittings exported in the Middle East surged to X tons, jumping by X% against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting exports totaled $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was near X% of total exports in 2023. Bahrain (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Iran (X tons). All these countries together took near X% share of total exports. The following exporters - Saudi Arabia (X tons), Oman (X tons) and Israel (X tons) - each resulted at a X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of plastics pipes and pipe fittings. At the same time, Oman (X%), Bahrain (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Israel (X%) and Iran (X%) illustrated a downward trend over the same period. Bahrain (X p.p.), Oman (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and Iran saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastics pipe and pipe fitting supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($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 was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (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 ton in 2023, reducing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced 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 the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports in the Middle East

Plastics pipe and pipe fitting imports skyrocketed to X tons in 2023, increasing by X% on 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, plastics pipe and pipe fitting imports amounted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Iraq was the key importer of plastics pipes and pipe fittings in the Middle East, with the volume of imports recording X tons, which was near X% of total imports in 2023. Saudi Arabia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Turkey (X%). The following importers - Kuwait (X tons), Israel (X tons), Oman (X tons), Yemen (X tons), Qatar (X tons), Syrian Arab Republic (X tons), Jordan (X tons), Lebanon (X tons) and Bahrain (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastics pipe and pipe fitting imports into Iraq stood at X%. At the same time, Syrian Arab Republic (X%), Turkey (X%), Bahrain (X%), Yemen (X%), Jordan (X%), Israel (X%) and the United Arab Emirates (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. Oman, Kuwait and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Lebanon (X%) and Qatar (X%) illustrated a downward trend over the same period. Iraq (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Lebanon, Saudi Arabia and Qatar saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastics pipe and pipe fitting importing markets in the Middle East were Iraq ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Saudi Arabia, Israel, Kuwait, Yemen, Qatar, Oman, Jordan, Bahrain, Lebanon and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Yemen, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 the Middle East amounted to $X per ton, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced 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 Yemen (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform