Middle East: Welded Netting Market 2024

Welded Netting Market Size in the Middle East

The Middle Eastern welded netting market rose remarkably to $X in 2023, picking up by X% against the previous year. The total consumption indicated resilient growth from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Welded Netting Production in the Middle East

In value terms, welded netting production rose sharply to $X in 2023 estimated in export price. Overall, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Welded Netting Exports

Exports in the Middle East

In 2023, after six years of growth, there was significant decline in overseas shipments of welded grill, netting and fencing, not classified in hs, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then declined markedly in the following year.

In value terms, welded netting exports declined dramatically to $X in 2023. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total exports. The following exporters - Saudi Arabia (X tons) and Oman (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to welded netting exports from Turkey stood at X%. At the same time, Oman (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, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest welded netting supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 a decline in the export price figures.

Welded Netting Imports

Imports in the Middle East

In 2023, overseas purchases of welded grill, netting and fencing, not classified in hs decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports continue to indicate a mild reduction. 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 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, welded netting imports declined to $X in 2023. Total imports indicated a perceptible expansion from 2012 to 2023: its value 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The United Arab Emirates (X tons), Iraq (X tons), Israel (X tons) and Kuwait (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Oman (X tons) and Turkey (X tons), together making up a X% share of total imports. Saudi Arabia (X tons) and Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest welded netting importing markets in the Middle East were the United Arab Emirates ($X), Iraq ($X) and Israel ($X), together comprising X% of total imports. Kuwait, Yemen, Turkey, Oman and Saudi Arabia 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, reducing by X% against the previous year. Import price indicated noticeable growth from 2012 to 2023: its price 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, welded netting import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import 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 importing countries. In 2023, amid the top importers, the country with the highest price was Yemen ($X per ton), while Kuwait ($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