MENA: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in MENA

The MENA's metal anchors and grapnels market reduced modestly to $X in 2023, which is down by X% against the previous year. Overall, consumption, however, continues to indicate temperate growth. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Anchors, Grapnels in MENA

In value terms, metal anchors and grapnels production dropped slightly to $X in 2023 estimated in export price. In general, production, however, showed temperate growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports in MENA

In 2023, overseas shipments of iron or steel anchors, grapnels were finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X units in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal anchors and grapnels exports soared to $X in 2023. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Turkey was the largest exporter of iron or steel anchors, grapnels in MENA, with the volume of exports amounting to X units, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), achieving a X% share of total exports. The following exporters - Tunisia (X units) and Kuwait (X units) - each reached a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Turkey (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal anchors and grapnels supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

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

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, waning by X% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Anchors, Grapnels

Imports in MENA

In 2023, the amount of iron or steel anchors, grapnels imported in MENA skyrocketed to X units, picking up by X% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, metal anchors and grapnels imports soared to $X in 2023. Overall, imports, however, recorded a noticeable slump. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X units, which recorded X% of total imports. Turkey (X units) took the second position in the ranking, distantly followed by Morocco (X units) and Qatar (X units). All these countries together held near X% share of total imports. Oman (X units), Egypt (X units), Iran (X units), Bahrain (X units), Lebanon (X units), Tunisia (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to metal anchors and grapnels imports into the United Arab Emirates stood at X%. At the same time, Morocco (X%), Tunisia (X%), Egypt (X%), Lebanon (X%), Turkey (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Bahrain experienced a relatively flat trend pattern. By contrast, Oman (X%), Iran (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, the United Arab Emirates, Morocco, Egypt and Tunisia increased by X, 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 metal anchors and grapnels importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Egypt ($X), together comprising X% of total imports. Qatar, Morocco, Iran, Oman, Kuwait, Tunisia, Bahrain and Lebanon lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Morocco, with a CAGR of X%, saw the highest growth rate of 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

The import price in MENA stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform