MENA: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in MENA

The MENA's market for ready-mixed concrete and factory made mortars was estimated at $X in 2023, surging by X% against the previous year. The total consumption indicated a temperate increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. 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 Ready-Mixed Concrete And Factory Made Mortars in MENA

In value terms, production of ready-mixed concrete and factory made mortars stood at $X in 2023 estimated in export price. The total production indicated moderate 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in MENA

In 2023, overseas shipments of ready-mixed concrete and factory made mortars were finally on the rise to reach X tons for the first time since 2018, thus ending a four-year declining trend. Overall, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars rose remarkably to $X in 2023. Over the period under review, exports recorded a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) prevails in mortars structure, together mixing up X% of total exports. The following exporters - Jordan (X tons) and Saudi Arabia (X tons) - each amounted to a X% share of total exports.

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

In value terms, the largest ready-mixed concrete and factory made mortar supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Jordan ($X), with a combined X% share of total exports.

Among the main exporting countries, Jordan, with a CAGR of X%, saw 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 MENA amounted to $X per ton, falling by X% against the previous year. Export price indicated a mild increase 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. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

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 Jordan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in MENA

For the third year in a row, MENA recorded decline in purchases abroad of ready-mixed concrete and factory made mortars, which decreased by X% to X tons in 2023. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, imports of ready-mixed concrete and factory made mortars reduced to $X in 2023. The total import 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 in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of ready-mixed concrete and factory made mortars, namely Kuwait, Algeria and Libya, represented more than half of total import. Israel (X tons) ranks next in terms of the total imports with a X% share, followed by Iraq (X%) and Oman (X%). The following importers - Lebanon (X tons), the United Arab Emirates (X tons), Morocco (X tons), Qatar (X tons), Jordan (X tons), Yemen (X tons) and Turkey (X tons) - together made up X% of total imports.

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

In value terms, Kuwait ($X) constitutes the largest market for imported ready-mixed concrete and factory made mortars in MENA, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports. It was followed by Libya, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Kuwait totaled X%. In the other countries, the average annual rates were as follows: Algeria (X% per year) and Libya (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform