Middle East: Barbed Wire Market 2024

Barbed Wire Market Size in the Middle East

The Middle Eastern barbed wire market rose slightly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption showed perceptible 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.

Barbed Wire Production in the Middle East

In value terms, barbed wire production stood at $X in 2023 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Barbed Wire Exports

Exports in the Middle East

In 2023, after five years of growth, there was significant decline in overseas shipments of barbed wire and entanglements, when their volume decreased by X% to X tons. In general, exports, however, recorded a slight expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X tons in 2022, and then reduced in the following year.

In value terms, barbed wire exports dropped to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2022, and then reduced in the following year.

Exports by Country

In 2023, Turkey (X tons) represented the key exporter of barbed wire and entanglements, achieving X% of total exports. It was distantly followed by Saudi Arabia (X tons), mixing up a X% share of total exports. The United Arab Emirates (X tons), Iran (X tons) and Oman (X tons) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) and Saudi Arabia (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, Iran (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Saudi Arabia (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Iran and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) remains the largest barbed wire supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($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 growth rate of value in Turkey amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then declined 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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Barbed Wire Imports

Imports in the Middle East

In 2023, overseas purchases of barbed wire and entanglements decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, barbed wire imports fell dramatically to $X in 2023. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) and Iraq (X tons) represented the key importers of barbed wire and entanglements in the Middle East, together finishing at approx. X% of total imports. Israel (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%). Kuwait (X tons), Yemen (X tons), Jordan (X tons), Palestine (X tons), Turkey (X tons) and Lebanon (X tons) followed a long way behind the leaders.

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

In value terms, the largest barbed wire importing markets in the Middle East were the United Arab Emirates ($X), Iraq ($X) and Israel ($X), together comprising X% of total imports. Oman, Kuwait, Yemen, Palestine, Jordan, Turkey and Lebanon lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 the Middle East stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Lebanon ($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.

Source: IndexBox Platform