Middle East's Stainless Steel Angle Market to Witness Moderate Growth with CAGR of +1.7% from 2024 to 2035 - News and Statistics - IndexBox

Jun 07, 2025

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IndexBox has just published a new report: Middle East - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights.

The Middle East stainless steel angle market is expected to experience growth in both volume and value over the next decade. With a projected CAGR of +1.7% in volume, the market is estimated to reach 290K tons by 2035. At the same time, the market value is forecasted to increase with a CAGR of +1.9%, reaching $668M by the end of 2035.

Driven by rising demand for stainless steel angle in the Middle East, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market volume to 290K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.9% for the period from 2024 to 2035, which is projected to bring the market value to $668M (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 242K tons of angles, shapes and sections of stainless steel or other alloy steel were consumed in the Middle East; approximately reflecting the previous year's figure. Overall, consumption showed a perceptible decline. The volume of consumption peaked at 506K tons in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

The size of the stainless steel angle market in the Middle East fell markedly to $541M in 2024, which is down by -17.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted moderate growth. Over the period under review, the market reached the maximum level at $657M in 2023, and then fell rapidly in the following year.

The countries with the highest volumes of consumption in 2024 were Iran (79K tons), Saudi Arabia (58K tons) and Syrian Arab Republic (23K tons), with a combined 66% share of total consumption. Lebanon, Israel, Jordan and the United Arab Emirates lagged somewhat behind, together accounting for a further 25%.

From 2013 to 2024, the biggest increases were recorded for Lebanon (with a CAGR of +18.5%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Iran ($175M), Saudi Arabia ($128M) and Syrian Arab Republic ($55M) were the countries with the highest levels of market value in 2024, with a combined 66% share of the total market. Lebanon, Israel, Jordan and the United Arab Emirates lagged somewhat behind, together comprising a further 25%.

Among the main consuming countries, Lebanon, with a CAGR of +30.3%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other leaders experienced more modest paces of growth.

In 2024, the highest levels of stainless steel angle per capita consumption was registered in Lebanon (3.5 kg per person), followed by Israel (1.6 kg per person), Saudi Arabia (1.6 kg per person) and Jordan (1.2 kg per person), while the world average per capita consumption of stainless steel angle was estimated at 0.7 kg per person.

In Lebanon, stainless steel angle per capita consumption expanded at an average annual rate of +17.5% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Israel (-1.0% per year) and Saudi Arabia (+2.7% per year).

In 2024, stainless steel angle production in the Middle East expanded modestly to 229K tons, surging by 3% on 2023 figures. The total production indicated a buoyant expansion from 2013 to 2024: its volume increased at an average annual rate of +5.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by +0.5% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. The volume of production peaked in 2024 and is expected to retain growth in years to come.

In value terms, stainless steel angle production reduced notably to $253M in 2024 estimated in export price. Overall, production saw a measured expansion. The growth pace was the most rapid in 2014 when the production volume increased by 68%. Over the period under review, production reached the maximum level at $561M in 2021; however, from 2022 to 2024, production remained at a lower figure.

The countries with the highest volumes of production in 2024 were Iran (79K tons), Saudi Arabia (58K tons) and Turkey (25K tons), together accounting for 71% of total production.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +8.7%), while production for the other leaders experienced more modest paces of growth.

In 2024, supplies from abroad of angles, shapes and sections of stainless steel or other alloy steel was finally on the rise to reach 42K tons after three years of decline. Over the period under review, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 30%. Over the period under review, imports attained the peak figure at 363K tons in 2015; however, from 2016 to 2024, imports remained at a lower figure.

In value terms, stainless steel angle imports rose sharply to $77M in 2024. In general, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. The level of import peaked at $218M in 2014; however, from 2015 to 2024, imports stood at a somewhat lower figure.

Lebanon was the largest importing country with an import of around 23K tons, which recorded 54% of total imports. It was distantly followed by Kuwait (7.5K tons), Turkey (5.1K tons) and the United Arab Emirates (2K tons), together comprising a 35% share of total imports. Qatar (1.6K tons), Israel (0.8K tons) and Oman (0.7K tons) held a little share of total imports.

Lebanon was also the fastest-growing in terms of the angles, shapes and sections of stainless steel or other alloy steel imports, with a CAGR of +18.4% from 2013 to 2024. At the same time, Israel (+6.4%) and Turkey (+4.9%) displayed positive paces of growth. By contrast, Qatar (-10.0%), Kuwait (-11.7%), Oman (-16.6%) and the United Arab Emirates (-33.0%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Lebanon, Turkey, Kuwait, Qatar and Israel increased by +53, +11, +7.6, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lebanon ($20M), Kuwait ($17M) and Turkey ($11M) constituted the countries with the highest levels of imports in 2024, together accounting for 63% of total imports.

In terms of the main importing countries, Lebanon, with a CAGR of +20.9%, 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.

Steel, alloy; angles, shapes and sections represented the major imported product with an import of around 37K tons, which finished at 87% of total imports. It was distantly followed by steel, stainless (5.5K tons), creating a 13% share of total imports.

Imports of steel, alloy; angles, shapes and sections decreased at an average annual rate of -16.7% from 2013 to 2024. steel, stainless (-8.9%) illustrated a downward trend over the same period. Steel, stainless (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while steel, alloy; angles, shapes and sections saw its share reduced by -7.6% from 2013 to 2024, respectively.

In value terms, steel, alloy; angles, shapes and sections ($45M) and steel, stainless ($33M) appeared to be the products with the highest levels of imports in 2024.

Among the main imported products, steel, stainless, with a CAGR of -0.2%, recorded the highest growth rate of the value of imports, over the period under review.

The import price in the Middle East stood at $1,824 per ton in 2024, increasing by 8.1% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2022 an increase of 57% against the previous year. Over the period under review, import prices reached the maximum in 2024 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was steel, stainless ($6,000 per ton), while the price for steel, alloy; angles, shapes and sections amounted to $1,206 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by steel, stainless; angles, shapes and sections (+9.5%).

In 2024, the import price in the Middle East amounted to $1,824 per ton, with an increase of 8.1% against the previous year. In general, the import price saw a strong increase. The pace of growth appeared the most rapid in 2022 when the import price increased by 57% against the previous year. The level of import peaked in 2024 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($5,294 per ton), while Lebanon ($876 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.2%), while the other leaders experienced more modest paces of growth.

In 2024, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel increased by 72% to 30K tons for the first time since 2021, thus ending a two-year declining trend. Overall, exports continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2014 when exports increased by 79%. The volume of export peaked at 51K tons in 2021; however, from 2022 to 2024, the exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports surged to $42M in 2024. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 77%. As a result, the exports attained the peak of $63M. From 2022 to 2024, the growth of the exports remained at a lower figure.

Turkey prevails in exports structure, accounting for 25K tons, which was approx. 85% of total exports in 2024. It was distantly followed by the United Arab Emirates (2.6K tons), committing an 8.7% share of total exports. The following exporters - Saudi Arabia (735 tons) and Kuwait (582 tons) - each recorded a 4.4% share of total exports.

Turkey was also the fastest-growing in terms of the angles, shapes and sections of stainless steel or other alloy steel exports, with a CAGR of +14.9% from 2013 to 2024. At the same time, Kuwait (+3.1%) displayed positive paces of growth. By contrast, the United Arab Emirates (-6.6%) and Saudi Arabia (-18.9%) illustrated a downward trend over the same period. Turkey (+57 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Saudi Arabia saw its share reduced by -18.9% and -35.1% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($35M) remains the largest stainless steel angle supplier in the Middle East, comprising 83% of total exports. The second position in the ranking was held by the United Arab Emirates ($4.3M), with a 10% share of total exports. It was followed by Kuwait, with a 2.8% share.

From 2013 to 2024, the average annual rate of growth in terms of value in Turkey amounted to +10.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-2.2% per year) and Kuwait (+9.6% per year).

Steel, alloy; angles, shapes and sections was the largest exported product with an export of around 23K tons, which resulted at 78% of total exports. It was distantly followed by steel, stainless (6.6K tons), achieving a 22% share of total exports.

Steel, alloy; angles, shapes and sections was also the fastest-growing in terms of exports, with a CAGR of +10.0% from 2013 to 2024. steel, stainless (-5.5%) illustrated a downward trend over the same period. While the share of steel, alloy; angles, shapes and sections (+38 p.p.) increased significantly in terms of the total exports from 2013-2024, the share of steel, stainless (-37.9 p.p.) displayed negative dynamics.

In value terms, steel, stainless ($23M) and steel, alloy; angles, shapes and sections ($19M) appeared to be the products with the highest levels of exports in 2024.

In terms of the main exported products, steel, alloy; angles, shapes and sections, with a CAGR of +7.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

The export price in the Middle East stood at $1,424 per ton in 2024, which is down by -2.8% against the previous year. Export price indicated a modest increase from 2013 to 2024: its price increased at an average annual rate of +1.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, stainless steel angle export price decreased by -8.1% against 2022 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 36%. Over the period under review, the export prices attained the maximum at $1,549 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exported products. In 2024, the product with the highest price was steel, stainless ($3,538 per ton), while the average price for exports of steel, alloy; angles, shapes and sections totaled $824 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by steel, stainless; angles, shapes and sections (+10.1%).

In 2024, the export price in the Middle East amounted to $1,424 per ton, dropping by -2.8% against the previous year. Export price indicated a modest expansion from 2013 to 2024: its price increased at an average annual rate of +1.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, stainless steel angle export price decreased by -8.1% against 2022 indices. The growth pace was the most rapid in 2015 an increase of 36% against the previous year. Over the period under review, the export prices attained the maximum at $1,549 per ton in 2022; however, from 2023 to 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Kuwait ($2,057 per ton), while Saudi Arabia ($1,004 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Kuwait (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stainless steel angle market in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

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