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Report for Middle East

The market was quite good and demand was stable at the start of this year but then, as the second quarter approached, demand began to decline. The market has become increasingly slow during the second quarter owing to the combination of a drop in demand, economic problems and ongoing conflict. The last of these has dramatically affected the entire region, creating many issues in terms of delayed shipments and slow payment.

The hope is that there will be an improvement in the third quarter and that the market will pick up and stabilize. If the conflict continues, the entire market is likely to face difficulties for the remainder of this year.