GCC: Agglomerated Powder Rod Market 2025

Agglomerated Powder Rod Market Size in GCC

In 2021, the GCC agglomerated powder rod market decreased by -31.5% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Agglomerated Powder Rod Production in GCC

In value terms, agglomerated powder rod production contracted modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 3,095% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Agglomerated Powder Rod Exports

Exports in GCC

In 2021, shipments abroad of base metal wire and rods of agglomerated base powder increased by 60% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, agglomerated powder rod exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 154% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the major exporter of base metal wire and rods of agglomerated base powder in GCC, with the volume of exports reaching X tons, which was near 85% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons), committing a 14% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the base metal wire and rods of agglomerated base powder exports, with a CAGR of -6.0% from 2012 to 2021. Saudi Arabia (-15.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+17 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-15.1 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest agglomerated powder rod supplier in GCC, comprising 92% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.3% share of total exports.

In the United Arab Emirates, agglomerated powder rod exports decreased by an average annual rate of -3.6% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, falling by -7.6% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agglomerated powder rod export price decreased by -28.4% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 83%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.6%).

Agglomerated Powder Rod Imports

Imports in GCC

In 2021, the amount of base metal wire and rods of agglomerated base powder imported in GCC reduced notably to X tons, falling by -36.3% compared with 2020 figures. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2018 with an increase of 160% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, agglomerated powder rod imports dropped dramatically to $X in 2021. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 199% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia was the largest importing country with an import of about X tons, which accounted for 66% of total imports. Oman (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (12%). Bahrain (X tons), Kuwait (X tons) and Qatar (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to agglomerated powder rod imports into Saudi Arabia stood at -10.3%. Bahrain (-6.5%), Oman (-7.8%), Kuwait (-12.2%), Qatar (-18.4%) and the United Arab Emirates (-23.9%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+19 p.p.), Oman (+6.5 p.p.) and Bahrain (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-26.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agglomerated powder rod importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together comprising 93% of total imports. Kuwait, Bahrain and Qatar lagged somewhat behind, together accounting for a further 7.1%.

Bahrain, with a CAGR of -4.8%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, surging by 24% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agglomerated powder rod import price increased by +21.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 31%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform