GCC: Ferro-Alloys Market 2025

Ferro-Alloys Market Size in GCC

The GCC ferro-alloys market expanded sharply to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Ferro-Alloys Production in GCC

In value terms, ferro-alloys production fell significantly to $X in 2022 estimated in export price. In general, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Ferro-Alloys Exports

Exports in GCC

In 2022, shipments abroad of ferro-alloys decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, ferro-alloys exports declined dramatically to $X in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Oman (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together making up X% of total exports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest ferro-alloys supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with an X% share of total exports. It was followed by Bahrain, with a X% share.

In the United Arab Emirates, ferro-alloys exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, 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.

Ferro-Alloys Imports

Imports in GCC

In 2022, overseas purchases of ferro-alloys increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-alloys imports totaled $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Qatar (X tons), mixing up a X% share of total imports. Bahrain (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in GCC amounted to $X per ton, flattening at the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-alloys import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform