GCC: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in GCC

In 2021, the GCC gypsum and anhydrite market decreased by -14.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate a significant expansion. The level of consumption peaked at $X in 2020, and then declined in the following year.

Gypsum And Anhydrite Production in GCC

In value terms, gypsum and anhydrite production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 195% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Gypsum And Anhydrite Exports

Exports in GCC

In 2021, shipments abroad of gypsum and anhydrite increased by 31% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 143% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, gypsum and anhydrite exports contracted notably to $X in 2021. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 128%. The level of export peaked at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

Oman was the largest exporting country with an export of around X tons, which amounted to 77% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a 22% share of total exports.

Exports from Oman increased at an average annual rate of +16.6% from 2012 to 2021. At the same time, the United Arab Emirates (+61.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in GCC, with a CAGR of +61.7% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates increased by +21 percentage points.

In value terms, Oman ($X) remains the largest gypsum and anhydrite supplier in GCC, comprising 79% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports.

In Oman, gypsum and anhydrite exports increased at an average annual rate of +13.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, declining by -41% against the previous year. In general, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2015 an increase of 38% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Oman ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (-2.5%).

Gypsum And Anhydrite Imports

Imports in GCC

In 2021, approx. X tons of gypsum and anhydrite were imported in GCC; which is down by -31.6% against the previous year. Over the period under review, imports showed a mild decrease. The most prominent rate of growth was recorded in 2015 with an increase of 82%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, gypsum and anhydrite imports declined markedly to $X in 2021. In general, imports faced a deep contraction. The growth pace was the most rapid in 2014 with an increase of 45% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importer of gypsum and anhydrite in GCC, with the volume of imports recording X tons, which was approx. 56% of total imports in 2021. Qatar (X tons) held the second position in the ranking, distantly followed by Kuwait (X tons). All these countries together took near 39% share of total imports. Bahrain (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of +15.0%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest gypsum and anhydrite importing markets in GCC were the United Arab Emirates ($X), Qatar ($X) and Bahrain ($X), with a combined 84% share of total imports.

Qatar, with a CAGR of +0.2%, 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

The import price in GCC stood at $X per ton in 2021, with a decrease of -22.3% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 5.8%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform