GCC: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in GCC

The GCC gypsum, anhydrite and limestone market amounted to $X in 2021, surging by 11% against the previous year. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.2% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Gypsum, Anhydrite And Limestone in GCC

In value terms, gypsum, anhydrite and limestone production soared to $X in 2021 estimated in export price. Over the period under review, production saw a resilient increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 51% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Gypsum, Anhydrite And Limestone

Exports in GCC

In 2021, the amount of gypsum, anhydrite and limestone exported in GCC soared to X tons, picking up by 15% on the year before. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 55%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, gypsum, anhydrite and limestone exports skyrocketed to $X in 2021. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 40%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, the United Arab Emirates (X tons) was the major exporter of gypsum, anhydrite and limestone, comprising 75% of total exports. It was distantly followed by Oman (X tons), mixing up a 25% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the gypsum, anhydrite and limestone exports, with a CAGR of +15.1% from 2012 to 2021. At the same time, Oman (+11.4%) displayed positive paces of growth. The United Arab Emirates (+6.3 p.p.) significantly strengthened its position in terms of the total exports, while Oman saw its share reduced by -5.6% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest gypsum, anhydrite and limestone supplier in GCC, comprising 70% of total exports. The second position in the ranking was taken by Oman ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +14.1%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates 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 (-1.0%).

Imports of Gypsum, Anhydrite And Limestone

Imports in GCC

In 2021, overseas purchases of gypsum, anhydrite and limestone decreased by -19.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a perceptible reduction. The growth pace was the most rapid in 2014 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, gypsum, anhydrite and limestone imports shrank markedly to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.6% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 36%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons) and Kuwait (X tons) represented roughly 77% of total imports in 2021. It was distantly followed by Oman (X tons), Qatar (X tons) and Bahrain (X tons), together achieving a 23% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +51.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Qatar ($X) were the countries with the highest levels of imports in 2021, together comprising 93% of total imports. Oman and Bahrain lagged somewhat behind, together accounting for a further 6.5%.

Oman, with a CAGR of +13.1%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, which is down by -11.7% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gypsum, anhydrite and limestone import price increased by +75.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by 99%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+12.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform