GCC: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2025

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in GCC

After two years of growth, the GCC magnesium hydroxide and peroxide market decreased by -88.4% to $X in 2022. Over the period under review, consumption, however, faced a abrupt contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in GCC

In value terms, magnesium hydroxide and peroxide production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of 822%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports in GCC

Magnesium hydroxide and peroxide exports rose remarkably to X tons in 2022, growing by 14% on the year before. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 827%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide exports expanded slightly to $X in 2022. Overall, exports enjoyed a slight expansion. The pace of growth was the most pronounced in 2015 with an increase of 876%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was approx. 98% of total exports in 2022. Oman (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to magnesium hydroxide and peroxide exports from the United Arab Emirates stood at +13.3%. At the same time, Oman (+33.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +33.4% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest magnesium hydroxide and peroxide supplier in GCC, comprising 100% of total exports. The second position in the ranking was held by Oman ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +1.8%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, falling by -7.8% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 22%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-10.1%).

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports in GCC

In 2022, overseas purchases of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were finally on the rise to reach X tons after two years of decline. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 454% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of 823% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the main importer of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in GCC, achieving 99% of total import.

The United Arab Emirates was also the fastest-growing in terms of the hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium imports, with a CAGR of +8.8% from 2012 to 2022. While the share of the United Arab Emirates (+56 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in GCC.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +5.8%.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by 5.9% against the previous year. In general, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 67%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -2.7% per year.

Source: IndexBox Platform