GCC: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in GCC

After two years of growth, the GCC graphite non-electrical articles market decreased by -43.3% to $X in 2021. In general, consumption, however, enjoyed a strong increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Graphite Non-Electrical Articles Production in GCC

In value terms, graphite non-electrical articles production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 144% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Graphite Non-Electrical Articles Exports

Exports in GCC

In 2021, overseas shipments of non-electrical articles of graphite or other carbon decreased by -37.8% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 88% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, graphite non-electrical articles exports contracted significantly to $X in 2021. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 409%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X tons, which recorded 75% of total exports. Oman (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (5.6%). Bahrain (X kg) took a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +5.9% from 2012 to 2021. At the same time, Kuwait (+36.1%), Oman (+16.8%) and Bahrain (+14.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +36.1% from 2012-2021. From 2012 to 2021, the share of Oman and Kuwait increased by +8.6 and +4.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest graphite non-electrical articles supplier in GCC, comprising 67% of total exports. The second position in the ranking was taken by Oman ($X), with an 11% share of total exports. It was followed by Bahrain, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +13.4%. In the other countries, the average annual rates were as follows: Oman (+8.9% per year) and Bahrain (+7.1% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, declining by -25.3% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2016 when the export price increased by 170% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($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 (+7.0%), while the other leaders experienced a decline in the export price figures.

Graphite Non-Electrical Articles Imports

Imports in GCC

After two years of growth, overseas purchases of non-electrical articles of graphite or other carbon decreased by -72% to X tons in 2021. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 114%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, graphite non-electrical articles imports dropped notably to $X in 2021. Over the period under review, imports saw a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the largest importer of non-electrical articles of graphite or other carbon, achieving 62% of total imports. It was distantly followed by Saudi Arabia (X tons), Bahrain (X tons) and Qatar (X tons), together creating a 31% share of total imports. Oman (X tons) and Kuwait (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to graphite non-electrical articles imports into the United Arab Emirates stood at -3.5%. At the same time, Oman (+11.7%) and Bahrain (+8.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.7% from 2012-2021. By contrast, Kuwait (-3.2%), Saudi Arabia (-3.4%) and Qatar (-19.2%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+8.8 p.p.), Bahrain (+4.8 p.p.), Oman (+3.4 p.p.) and Saudi Arabia (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Qatar (-20.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-electrical articles of graphite or other carbon in GCC, comprising 67% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an 11% share of total imports. It was followed by Qatar, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at -5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-2.3% per year) and Qatar (+2.3% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, jumping by 66% against the previous year. Overall, the import price continues to indicate a slight increase. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+26.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform