GCC: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in GCC

In 2022, the GCC non-refractory clay constructional products market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Non-Refractory Clay Constructional Products in GCC

In value terms, non-refractory clay constructional products production reduced modestly to $X in 2022 estimated in export price. Overall, production showed a mild contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Refractory Clay Constructional Products

Exports in GCC

After two years of growth, shipments abroad of non-refractory clay constructional products decreased by -65.5% to X tons in 2022. Overall, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 497%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-refractory clay constructional products exports reduced notably to $X in 2022. Over the period under review, exports, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2013 with an increase of 344% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) represented roughly 98% of total exports in 2022.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of non-refractory clay constructional products. From 2012 to 2022, the share of the United Arab Emirates increased by +26 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest non-refractory clay constructional products supplier in GCC.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +6.8%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by 78% against the previous year. Overall, the export price recorded buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, 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 +7.3% per year.

Imports of Non-Refractory Clay Constructional Products

Imports in GCC

In 2022, overseas purchases of non-refractory clay constructional products increased by 85% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 87%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-refractory clay constructional products imports skyrocketed to $X in 2022. Overall, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2014 when imports increased by 117% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the major importer of non-refractory clay constructional products in GCC, with the volume of imports recording X tons, which was near 57% of total imports in 2022. Bahrain (X tons) ranks second in terms of the total imports with a 32% share, followed by Oman (5.9%). The following importers - Qatar (X tons) and Kuwait (X tons) - together made up 4.4% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-refractory clay constructional products in GCC, comprising 76% of total imports. The second position in the ranking was held by Oman ($X), with a 7.9% share of total imports. It was followed by Qatar, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +1.1%. In the other countries, the average annual rates were as follows: Oman (-12.9% per year) and Qatar (-9.7% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by 8.2% against the previous year. In general, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2018 when the import price increased by 111% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Bahrain ($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 (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform