MENA: Activated Carbon Market 2024

Activated Carbon Market Size in MENA

The MENA's activated carbon market expanded modestly to $X in 2022, picking up by 2.6% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Activated Carbon Production in MENA

In value terms, activated carbon production expanded significantly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 27% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Activated Carbon Exports

Exports in MENA

In 2022, activated carbon exports in MENA skyrocketed to X tons, with an increase of 68% on 2021. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by 138%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, activated carbon exports soared to $X in 2022. In general, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) was the key exporter of activated carbon, generating 45% of total exports. It was distantly followed by the United Arab Emirates (X tons), Morocco (X tons) and Oman (X tons), together constituting a 51% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +128.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest activated carbon supplier in MENA, comprising 61% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Oman, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +16.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+31.4% per year) and Oman (+48.3% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, surging by 12% against the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2015 an increase of 55%. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+8.8%), while the other leaders experienced a decline in the export price figures.

Activated Carbon Imports

Imports in MENA

In 2022, the amount of activated carbon imported in MENA fell to X tons, with a decrease of -9.8% on the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, activated carbon imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Turkey represented the major importing country with an import of about X tons, which recorded 45% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Israel (X tons), Egypt (X tons) and Qatar (X tons). All these countries together held approx. 35% share of total imports. Iran (X tons), Morocco (X tons), Oman (X tons), Jordan (X tons) and Tunisia (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the activated carbon imports, with a CAGR of +11.3% from 2012 to 2022. At the same time, Morocco (+11.3%), Oman (+10.5%), the United Arab Emirates (+9.8%), Egypt (+8.1%) and Israel (+6.5%) displayed positive paces of growth. By contrast, Tunisia (-2.0%), Jordan (-2.3%), Iran (-3.4%) and Qatar (-18.8%) illustrated a downward trend over the same period. Turkey (+30 p.p.), the United Arab Emirates (+7.4 p.p.), Israel (+5.5 p.p.), Egypt (+3.6 p.p.), Morocco (+2.3 p.p.) and Oman (+2 p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by -37.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported activated carbon in MENA, comprising 42% of total imports. The second position in the ranking was taken by Israel ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

In Turkey, activated carbon imports expanded at an average annual rate of +11.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+6.0% per year) and the United Arab Emirates (+8.9% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform