MENA: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in MENA

The MENA's limestone flux and limestone market shrank modestly to $X in 2022, reducing by -3.5% against the previous year. Overall, consumption recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 7.4%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Limestone Flux, Limestone And Calcareous Stone in MENA

In value terms, limestone flux and limestone production declined slightly to $X in 2022 estimated in export price. In general, production showed a deep downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 8.8%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports in MENA

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were exported in MENA; declining by -5.6% compared with 2021 figures. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 66% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, limestone flux and limestone exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United Arab Emirates dominates exports structure, recording X tons, which was near 90% of total exports in 2022. It was distantly followed by Oman (X tons), generating a 9.3% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the limestone flux, limestone and calcareous stone exports, with a CAGR of +12.2% from 2012 to 2022. At the same time, Oman (+5.5%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by +5.9 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest limestone flux and limestone supplier in MENA, comprising 81% of total exports. The second position in the ranking was held by Oman ($X), with a 15% share of total exports.

In the United Arab Emirates, limestone flux and limestone exports increased at an average annual rate of +9.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, falling by -7.9% against the previous year. Overall, the export price saw a slight curtailment. The pace of growth appeared the most rapid in 2021 when the export price increased by 20% against the previous year. Over the period under review, the export prices attained 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 Oman ($X per ton), while the United Arab Emirates 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 (-2.0%).

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports in MENA

In 2022, supplies from abroad of limestone flux, limestone and calcareous stone was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 47% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, limestone flux and limestone imports soared to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kuwait represented the key importing country with an import of about X tons, which recorded 77% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Bahrain (X tons). All these countries together held near 19% share of total imports. Qatar (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to limestone flux and limestone imports into Kuwait stood at -5.2%. At the same time, the United Arab Emirates (+12.4%) and Bahrain (+4.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +12.4% from 2012-2022. By contrast, Qatar (-7.4%) illustrated a downward trend over the same period. The United Arab Emirates (+9.2 p.p.) and Bahrain (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Kuwait saw its share reduced by -1.6% and -12.3% from 2012 to 2022, respectively.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2022, together comprising 94% of total imports.

The United Arab Emirates, with a CAGR of +15.8%, saw 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 2022, the import price in MENA amounted to $X per ton, surging by 6.1% against the previous year. Over the period under review, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of 38%. The level of import peaked 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 Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform