MENA: Propellant Powders Market 2024

Propellant Powders Market Size in MENA

In 2021, the MENA's propellant powders market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a mild setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Propellant Powders Production in MENA

In value terms, propellant powders production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 21%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Propellant Powders Exports

Exports in MENA

In 2021, approx. X tons of propellant powders were exported in MENA; surging by 114% compared with the year before. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 131% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, propellant powders exports skyrocketed to $X in 2021. Overall, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 97% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Kuwait (X tons) represented the main exporter of propellant powders, making up 51% of total exports. Iran (X tons) ranks second in terms of the total exports with a 30% share, followed by Turkey (16%). The following exporters - Egypt (X tons) and Israel (X tons) - each amounted to a 3% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Egypt (with a CAGR of +19.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest propellant powders supplier in MENA, comprising 59% of total exports. The second position in the ranking was held by Iran ($X), with a 29% share of total exports. It was followed by Israel, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled -2.0%. In the other countries, the average annual rates were as follows: Iran (+11.8% per year) and Israel (-23.8% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, shrinking by -11.2% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 110% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+15.5%), while the other leaders experienced more modest paces of growth.

Propellant Powders Imports

Imports in MENA

Propellant powders imports soared to X tons in 2021, surging by 29% compared with the year before. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 87%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, propellant powders imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 90% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Algeria was the largest importing country with an import of about X tons, which resulted at 61% of total imports. Israel (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (16%).

Algeria was also the fastest-growing in terms of the propellant powders imports, with a CAGR of +62.8% from 2012 to 2021. At the same time, Israel (+4.9%) and Turkey (+2.6%) displayed positive paces of growth. From 2012 to 2021, the share of Algeria increased by +59 percentage points.

In value terms, Turkey ($X), Israel ($X) and Algeria ($X) were the countries with the highest levels of imports in 2021, with a combined 89% share of total imports.

In terms of the main importing countries, Algeria, with a CAGR of +50.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 when the import price increased by 1.8% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform