MENA: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in MENA

In 2021, the MENA's silicon dioxide market decreased by -4.7% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Silicon Dioxide Production in MENA

In value terms, silicon dioxide production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Silicon Dioxide Exports

Exports in MENA

In 2021, overseas shipments of silicon dioxide were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 58%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, silicon dioxide exports surged to $X in 2021. Total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X tons) was the largest exporter of silicon dioxide, making up 64% of total exports. Egypt (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together held approx. 35% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silicon dioxide exports from Turkey stood at +4.6%. At the same time, Egypt (+23.3%) and the United Arab Emirates (+9.6%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +23.3% from 2012-2021. While the share of Egypt (+16 p.p.) and the United Arab Emirates (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-10.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest silicon dioxide supplier in MENA, comprising 84% of total exports. The second position in the ranking was held by Egypt ($X), with a 10% share of total exports.

In Turkey, silicon dioxide exports increased at an average annual rate of +2.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (+19.6% per year) and the United Arab Emirates (-7.2% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, with an increase of 10% against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the United Arab Emirates ($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 (-2.4%), while the other leaders experienced a decline in the export price figures.

Silicon Dioxide Imports

Imports in MENA

In 2021, purchases abroad of silicon dioxide decreased by -34.3% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 111%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon dioxide imports shrank slightly to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the main importer of silicon dioxide in MENA, with the volume of imports resulting at X tons, which was approx. 43% of total imports in 2021. Turkey (X tons) ranks second in terms of the total imports with a 16% share, followed by the United Arab Emirates (14%), Qatar (9.6%) and Egypt (4.7%). Oman (X tons) and Morocco (X tons) took a relatively small share of total imports.

Saudi Arabia was also the fastest-growing in terms of the silicon dioxide imports, with a CAGR of +16.8% from 2012 to 2021. At the same time, Morocco (+15.9%), Egypt (+4.7%), the United Arab Emirates (+4.6%) and Turkey (+3.9%) displayed positive paces of growth. By contrast, Qatar (-1.5%) and Oman (-11.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia increased by +27 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silicon dioxide importing markets in MENA were Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 75% share of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +8.8%, saw 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, picking up by 48% against the previous year. Over the period under review, the import price, however, saw a mild decline. The most prominent rate of growth was recorded in 2019 an increase of 58%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per ton), while Qatar ($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 (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform