MENA: Zinc Oxide Market 2024

Zinc Oxide Market Size in MENA

The MENA's zinc oxide market dropped dramatically to $X in 2022, waning by X% against the previous year. Overall, consumption, however, showed a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Zinc Oxide Production in MENA

In value terms, zinc oxide production plummeted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Zinc Oxide Exports

Exports in MENA

In 2022, the amount of zinc oxide and zinc peroxide exported in MENA expanded rapidly to X tons, surging by X% compared with the year before. Overall, exports continue to indicate temperate growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc oxide exports soared to $X in 2022. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Turkey dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), achieving a X% share of total exports. The United Arab Emirates (X tons), Oman (X tons) and Morocco (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to zinc oxide exports from Turkey stood at X%. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) and Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, the United Arab Emirates and Oman increased by X, X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest zinc oxide supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In Turkey, zinc oxide exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Zinc Oxide Imports

Imports in MENA

In 2022, the amount of zinc oxide and zinc peroxide imported in MENA declined notably to X tons, dropping by X% against the previous year. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, zinc oxide imports declined to $X in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey represented the major importing country with an import of around X tons, which accounted for X% of total imports. Egypt (X tons) ranks second in terms of the total imports with an X% share, followed by Iran (X%), the United Arab Emirates (X%), Qatar (X%) and Saudi Arabia (X%). Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc oxide importing markets in MENA were Egypt ($X), Turkey ($X) and Saudi Arabia ($X), together comprising X% of total imports. Iran, the United Arab Emirates, Qatar and Morocco lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform