Middle East: Activated Carbon Market 2024

Activated Carbon Market Size in the Middle East

For the fifth year in a row, the Middle Eastern activated carbon market recorded growth in sales value, which increased by 2.7% to $X in 2022. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Activated Carbon Production in the Middle East

In value terms, activated carbon production surged to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +45.9% against 2017 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 50%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Activated Carbon Exports

Exports in the Middle East

In 2022, the amount of activated carbon exported in the Middle East skyrocketed to X tons, jumping by 81% compared with the previous year's figure. Over the period under review, exports recorded a resilient increase. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, activated carbon exports surged to $X in 2022. Overall, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the main exporting country with an export of around X tons, which resulted at 52% of total exports. The United Arab Emirates (X tons) held a 32% share (based on physical terms) of total exports, which put it in second place, followed by Oman (13%). Iran (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of +40.2%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest activated carbon supplier in the Middle East, comprising 67% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Oman, with a 9.3% share.

In Turkey, activated carbon exports increased at an average annual rate of +16.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+31.4% per year) and Oman (+48.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while Iran ($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 the Middle East

In 2022, approx. X tons of activated carbon were imported in the Middle East; which is down by -13% on 2021. Over the period under review, imports saw a mild slump. The pace of growth appeared the most rapid in 2013 with an increase of 27%. As a result, imports reached 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 notably to $X in 2022. The total import value increased at an average annual rate of +3.9% 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 when imports increased by 36%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Turkey (X tons) represented the largest importer of activated carbon, creating 52% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 14% share, followed by Israel (13%), Qatar (6.6%) and Iran (5%). Oman (X tons) and Jordan (X tons) took a little share of total imports.

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, Oman (+10.5%), the United Arab Emirates (+9.8%) and Israel (+6.5%) displayed positive paces of growth. By contrast, Jordan (-2.3%), Iran (-3.4%) and Qatar (-18.8%) illustrated a downward trend over the same period. While the share of Turkey (+36 p.p.), the United Arab Emirates (+8.8 p.p.), Israel (+6.8 p.p.) and Oman (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (-40.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported activated carbon in the Middle East, comprising 50% of total imports. The second position in the ranking was taken by Israel ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +11.0%. 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 the Middle East amounted to $X per ton, rising by 21% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, activated carbon import price increased by +42.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 24% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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