Middle East and North Africa: Bismuth Market 2022

Bismuth Market Size in Middle East and North Africa

In 2021, the MENA's bismuth market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bismuth Production in Middle East and North Africa

In value terms, bismuth production shrank to $X in 2021 estimated in export price. Overall, production saw a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bismuth Exports

Exports in Middle East and North Africa

In 2021, bismuth exports in Middle East and North Africa soared to X tons, with an increase of X% on the previous year. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, bismuth exports skyrocketed to $X in 2021. Overall, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was near X% of total exports in 2021. It was distantly followed by the United Arab Emirates (X kg), achieving a X% share of total exports.

Exports from Turkey increased at an average annual rate of +X% from 2012 to 2021. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. While the share of Turkey (+X p.p.) and the United Arab Emirates (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest bismuth supplier in Middle East and North Africa, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +X%.

Export Prices by Country

The export price in Middle East and North Africa stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-X%).

Bismuth Imports

Imports in Middle East and North Africa

In 2021, after two years of decline, there was significant growth in overseas purchases of bismuth, when their volume increased by X% to X tons. Over the period under review, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bismuth imports soared to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Israel (X tons) represented the main importer of bismuth, making up X% of total imports. It was distantly followed by Turkey (X tons), committing a X% share of total imports. Saudi Arabia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Middle East and North Africa stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($X per ton), while Israel ($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 (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform