Middle East and North Africa: Lead Ore Market 2022

Lead Ore Market Size in Middle East and North Africa

After four years of growth, the MENA's lead ore market decreased by -X% to $X in 2021. Overall, consumption showed a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Lead Ore Production in Middle East and North Africa

In value terms, lead ore production stood at $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Lead Ore Exports

Exports in Middle East and North Africa

In 2021, overseas shipments of lead ores increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lead ore exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

Turkey represented the major exporting country with an export of about X tons, which finished at X% of total exports. Morocco (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Iran (X%). The United Arab Emirates (X tons) and Oman (X tons) held a relatively small 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%) and Morocco (+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. Oman and Iran experienced a relatively flat trend pattern. From 2012 to 2021, the share of Turkey and Oman increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest lead ore supplier in Middle East and North Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (-X% per year) and Iran (-X% per year).

Export Prices by Country

The export price in Middle East and North Africa stood at $X per ton in 2021, flattening at the previous year. Overall, the export price, however, recorded a slight downturn. The pace of growth was the most pronounced in 2017 an increase of X%. 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 remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Iran ($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 (+X%), while the other leaders experienced mixed trends in the export price figures.

Lead Ore Imports

Imports in Middle East and North Africa

In 2021, the amount of lead ores imported in Middle East and North Africa declined slightly to X tons, which is down by -X% on the previous year. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lead ore imports amounted to $X in 2021. In general, imports continue to indicate a noticeable downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Morocco represented the main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Iran (X tons), achieving a X% share of total imports. The following importers - Oman (X tons) and Saudi Arabia (X tons) - each recorded a X% share of total imports.

Imports into Morocco decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Oman (+X%), Iran (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. Iran (+X p.p.) and Oman (+X p.p.) significantly strengthened its position in terms of the total imports, while Morocco saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported lead ores in Middle East and North Africa, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Morocco amounted to -X%. In the other countries, the average annual rates were as follows: Iran (+X% per year) and Oman (+X% per year).

Import Prices by Country

In 2021, the import price in Middle East and North Africa amounted to $X per ton, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Morocco ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform