MENA: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in MENA

In 2021, after two years of growth, there was decline in the MENA's market for manganites, manganates and permanganates, molybdates and tungstates, when its value decreased by -4.1% to $X. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.7% against 2018 indices. Over the period under review, the market hit record highs at $X in 2020, and then dropped slightly in the following year.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in MENA

In value terms, manganites, manganates, molybdates and tungstates production reduced slightly to $X in 2021 estimated in export price. In general, production, however, recorded resilient growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 40%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports in MENA

In 2021, after three years of growth, there was significant decline in shipments abroad of manganites, manganates and permanganates, molybdates and tungstates, when their volume decreased by -15.4% to X tons. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 240%. The volume of export peaked at X tons in 2020, and then dropped significantly in the following year.

In value terms, manganites, manganates, molybdates and tungstates exports shrank to $X in 2021. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 335%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted in the following year.

Exports by Country

In 2021, Saudi Arabia (X tons) was the main exporter of manganites, manganates and permanganates, molybdates and tungstates, generating 49% of total exports. Turkey (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Iran (18%) and Israel (4.7%). The following exporters - the United Arab Emirates (X tons) and Tunisia (X tons) - each finished at a 4.5% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the manganites, manganates and permanganates, molybdates and tungstates exports, with a CAGR of +24.3% from 2012 to 2021. At the same time, Israel (+9.0%) and Turkey (+3.2%) displayed positive paces of growth. Iran experienced a relatively flat trend pattern. By contrast, Tunisia (-1.0%) and the United Arab Emirates (-15.6%) illustrated a downward trend over the same period. Saudi Arabia (+37 p.p.) significantly strengthened its position in terms of the total exports, while Tunisia, Turkey, Iran and the United Arab Emirates saw its share reduced by -2%, -7%, -13.2% and -16.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest manganites, manganates, molybdates and tungstates supplier in MENA, comprising 49% of total exports. The second position in the ranking was taken by Turkey ($X), with a 24% share of total exports. It was followed by Israel, with a 9% share.

In Saudi Arabia, manganites, manganates, molybdates and tungstates exports expanded at an average annual rate of +21.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+12.6% per year) and Israel (+10.8% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, with an increase of 6.2% against the previous year. Export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manganites, manganates, molybdates and tungstates export price decreased by -14.6% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 31%. The level of export peaked at $X per ton in 2018; however, from 2019 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 Israel ($X per ton), while Iran ($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 (+10.1%), while the other leaders experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports in MENA

In 2021, after two years of growth, there was significant decline in purchases abroad of manganites, manganates and permanganates, molybdates and tungstates, when their volume decreased by -22.1% to X tons. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 51% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports reached $X in 2021. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Iran represented the major importing country with an import of around X tons, which finished at 59% of total imports. It was distantly followed by Turkey (X tons), committing a 28% share of total imports. The following importers - Israel (X tons), Egypt (X tons) and Kuwait (X tons) - together made up 7.7% of total imports.

From 2012 to 2021, average annual rates of growth with regard to manganites, manganates, molybdates and tungstates imports into Iran stood at -12.4%. At the same time, Kuwait (+30.4%), Turkey (+12.9%) and Egypt (+10.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of +30.4% from 2012-2021. By contrast, Israel (-9.8%) illustrated a downward trend over the same period. Turkey (+24 p.p.), Egypt (+2.1 p.p.) and Kuwait (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -25.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest manganites, manganates, molybdates and tungstates importing markets in MENA were Iran ($X), Turkey ($X) and Kuwait ($X), together comprising 82% of total imports.

Kuwait, with a CAGR of +43.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the import price in MENA amounted to $X per ton, with an increase of 34% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Kuwait ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform