MENA: Mercury Market 2024

Mercury Market Size in MENA

In 2021, the MENA's mercury market increased by 89% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a slight increase. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Mercury Production in MENA

In value terms, mercury production fell modestly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 92% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Mercury Exports

Exports in MENA

In 2021, shipments abroad of mercuries decreased by -22.1% to X tons, falling for the third year in a row after two years of growth. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 359% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mercury exports shrank notably to $X in 2021. Over the period under review, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 with an increase of 797%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X tons) represented the key exporter of mercuries, creating 75% of total exports. Turkey (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Israel (6.9%). Morocco (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to mercury exports from the United Arab Emirates stood at +4.9%. At the same time, Israel (+42.9%) and Turkey (+6.2%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +42.9% from 2012-2021. By contrast, Morocco (-19.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+29 p.p.), Turkey (+6.7 p.p.) and Israel (+6.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Morocco (-17.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest mercury supplier in MENA, comprising 74% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports. It was followed by Israel, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +5.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+3.2% per year) and Israel (+72.9% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, declining by -12.4% against the previous year. In general, the export price saw a noticeable decline. The pace of growth was the most pronounced in 2015 an increase of 96%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+21.0%), while the other leaders experienced mixed trends in the export price figures.

Mercury Imports

Imports in MENA

In 2021, approx. X tons of mercuries were imported in MENA; with an increase of 177% on the previous year's figure. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 307% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, mercury imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 140%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, reaching X tons, which was approx. 95% of total imports in 2021. Israel (X tons) held a relatively small share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the mercuries imports, with a CAGR of +43.4% from 2012 to 2021. At the same time, Israel (+14.0%) displayed positive paces of growth. From 2012 to 2021, the share of the United Arab Emirates increased by +81 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mercuries in MENA, comprising 91% of total imports. The second position in the ranking was held by Israel ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +27.8%.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, which is down by -13.9% against the previous year. In general, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2018 when the import price increased by 37%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 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, amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-4.3%).

Source: IndexBox Platform