MENA: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in MENA

The MENA's platinum catalysts market soared to $X in 2022, rising by 73% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Platinum Catalysts Production in MENA

In value terms, platinum catalysts production reached $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Platinum Catalysts Exports

Exports in MENA

Platinum catalysts exports contracted remarkably to X tons in 2022, shrinking by -44.3% against the year before. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 2,667%. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, platinum catalysts exports fell markedly to $X in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 264% against the previous year. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Egypt dominates exports structure, reaching X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Jordan (X tons), generating an 8.9% share of total exports. Bahrain (X tons) held a minor share of total exports.

Egypt was also the fastest-growing in terms of the platinum catalysts exports, with a CAGR of +95.9% from 2012 to 2022. At the same time, Bahrain (+7.0%) displayed positive paces of growth. By contrast, Jordan (-2.9%) illustrated a downward trend over the same period. While the share of Egypt (+88 p.p.) and Bahrain (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Jordan (-48.8 p.p.) displayed negative dynamics.

In value terms, Egypt ($X) remains the largest platinum catalysts supplier in MENA, comprising 66% of total exports. The second position in the ranking was held by Jordan ($X), with a 7.6% share of total exports.

In Egypt, platinum catalysts exports expanded at an average annual rate of +114.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jordan (+7.1% per year) and Bahrain (+210.7% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per kg, jumping by 45% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 293% against the previous year. The level of export peaked at $X per kg in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per kg), while Egypt ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+190.3%), while the other leaders experienced more modest paces of growth.

Platinum Catalysts Imports

Imports in MENA

In 2022, approx. X tons of platinum catalysts were imported in MENA; growing by 2.9% compared with the year before. In general, imports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 163%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, platinum catalysts imports shrank to $X in 2022. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 162%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Jordan (X tons) and Egypt (X tons) represented the key importers of platinum catalysts in MENA, together achieving 55% of total imports. Israel (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Lebanon (14%) and Iran (9.1%). Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported platinum catalysts in MENA, comprising 43% of total imports. The second position in the ranking was held by Jordan ($X), with a 19% share of total imports. It was followed by Israel, with an 11% share.

In Egypt, platinum catalysts imports increased at an average annual rate of +49.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Jordan (+14.9% per year) and Israel (+8.1% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, reducing by -12% against the previous year. Over the period under review, the import price, however, showed prominent growth. The growth pace was the most rapid in 2018 when the import price increased by 112%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+14.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform