Middle East: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in the Middle East

In 2021, the Middle Eastern antimony ore and concentrate market decreased by -15.7% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption continues to indicate a dramatic curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Antimony Ores and Concentrates in the Middle East

In value terms, antimony ore and concentrate production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production faced a deep downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Antimony Ores and Concentrates

Exports in the Middle East

In 2021, overseas shipments of antimony ores and concentrates increased by 11% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 71%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, antimony ore and concentrate exports surged to $X in 2021. In general, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. 93% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), mixing up a 6.1% share of total exports.

Turkey was also the fastest-growing in terms of the antimony ores and concentrates exports, with a CAGR of +9.5% from 2012 to 2021. The United Arab Emirates (-48.5%) illustrated a downward trend over the same period. Turkey (+8.9 p.p.) and the United Arab Emirates (+6.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest antimony ore and concentrate supplier in the Middle East, comprising 98% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +6.5%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, rising by 117% against the previous year. Overall, the export price, however, saw a slight reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($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 the United Arab Emirates (-2.4%).

Imports of Antimony Ores and Concentrates

Imports in the Middle East

After three years of decline, purchases abroad of antimony ores and concentrates increased by 161% to X tons in 2021. Over the period under review, imports, however, showed a dramatic decrease. The growth pace was the most rapid in 2017 with an increase of 505% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, antimony ore and concentrate imports surged to $X in 2021. Overall, imports, however, continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 507%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) represented the largest importer of antimony ores and concentrates, constituting 70% of total imports. It was distantly followed by the United Arab Emirates (X tons), making up a 24% share of total imports. Syrian Arab Republic (X kg), Lebanon (X kg) and Yemen (X kg) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the antimony ores and concentrates imports, with a CAGR of +67.6% from 2012 to 2021. At the same time, Syrian Arab Republic (+6.9%) displayed positive paces of growth. Yemen experienced a relatively flat trend pattern. By contrast, Lebanon (-3.7%) and the United Arab Emirates (-46.1%) illustrated a downward trend over the same period. Turkey (+70 p.p.), Syrian Arab Republic (+2.6 p.p.), Lebanon (+2.1 p.p.) and Yemen (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -76.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported antimony ores and concentrates in the Middle East, comprising 64% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Lebanon, with an 11% share.

In Turkey, antimony ore and concentrate imports expanded at an average annual rate of +50.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-45.1% per year) and Lebanon (-3.9% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the import price saw a pronounced increase. The pace of growth was the most pronounced in 2018 when the import price increased by 216% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lebanon ($X per ton), while the United Arab Emirates ($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 (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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