Middle East: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in the Middle East

After two years of growth, the Middle Eastern calcium carbonate market decreased by -41.8% to $X in 2021. Over the period under review, consumption recorded a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2020, and then fell notably in the following year.

Calcium Carbonate Production in the Middle East

In value terms, calcium carbonate production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 7.7% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to see gradual growth in years to come.

Calcium Carbonate Exports

Exports in the Middle East

After three years of decline, overseas shipments of calcium carbonate increased by 51% to X tons in 2021. The total export volume increased at an average annual rate of +5.5% 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, calcium carbonate exports soared to $X in 2021. The total export value increased at an average annual rate of +5.4% 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.

Exports by Country

Turkey represented the main exporter of calcium carbonate in the Middle East, with the volume of exports resulting at X tons, which was approx. 62% of total exports in 2021. It was distantly followed by Jordan (X tons), making up a 28% share of total exports. Iran (X tons), Saudi Arabia (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to calcium carbonate exports from Turkey stood at +14.2%. At the same time, Oman (+28.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +28.5% from 2012-2021. Jordan and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Iran (-12.9%) illustrated a downward trend over the same period. While the share of Turkey (+32 p.p.) and Oman (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-1.8 p.p.), Jordan (-15.4 p.p.) and Iran (-15.9 p.p.) displayed negative dynamics.

In value terms, the largest calcium carbonate supplying countries in the Middle East were Turkey ($X), Jordan ($X) and Iran ($X), with a combined 90% share of total exports. These countries were followed by Saudi Arabia and Oman, which together accounted for a further 6.4%.

In terms of the main exporting countries, Oman, with a CAGR of +24.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, increasing by 2.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 16%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+6.2%), while the other leaders experienced more modest paces of growth.

Calcium Carbonate Imports

Imports in the Middle East

For the fourth consecutive year, the Middle East recorded decline in overseas purchases of calcium carbonate, which decreased by -2.5% to X tons in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 33%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, calcium carbonate imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 23% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia prevails in imports structure, reaching X tons, which was near 56% of total imports in 2021. Qatar (X tons) held the second position in the ranking, followed by Iraq (X tons), Oman (X tons) and Turkey (X tons). All these countries together took near 25% share of total imports. The following importers - Israel (X tons) and the United Arab Emirates (X tons) - together made up 6.7% of total imports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of calcium carbonate. At the same time, Qatar (+14.6%), Oman (+13.4%), Turkey (+10.5%), Israel (+10.0%) and Iraq (+6.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +14.6% from 2012-2021. By contrast, the United Arab Emirates (-8.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Qatar, Oman, Turkey, Iraq and Israel increased by +5.1, +3.5, +3, +2.5 and +2 percentage points, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported calcium carbonate in the Middle East, comprising 43% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Israel, with an 11% share.

In Saudi Arabia, calcium carbonate imports increased at an average annual rate of +4.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+8.1% per year) and Israel (+11.1% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2018 an increase of 25%. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($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 (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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