Middle East: Market for None 2020

Exports of None

Exports in the Middle East

In 2018, the exports of cyanides, cyanide oxides and complex cyanideses in the Middle East totaled X tons, rising by X% against the previous year. Over the period under review, exports of cyanides, cyanide oxides and complex cyanideses continue to indicate a resilient increase. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, exports of cyanides, cyanide oxides and complex cyanideses reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses stood at $X in 2018. In general, exports of cyanides, cyanide oxides and complex cyanideses continue to indicate outstanding growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, exports of cyanides, cyanide oxides and complex cyanideses reached their peak figure in 2018 and are likely to see steady growth in the near future.

Exports by Country

The United Arab Emirates prevails in exports of cyanides, cyanide oxides and complex cyanideses structure, amounting to X tons, which was approx. X% of total exports in 2018. The following exporters - Saudi Arabia (X tons) and Turkey (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to cyanides, cyanide oxides and complex cyanides exports from the United Arab Emirates stood at +X%. At the same time, Saudi Arabia (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter in the Middle East, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of the United Arab Emirates and Saudi Arabia increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest cyanides, cyanide oxides and complex cyanides supplier in the Middle East, comprising X% of total exports of cyanides, cyanide oxides and complex cyanideses. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +X%. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

The export price for cyanides, cyanide oxides and complex cyanideses in the Middle East stood at $X per ton in 2018, rising by X% against the previous year. The export price indicated a tangible increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, export price for cyanides, cyanide oxides and complex cyanideses increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 when the export price increased by X% y-o-y. In that year, the export prices for cyanides, cyanide oxides and complex cyanideses reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for cyanides, cyanide oxides and complex cyanideses remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced mixed trends in the export price figures.

Imports of None

Imports in the Middle East

In 2018, approx. X tons of cyanides, cyanide oxides and complex cyanideses were imported in the Middle East; increasing by X% against the previous year. In general, imports of cyanides, cyanide oxides and complex cyanideses continue to indicate resilient growth. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Over the period under review, imports of cyanides, cyanide oxides and complex cyanideses attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses stood at $X in 2018. Over the period under review, imports of cyanides, cyanide oxides and complex cyanideses continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, imports of cyanides, cyanide oxides and complex cyanideses reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Turkey prevails in imports of cyanides, cyanide oxides and complex cyanideses structure, recording X tons, which was approx. X% of total imports in 2018. Iran (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%).

Turkey was also the fastest-growing in terms of the cyanides, cyanide oxides and complex cyanideses imports, with a CAGR of +X% from 2007 to 2018. At the same time, Iran (+X%) displayed positive paces of growth. By contrast, Saudi Arabia (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.) and Iran (+X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by -X% from 2007 to 2018, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported cyanides, cyanide oxides and complex cyanideses in the Middle East, comprising X% of total imports of cyanides, cyanide oxides and complex cyanideses. The second position in the ranking was occupied by Iran ($X), with a X% share of total imports.

In Turkey, imports of cyanides, cyanide oxides and complex cyanideses increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Iran (+X% per year) and Saudi Arabia (+X% per year).

Import Prices by Country

The import price for cyanides, cyanide oxides and complex cyanideses in the Middle East stood at $X per ton in 2018, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for cyanides, cyanide oxides and complex cyanideses attained their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2018, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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