Middle East: Feldspar Market 2024

Feldspar Market Size in the Middle East

The Middle Eastern feldspar market fell markedly to $X in 2021, with a decrease of -25.7% against the previous year. Over the period under review, consumption showed a noticeable decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Feldspar Production in the Middle East

In value terms, feldspar production shrank to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.3% against 2014 indices. The growth pace was the most rapid in 2013 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Feldspar Exports

Exports in the Middle East

After two years of decline, overseas shipments of feldspar increased by 125% to X tons in 2021. In general, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, feldspar exports soared to $X in 2021. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) represented roughly 99% of total exports in 2021.

Turkey was also the fastest-growing in terms of the feldspar exports, with a CAGR of +13.4% from 2012 to 2021. Turkey (+1.6 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) also remains the largest feldspar supplier in the Middle East.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +15.7%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, increasing by 6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2019 an increase of 9.9%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +2.2% per year.

Feldspar Imports

Imports in the Middle East

In 2021, after three years of decline, there was significant growth in overseas purchases of feldspar, when their volume increased by 81% to X tons. Over the period under review, imports, however, continue to indicate a mild decrease. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, feldspar imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was near 75% of total imports in 2021. Turkey (X tons) held the second position in the ranking, followed by Israel (X tons). All these countries together took near 18% share of total imports. The following importers - Kuwait (X tons), Iran (X tons) and Oman (X tons) - each amounted to a 5.7% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +1.2% from 2012 to 2021. At the same time, Israel (+8.4%), Kuwait (+6.3%) and Turkey (+1.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +8.4% from 2012-2021. By contrast, Oman (-2.4%) and Iran (-13.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Israel and Turkey increased by +13, +4.3 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported feldspar in the Middle East, comprising 50% of total imports. The second position in the ranking was held by Turkey ($X), with a 19% share of total imports. It was followed by Israel, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+4.0% per year) and Israel (+4.5% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, picking up by 7.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2019 an increase of 36%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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