Middle East: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in the Middle East

The Middle Eastern ferro-cerium and pyrophoric alloys market fell to $X in 2021, with a decrease of -4.1% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in the Middle East

In value terms, ferro-cerium and pyrophoric alloys production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in the Middle East

In 2021, after three years of decline, there was significant growth in overseas shipments of ferro-cerium and pyrophoric alloys, when their volume increased by 12% to X tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 209%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports expanded notably to $X in 2021. Overall, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2015 with an increase of 221% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey was the main exporting country with an export of around X tons, which amounted to 69% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a 26% share of total exports. The following exporters - Iran (X tons) and Jordan (X tons) - each recorded a 3.7% share of total exports.

Exports from Turkey increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Jordan (+25.7%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +25.7% from 2012-2021. By contrast, the United Arab Emirates (-2.6%) and Iran (-6.0%) illustrated a downward trend over the same period. Turkey (+14 p.p.) and Jordan (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Iran and the United Arab Emirates saw its share reduced by -1.7% and -9.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 29% share of total exports. It was followed by Jordan, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +3.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.0% per year) and Jordan (+28.8% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Iran ($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 (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in the Middle East

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys decreased by -34.6% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 32% 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, ferro-cerium and pyrophoric alloys imports shrank sharply to $X in 2021. In general, imports showed a noticeable descent. The pace of growth was the most pronounced in 2020 with an increase of 25%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Israel was the key importer of ferro-cerium and pyrophoric alloys in the Middle East, with the volume of imports amounting to X tons, which was approx. 39% of total imports in 2021. Kuwait (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (9.2%), the United Arab Emirates (8.8%), Jordan (8.8%), Oman (6%) and Lebanon (4.9%).

From 2012 to 2021, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys imports into Israel stood at +1.1%. At the same time, Qatar (+43.0%), Oman (+16.6%), Kuwait (+11.4%) and Jordan (+9.3%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +43.0% from 2012-2021. By contrast, the United Arab Emirates (-5.8%) and Lebanon (-7.2%) illustrated a downward trend over the same period. While the share of Israel (+18 p.p.), Kuwait (+11 p.p.), Qatar (+9.2 p.p.), Jordan (+6.5 p.p.) and Oman (+5.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in the Middle East, comprising 38% of total imports. The second position in the ranking was taken by Qatar ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Israel was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+46.0% per year) and the United Arab Emirates (+1.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 when the import price increased by 27% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

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 Qatar ($X per ton), while Kuwait ($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 (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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