Middle East: Graphite Market 2024

Graphite Market Size in the Middle East

The Middle Eastern graphite market contracted to $X in 2021, shrinking by -6.5% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Graphite Production in the Middle East

In value terms, graphite production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 10%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Graphite Exports

Exports in the Middle East

In 2021, approx. X tons of graphite (natural) were exported in the Middle East; jumping by 95% compared with 2020 figures. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 116%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, graphite exports soared to $X in 2021. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 116%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together constituting 96% of total exports. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Jordan (with a CAGR of +74.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest graphite supplier in the Middle East, comprising 69% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 26% share of total exports.

In Turkey, graphite exports increased at an average annual rate of +4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+14.7% per year) and Jordan (+48.9% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, dropping by -31.3% against the previous year. Overall, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (-9.5%), while the other leaders experienced a decline in the export price figures.

Graphite Imports

Imports in the Middle East

After two years of growth, overseas purchases of graphite (natural) decreased by -1.1% to X tons in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +6.5% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 45%. The volume of import peaked at X tons in 2020, and then declined slightly in the following year.

In value terms, graphite imports rose modestly to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.7% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Turkey represented the major importer of graphite (natural) in the Middle East, with the volume of imports amounting to X tons, which was approx. 63% of total imports in 2021. It was distantly followed by Iran (X tons) and the United Arab Emirates (X tons), together generating a 33% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to graphite imports into Turkey stood at +6.3%. At the same time, Kuwait (+57.2%), the United Arab Emirates (+22.4%) and Iran (+4.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +57.2% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates and Kuwait increased by +8.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported graphite (natural) in the Middle East, comprising 64% of total imports. The second position in the ranking was held by Iran ($X), with a 25% share of total imports. It was followed by the United Arab Emirates, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +1.8%. In the other countries, the average annual rates were as follows: Iran (+4.0% per year) and the United Arab Emirates (+14.1% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, surging by 5.2% against the previous year. In general, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by 18%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :