Middle East: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in the Middle East

In 2021, the Middle Eastern gypsum, anhydrite and limestone market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Gypsum, Anhydrite And Limestone in the Middle East

In value terms, gypsum, anhydrite and limestone production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Gypsum, Anhydrite And Limestone

Exports in the Middle East

Gypsum, anhydrite and limestone exports was estimated at X tons in 2021, picking up by 14% on the year before. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 53%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, gypsum, anhydrite and limestone exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, the United Arab Emirates (X tons) was the main exporter of gypsum, anhydrite and limestone, achieving 70% of total exports. It was distantly followed by Oman (X tons), comprising a 23% share of total exports. The following exporters - Iran (X tons) and Turkey (X tons) - together made up 6% of total exports.

From 2012 to 2021, average annual rates of growth with regard to gypsum, anhydrite and limestone exports from the United Arab Emirates stood at +15.1%. At the same time, Turkey (+20.9%), Iran (+13.5%) and Oman (+11.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +20.9% from 2012-2021. The United Arab Emirates (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Oman saw its share reduced by -5.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest gypsum, anhydrite and limestone supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was taken by Oman ($X), with a 28% share of total exports. It was followed by Iran, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +14.1%. In the other countries, the average annual rates were as follows: Oman (+11.4% per year) and Iran (+4.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the export price, however, showed a slight slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Gypsum, Anhydrite And Limestone

Imports in the Middle East

For the third consecutive year, the Middle East recorded decline in supplies from abroad of gypsum, anhydrite and limestone, which decreased by -17.4% to X tons in 2021. Overall, imports saw a noticeable descent. The growth pace was the most rapid in 2014 with an increase of 37%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, gypsum, anhydrite and limestone imports shrank notably to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 26%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons) and Kuwait (X tons) represented the largest importers of gypsum, anhydrite and limestone in 2021, resulting at approx. 37% and 32% of total imports, respectively. Oman (X tons) ranks next in terms of the total imports with a 9.7% share, followed by Qatar (5.7%), Israel (5.5%) and Bahrain (5.2%). Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +51.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gypsum, anhydrite and limestone importing markets in the Middle East were Kuwait ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for 77% of total imports. These countries were followed by Qatar, Oman, Lebanon and Bahrain, which together accounted for a further 18%.

Oman, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, waning by -4.5% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gypsum, anhydrite and limestone import price increased by +82.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 91% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+12.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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