Middle East: Lead Ore Market 2022

Lead Ore Market Size in the Middle East

In 2021, after four years of growth, there was significant decline in the Middle Eastern lead ore market, when its value decreased by -X% to $X. Over the period under review, consumption saw a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2020, and then fell significantly in the following year.

Lead Ore Production in the Middle East

In value terms, lead ore production reached $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Lead Ore Exports

Exports in the Middle East

After three years of decline, overseas shipments of lead ores increased by X% to X tons in 2021. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lead ore exports soared to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the main exporter of lead ores in the Middle East, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2021. It was distantly followed by Iran (X tons), comprising a X% share of total exports. The United Arab Emirates (X tons) and Oman (X tons) took a relatively small share of total exports.

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

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

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (-X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat 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 ($X per ton), while Iran ($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 (+X%), while the other leaders experienced mixed trends in the export price figures.

Lead Ore Imports

Imports in the Middle East

In 2021, supplies from abroad of lead ores decreased by -X% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, lead ore imports contracted slightly to $X in 2021. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2020, and then contracted modestly in the following year.

Imports by Country

Iran dominates imports structure, reaching X tons, which was near X% of total imports in 2021. Oman (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons). All these countries together held near X% share of total imports. Turkey (X tons) and Qatar (X tons) followed a long way behind the leaders.

Imports into Iran increased at an average annual rate of +X% from 2012 to 2021. At the same time, Oman (+X%), Qatar (+X%), Saudi Arabia (+X%), the United Arab Emirates (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Iran, Oman and Qatar increased by +X, +X and +X percentage points, respectively.

In value terms, Iran ($X), Oman ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, together accounting for X% of total imports.

Among the main importing countries, Oman, with a CAGR of +X%, recorded the highest growth rate of the value of imports, 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, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Qatar ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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