Middle East: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in the Middle East

The Middle Eastern limestone flux and limestone market declined to $X in 2022, with a decrease of -3.6% against the previous year. Over the period under review, consumption saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 7.6%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Limestone Flux, Limestone And Calcareous Stone in the Middle East

In value terms, limestone flux and limestone production dropped to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports in the Middle East

Limestone flux and limestone exports contracted to X tons in 2022, which is down by -5.7% compared with 2021. In general, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 67%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, limestone flux and limestone exports shrank to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 40%. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Oman (X tons), making up a 9.3% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the limestone flux, limestone and calcareous stone exports, with a CAGR of +12.2% from 2012 to 2022. At the same time, Oman (+5.5%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by +6.3 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest limestone flux and limestone supplier in the Middle East, comprising 83% of total exports. The second position in the ranking was taken by Oman ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +9.9%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, shrinking by -8.9% against the previous year. In general, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.0%).

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports in the Middle East

In 2022, after three years of decline, there was significant growth in purchases abroad of limestone flux, limestone and calcareous stone, when their volume increased by 29% to X tons. In general, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 47%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, limestone flux and limestone imports surged to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 40%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kuwait (X tons) was the main importer of limestone flux, limestone and calcareous stone, mixing up 77% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 12% share, followed by Bahrain (7.6%). Qatar (X tons) took a minor share of total imports.

Imports into Kuwait decreased at an average annual rate of -5.2% from 2012 to 2022. At the same time, the United Arab Emirates (+12.4%) and Bahrain (+4.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +12.4% from 2012-2022. By contrast, Qatar (-7.4%) illustrated a downward trend over the same period. The United Arab Emirates (+9.2 p.p.) and Bahrain (+4.2 p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Kuwait saw its share reduced by -1.6% and -12.3% from 2012 to 2022, respectively.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Qatar ($X) were the countries with the highest levels of imports in 2022, together comprising 95% of total imports.

The United Arab Emirates, with a CAGR of +15.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, picking up by 6.6% against the previous year. In general, the import price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2020 when the import price increased by 39%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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