Middle East: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in the Middle East

In 2021, the Middle Eastern market for manganites, manganates and permanganates, molybdates and tungstates decreased by -4.8% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +110.8% against 2012 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced modestly in the following year.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in the Middle East

In value terms, manganites, manganates, molybdates and tungstates production shrank to $X in 2021 estimated in export price. Overall, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports in the Middle East

In 2021, after three years of growth, there was significant decline in overseas shipments of manganites, manganates and permanganates, molybdates and tungstates, when their volume decreased by -16% to X tons. Overall, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 339%. The volume of export peaked at X tons in 2020, and then fell significantly in the following year.

In value terms, manganites, manganates, molybdates and tungstates exports fell to $X in 2021. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2018 when exports increased by 429%. The level of export peaked at $X in 2020, and then fell in the following year.

Exports by Country

In 2021, Saudi Arabia (X tons) was the main exporter of manganites, manganates and permanganates, molybdates and tungstates, committing 50% of total exports. Turkey (X tons) took the second position in the ranking, followed by Iran (X tons) and Israel (X tons). All these countries together took approx. 47% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the manganites, manganates and permanganates, molybdates and tungstates exports, with a CAGR of +24.3% from 2012 to 2021. At the same time, Israel (+9.0%) and Turkey (+3.2%) displayed positive paces of growth. Iran experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-15.6%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+38 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-7.8 p.p.), Iran (-14.2 p.p.) and the United Arab Emirates (-17.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest manganites, manganates, molybdates and tungstates supplier in the Middle East, comprising 50% of total exports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total exports. It was followed by Israel, with a 9.2% share.

In Saudi Arabia, manganites, manganates, molybdates and tungstates exports expanded at an average annual rate of +21.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+12.6% per year) and Israel (+10.8% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, picking up by 7% against the previous year. Export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manganites, manganates, molybdates and tungstates export price decreased by -16.6% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 43%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Iran ($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 (+10.1%), while the other leaders experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports in the Middle East

In 2021, overseas purchases of manganites, manganates and permanganates, molybdates and tungstates decreased by -21.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 67% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports rose sharply to $X in 2021. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 41% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Iran was the largest importer of manganites, manganates and permanganates, molybdates and tungstates in the Middle East, with the volume of imports amounting to X tons, which was near 62% of total imports in 2021. It was distantly followed by Turkey (X tons), making up a 30% share of total imports. Israel (X tons) and Kuwait (X tons) followed a long way behind the leaders.

Imports into Iran decreased at an average annual rate of -12.4% from 2012 to 2021. At the same time, Kuwait (+30.4%) and Turkey (+12.9%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +30.4% from 2012-2021. By contrast, Israel (-9.8%) illustrated a downward trend over the same period. Turkey (+25 p.p.) and Kuwait (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -24.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X), Turkey ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2021, with a combined 86% share of total imports.

Kuwait, with a CAGR of +43.4%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, jumping by 34% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Kuwait ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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