Middle East: Mixtures Of Slag Market 2024

Mixtures Of Slag Market Size in the Middle East

After three years of decline, the Middle Eastern mixtures of slag market increased by 7.1% to $X in 2021. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Mixtures Of Slag Production in the Middle East

In value terms, mixtures of slag production expanded notably to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 54%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Mixtures Of Slag Exports

Exports in the Middle East

In 2021, overseas shipments of mixtures of slag increased by 234% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 267% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, mixtures of slag exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 273% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Palestine (X tons), making up a 7.5% share of total exports. Turkey (X tons) and Oman (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the mixtures of slag exports, with a CAGR of +50.4% from 2012 to 2021. At the same time, Oman (+17.4%) displayed positive paces of growth. Palestine experienced a relatively flat trend pattern. By contrast, Turkey (-2.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Palestine increased by +56 and +7.5 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest mixtures of slag supplier in the Middle East, comprising 64% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports. It was followed by Palestine, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +35.0%. In the other countries, the average annual rates were as follows: Turkey (+13.9% per year) and Palestine (+109.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, which is down by -56.9% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 82% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 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 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 (+17.0%), while the other leaders experienced a decline in the export price figures.

Mixtures Of Slag Imports

Imports in the Middle East

In 2021, overseas purchases of mixtures of slag were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 8,130%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, mixtures of slag imports soared to $X in 2021. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 6,264%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kuwait was the main importing country with an import of about X tons, which finished at 75% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing a 12% share of total imports. Yemen (X tons), Saudi Arabia (X tons) and Iraq (X tons) followed a long way behind the leaders.

Imports into Kuwait increased at an average annual rate of +74.4% from 2012 to 2021. At the same time, the United Arab Emirates (+86.6%), Saudi Arabia (+57.7%) and Yemen (+15.0%) 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 +86.6% from 2012-2021. By contrast, Iraq (-25.7%) illustrated a downward trend over the same period. Kuwait (+75 p.p.), the United Arab Emirates (+12 p.p.) and Saudi Arabia (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Iraq saw its share reduced by -88.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported mixtures of slag in the Middle East, comprising 76% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kuwait amounted to +184.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+49.2% per year) and Saudi Arabia (+2.6% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, falling by -33.4% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 when the import price increased by 468%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Yemen ($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 (+64.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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