Middle East: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in the Middle East

The Middle Eastern graphite non-electrical articles market rose modestly to $X in 2022, growing by 1.8% against the previous year. In general, consumption showed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Graphite Non-Electrical Articles Production in the Middle East

In value terms, graphite non-electrical articles production totaled $X in 2022 estimated in export price. Overall, production posted a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 28%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in years to come.

Graphite Non-Electrical Articles Exports

Exports in the Middle East

In 2022, overseas shipments of non-electrical articles of graphite or other carbon were finally on the rise to reach X tons after two years of decline. In general, exports posted strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by 53%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, graphite non-electrical articles exports rose remarkably to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by 55% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) represented roughly 98% of total exports in 2022.

Turkey was also the fastest-growing in terms of the non-electrical articles of graphite or other carbon exports, with a CAGR of +10.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest graphite non-electrical articles supplier in the Middle East.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +9.9%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 9%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -0.9% per year.

Graphite Non-Electrical Articles Imports

Imports in the Middle East

In 2022, approx. X tons of non-electrical articles of graphite or other carbon were imported in the Middle East; with an increase of 11% on 2021 figures. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 111%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, graphite non-electrical articles imports skyrocketed to $X in 2022. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 63%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the key importer of non-electrical articles of graphite or other carbon in the Middle East, with the volume of imports recording X tons, which was approx. 73% of total imports in 2022. The United Arab Emirates (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Israel (8.9%). Saudi Arabia (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the non-electrical articles of graphite or other carbon imports, with a CAGR of +28.8% from 2012 to 2022. At the same time, Israel (+7.3%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-7.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +59 percentage points.

In value terms, Turkey ($X) constitutes the largest market for imported non-electrical articles of graphite or other carbon in the Middle East, comprising 57% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Israel, with a 16% share.

In Turkey, graphite non-electrical articles imports expanded at an average annual rate of +15.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.5% per year) and Israel (+6.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by 5.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by 38%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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