Middle East: Pitch Market 2020

Pitch Market Size in Middle East

The revenue of the pitch market in Middle East amounted to $X in 2017, growing by X% against the previous year. The pitch consumption continues to indicate a conspicuous increase. The pace of growth appeared the most rapid in 2017, when market value increased by X% year-to-year. In that year, the pitch market reached their peak level, and is likely to continue its growth in the immediate term.

Pitch Production in Middle East

In 2017, pitch production in Middle East totaled X tons, increasing by X% against the previous year. The pitch production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when it surged by X% year-to-year. In that year, the pitch production attained their peak volume of X tons. From 2009 to 2017, growth of the pitch production failed to regain its momentum.

Pitch Exports in Middle East

In 2017, exports of pitch and pitch coke in Middle East totaled X tons, shrinking by -X% against the previous year. The pitch exports continue to indicate a drastic setback. The pace of growth appeared the most rapid in 2014, when it surged by X% year-to-year. The volume of exports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, pitch exports totaled $X in 2017. The pitch exports continue to indicate a deep reduction. In that year, the pitch exports reached their peak level of $X. From 2015 to 2017, growth of the pitch exports stood at a somewhat lower level.

Pitch Exports by Country in Middle East

Kuwait dominates pitch exports structure, finishing at X tons, which was near X% of total exports in 2017. Iran (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Bahrain (X%) and Israel (X%). The United Arab Emirates (X tons) occupied the mild share of total exports.

Exports from Kuwait decreased at an average annual rate of -X% from 2007 to 2017. 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 in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Iran (-X%), Israel (-X%) and Bahrain (-X%) illustrated a downward trend over the same period. Bahrain (X%), Israel (X%), Iran (X%) and Kuwait (X%) significantly strengthened its position in terms of the global exports, while the United Arab Emirates saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, Kuwait ($X) remains the largest pitch supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Iran ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Kuwait amounted to -X%. In the other countries, the average annual rates were as follows: Iran (-X% per year) and Israel (-X% per year).

Pitch Export Prices by Country in Middle East

The pitch export price in Middle East stood at $X per ton in 2017, coming up by X% against the previous year. The pitch export price continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. In that year, the export prices for pitch and pitch coke attained their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Kuwait ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Israel (+X% per year), while the other leaders experienced a decline in the export price figures.

Pitch Imports in Middle East

In 2017, the amount of pitch and pitch coke imported in Middle East amounted to X tons, waning by -X% against the previous year. The pitch imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, pitch imports amounted to $X in 2017. The pitch imports continue to indicate a remarkable increase. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Pitch Imports by Country in Middle East

In 2017, the United Arab Emirates (X tons) represented the major importer for pitch and pitch coke, making up X% of total imports. It was distantly followed by Bahrain (X tons), Oman (X tons), Saudi Arabia (X tons) and Qatar (X tons), together mixed up X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), the United Arab Emirates ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Oman and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Saudi Arabia (+X% per year) experienced the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Pitch Import Prices by Country in Middle East

The pitch import price in Middle East stood at $X per ton in 2017, surging by X% against the previous year. The pitch import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. Over the period under review, the import prices for pitch and pitch coke reached its maximum level of $X per ton in 2008; however, from 2009 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Qatar (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform