Middle East: Platinum Ore Market 2020

Platinum Ore Market Size in Middle East

The revenue of the platinum ore market in Middle East amounted to $X in 2017, jumping by X% against the previous year. The platinum ore consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017, when market value increased by X% year-to-year. In that year, the platinum ore market attained their peak level, and is likely to continue its growth in the immediate term.

Platinum Ore Production in Middle East

In 2017, approx. X tons of platinum ores and concentrates were produced in Middle East; going up by X% against the previous year. The platinum ore production continues to indicate an outstanding growth. The pace of growth was the most pronounced in 2012, when the output figure increased by X% against the previous year. Over the period under review, the platinum ore production attained its maximum volume of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Platinum Ore Exports in Middle East

The exports amounted to X tons in 2017, coming up by X% against the previous year. The platinum ore exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2013, when exports increased by X% y-o-y. In that year, the platinum ore exports attained their peak volume of X tons. From 2014 to 2017, growth of the platinum ore exports stood at a somewhat lower level.

In value terms, platinum ore exports amounted to $X in 2017. The platinum ore exports continue to indicate a strong growth. In that year, the platinum ore exports attained their peak level of $X. From 2014 to 2017, growth of the platinum ore exports stood at a somewhat lower level.

Platinum Ore Exports by Country in Middle East

The countries with the highest levels of platinum ore exports in 2017 were Turkey (X tons), together resulting at X% of total export.

Turkey was also the fastest growing in terms of the platinum ores and concentrates exports, with a CAGR of +X% from 2007 to 2017. From 2007 to 2017, the share of Turkey decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest platinum ore supplier in Middle East.

In Turkey, platinum ore exports expanded at an average annual rate of +X% over the period from 2007-2017.

Platinum Ore Export Prices by Country in Middle East

The platinum ore export price in Middle East stood at $X per ton in 2017, lowering by -X% against the previous year. The export price indicated a measured increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the platinum ore export price decreased by -X% against 2012 indices. The pace of growth was the most pronounced in 2012, when the export prices increased by X% year-to-year. In that year, the export prices for platinum ores and concentrates reached their peak level of $X per ton. From 2013 to 2017, growth of the export prices for platinum ores and concentrates stood at a somewhat lower level.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year).

Platinum Ore Imports in Middle East

In 2017, imports of platinum ores and concentrates in Middle East totaled X tons, increasing by X% against the previous year. The platinum ore imports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2011, when it surged by X% y-o-y. In that year, the platinum ore imports attained their peak volume of X tons. From 2012 to 2017, growth of the platinum ore imports failed to regain its momentum.

In value terms, platinum ore imports stood at $X in 2017. The platinum ore imports continue to indicate a strong expansion. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Platinum Ore Imports by Country in Middle East

Oman dominates platinum ore imports structure, recording X tons, which was approx. X% of total imports in 2017. Lebanon (X kg) ranks second in terms of the global imports with a X% share, followed by Israel (X%). Bahrain (X kg) followed a long way behind the leaders.

Oman was also the fastest growing in terms of the platinum ores and concentrates imports, with a CAGR of +X% from 2007 to 2017. At the same time, Lebanon (+X%) and Bahrain (+X%) displayed positive paces of growth. By contrast, Israel (-X%) illustrated a downward trend over the same period. Israel (X%) significantly strengthened its position in terms of the global imports, while Bahrain, Lebanon and Oman saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, Oman ($X) constitutes the largest market for imported platinum ores and concentrates in Middle East, making up X% of global imports. The second position in the ranking was occupied by Lebanon ($X), with a X% share of global imports. It was followed by Israel, with a X% share.

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

Platinum Ore Import Prices by Country in Middle East

In 2017, the platinum ore import price in Middle East amounted to $X per kg, growing by X% against the previous year. The platinum ore import price continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2012, when it surged by X% against the previous year. The level of import price peaked of $X per kg in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Lebanon ($X per kg), while Israel ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Lebanon (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform