Middle East: Pre-Coated Aggregates Market 2024

Pre-Coated Aggregates Market Size in the Middle East

In 2022, the Middle Eastern pre-coated aggregates market increased by 5% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, faced a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pre-Coated Aggregates Production in the Middle East

In value terms, pre-coated aggregates production reduced to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 113% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Pre-Coated Aggregates Exports

Exports in the Middle East

For the third year in a row, the Middle East recorded growth in shipments abroad of pre-coated aggregates, which increased by 2.5% to X tons in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 9,296%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, pre-coated aggregates exports stood at $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 7,836%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was near 97% of total exports in 2022. Turkey (X tons) took a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the pre-coated aggregates exports, with a CAGR of +103.9% from 2012 to 2022. Turkey (-43.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Turkey increased by +75 and +3.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest pre-coated aggregates supplier in the Middle East, comprising 98% of total exports. The second position in the ranking was taken by Turkey ($X), with a 2.3% share of total exports.

In the United Arab Emirates, pre-coated aggregates exports increased at an average annual rate of +50.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, remaining stable against the previous year. In general, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 78%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.9%).

Pre-Coated Aggregates Imports

Imports in the Middle East

In 2022, purchases abroad of pre-coated aggregates increased by 13% to X tons, rising for the seventh year in a row after three years of decline. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 88%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, pre-coated aggregates imports shrank to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 130% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Oman (X tons) was the largest importer of pre-coated aggregates, making up 61% of total imports. It was distantly followed by Kuwait (X tons), mixing up a 32% share of total imports. Iraq (X tons) and Qatar (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of +54.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Oman ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 82% of total imports.

In terms of the main importing countries, Oman, with a CAGR of +54.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, waning by -12.3% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 43%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+10.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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