Middle East: Explosives Market 2024

Explosives Market Size in the Middle East

The Middle Eastern explosives market contracted sharply to $X in 2021, waning by -16.3% against the previous year. Overall, consumption continues to indicate a mild reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Explosives Production in the Middle East

In value terms, explosives production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16%. The level of production peaked at $X in 2020, and then dropped in the following year.

Explosives Exports

Exports in the Middle East

In 2021, shipments abroad of prepared explosives increased by 97% to X tons, rising for the second year in a row after six years of decline. In general, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, explosives exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Israel (X tons) and Turkey (X tons) were the main exporters of prepared explosives in the Middle East, together creating 78% of total exports. It was distantly followed by Saudi Arabia (X tons), comprising a 20% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +46.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

Saudi Arabia, with a CAGR of +6.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, falling by -18% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2017 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.4%), while the other leaders experienced a decline in the export price figures.

Explosives Imports

Imports in the Middle East

In 2021, overseas purchases of prepared explosives decreased by -13% to X tons, falling for the third year in a row after two years of growth. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 92% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, explosives imports dropped markedly to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -40.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 51%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Syrian Arab Republic (X tons), distantly followed by Iraq (X tons), Oman (X tons), Turkey (X tons), Bahrain (X tons), Israel (X tons) and Kuwait (X tons) represented the major importers of prepared explosives, together achieving 88% of total imports.

From 2012 to 2021, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +51.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Kuwait ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2021, with a combined 56% share of total imports. These countries were followed by Israel, Syrian Arab Republic, Bahrain and Iraq, which together accounted for a further 17%.

In terms of the main importing countries, Syrian Arab Republic, with a CAGR of +18.7%, recorded the highest growth rate of 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 2021, declining by -13.4% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 100%. The level of import peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Iraq ($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 (+26.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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