Middle East: Quicklime Market 2024

Quicklime Market Size in the Middle East

In 2022, the Middle Eastern quicklime market was finally on the rise to reach $X after two years of decline. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -19.4% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Quicklime Production in the Middle East

In value terms, quicklime production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 68% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Quicklime Exports

Exports in the Middle East

In 2022, approx. X tons of quicklime were exported in the Middle East; shrinking by -15.4% compared with 2021. In general, exports, however, continue to indicate measured growth. The growth pace was the most rapid in 2019 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank remarkably in the following year.

In value terms, quicklime exports shrank to $X in 2022. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 62%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

The United Arab Emirates (X tons) and Oman (X tons) dominates exports structure, together making up 74% of total exports. Turkey (X tons) ranks next in terms of the total exports with a 10% share, followed by Saudi Arabia (9.9%). Iran (X tons) and Israel (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +46.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Oman ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 81% share of total exports.

In terms of the main exporting countries, Oman, with a CAGR of +46.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of 3.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+5.0%), while the other leaders experienced more modest paces of growth.

Quicklime Imports

Imports in the Middle East

In 2022, approx. X tons of quicklime were imported in the Middle East; dropping by -5.4% compared with 2021 figures. Overall, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 80% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, quicklime imports stood at $X in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 87% against the previous year. 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

Oman represented the main importing country with an import of about X tons, which accounted for 53% of total imports. It was distantly followed by Bahrain (X tons) and Palestine (X tons), together mixing up a 38% share of total imports. The following importers - Jordan (X tons), Israel (X tons), Kuwait (X tons) and Qatar (X tons) - each resulted at an 8.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +59.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest quicklime importing markets in the Middle East were Oman ($X), Bahrain ($X) and Palestine ($X), with a combined 87% share of total imports.

Among the main importing countries, Oman, with a CAGR of +53.9%, saw 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, increasing by 8.2% against the previous year. In general, the import price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2019 an increase of 14% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Jordan ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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