Middle East: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in the Middle East

The Middle Eastern market for refractory products of siliceous or diatomite earths expanded remarkably to $X in 2021, surging by 6.1% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in the Middle East

In value terms, production of refractory products of siliceous or diatomite earths contracted modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 44% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports in the Middle East

In 2021, overseas shipments of refractory products of siliceous or diatomite earths increased by 80% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 108% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2019 when exports increased by 139%. Over the period under review, the exports of reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the main exporter of refractory products of siliceous or diatomite earths, achieving 72% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 15% share, followed by Oman (8.3%). Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to refractory products of siliceous or diatomite earths exports from Turkey stood at +51.3%. At the same time, Oman (+54.1%), Saudi Arabia (+32.9%) and the United Arab Emirates (+15.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +54.1% from 2012-2021. Turkey (+63 p.p.), Oman (+7.4 p.p.) and Saudi Arabia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -7.4% from 2012 to 2021, respectively.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Oman ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 92% of total exports.

Oman, with a CAGR of +47.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, rising by 4.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 74% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($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 (+3.4%), while the other leaders experienced a decline in the export price figures.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports in the Middle East

Imports of refractory products of siliceous or diatomite earths surged to X tons in 2021, with an increase of 26% compared with the previous year's figure. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 596% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. In general, imports saw strong growth. The growth pace was the most rapid in 2017 when imports increased by 254%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia prevails in earths structure, resulting at X tons, which was near 85% of total imports in 2021. It was distantly followed by Qatar (X tons), constituting a 6.2% share of total imports. The following importers - Yemen (X tons) and Oman (X tons) - each finished at a 3.8% share of total imports.

Saudi Arabia was also the fastest-growing in terms of the refractory products of siliceous or diatomite earths imports, with a CAGR of +25.7% from 2012 to 2021. At the same time, Qatar (+11.5%), Oman (+5.7%) and Yemen (+3.3%) displayed positive paces of growth. While the share of Saudi Arabia (+50 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Oman (-1.8 p.p.) and Yemen (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported refractory products of siliceous or diatomite earths in the Middle East, comprising 79% of total imports. The second position in the ranking was held by Qatar ($X), with a 6.7% share of total imports. It was followed by Oman, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +19.6%. In the other countries, the average annual rates were as follows: Qatar (+9.0% per year) and Oman (+6.5% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 5.2% against the previous year. In general, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 112%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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 Qatar ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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