Middle East: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in the Middle East

In 2021, the Middle Eastern silicon dioxide market decreased by -4.3% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Silicon Dioxide Production in the Middle East

In value terms, silicon dioxide production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 29%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Silicon Dioxide Exports

Exports in the Middle East

In 2021, after three years of decline, there was significant growth in overseas shipments of silicon dioxide, when their volume increased by 62% to X tons. In general, exports saw a measured increase. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon dioxide exports surged to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the major exporting country with an export of around X tons, which resulted at 82% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a 17% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silicon dioxide exports from Turkey stood at +4.6%. At the same time, the United Arab Emirates (+9.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +9.6% from 2012-2021. The United Arab Emirates (+6.3 p.p.) and Turkey (+3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest silicon dioxide supplier in the Middle East, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.7% share of total exports.

In Turkey, silicon dioxide exports expanded at an average annual rate of +2.1% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, growing by 3.7% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2018 when the export price increased by 9.3%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-2.4%).

Silicon Dioxide Imports

Imports in the Middle East

Silicon dioxide imports dropped remarkably to X tons in 2021, waning by -36.4% against the year before. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 121% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, silicon dioxide imports declined to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 28% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) was the main importer of silicon dioxide, achieving 47% of total imports. Turkey (X tons) ranks second in terms of the total imports with an 18% share, followed by the United Arab Emirates (15%) and Qatar (10%). The following importers - Oman (X tons) and Israel (X tons) - together made up 4.8% of total imports.

Saudi Arabia was also the fastest-growing in terms of the silicon dioxide imports, with a CAGR of +16.8% from 2012 to 2021. At the same time, the United Arab Emirates (+4.6%) and Turkey (+3.9%) displayed positive paces of growth. By contrast, Qatar (-1.5%), Israel (-7.2%) and Oman (-11.5%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+29 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-1.8 p.p.), Israel (-3.2 p.p.), Qatar (-8.1 p.p.) and Oman (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 87% of total imports.

The United Arab Emirates, with a CAGR of +8.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, growing by 47% against the previous year. Overall, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 91% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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