Middle East: Steatite Market 2021

Steatite Market Size in the Middle East

The Middle Eastern steatite market reduced to $X in 2019, waning by -X% against the previous year. The total consumption indicated slight growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2018, and then reduced in the following year.

Steatite Production in the Middle East

In value terms, steatite production skyrocketed to $X in 2015 estimated in export prices. Overall, production, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2009 to 2015, production growth remained at a lower figure.

Production By Country in the Middle East

Iran (X kg) remains the largest steatite producing country in the Middle East, comprising approx. X% of total volume.

From 2007 to 2015, the average annual growth rate of volume in Iran was relatively modest.

Steatite Exports

Exports in the Middle East

In 2019, overseas shipments of steatites decreased by -X% to X tons for the first time since 2016, thus ending a two-year rising trend. Total exports indicated modest growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, steatite exports reduced to $X in 2019. Total exports indicated a resilient increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; afterwards, it flattened through to 2019.

Exports by Country

Turkey was the key exporter of steatites in the Middle East, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2019. Saudi Arabia (X tons) occupied the second position in the ranking, distantly followed by Iran (X tons). All these countries together held approx. X% share of total exports. Israel (X tons) occupied a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to steatite exports from Turkey stood at +X%. At the same time, Israel (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2019. By contrast, Iran (-X%) and Saudi Arabia (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Turkey and Israel increased by +X% and +X% percentage points, while Iran (-X p.p.) and Saudi Arabia (-X p.p.) saw their share reduced.

In value terms, Turkey ($X) remains the largest steatite supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

In Turkey, steatite exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and Israel (+X% per year).

Export Prices by Country

In 2019, the steatite export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Export price indicated notable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, steatite export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. From 2013 to 2019, the growth in terms of the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Steatite Imports

Imports in the Middle East

In 2019, imports of steatites in the Middle East declined slightly to X tons, shrinking by -X% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then contracted slightly in the following year.

In value terms, steatite imports shrank modestly to $X in 2019. Total imports indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2018, and then shrank slightly in the following year.

Imports by Country

Saudi Arabia (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Israel (X tons) represented roughly X% of total imports of steatites in 2019. The following importers - Yemen (X tons), Oman (X tons) and Jordan (X tons) - each finished at a X% share of total imports.

From 2007 to 2019, the biggest increases were in Saudi Arabia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steatite importing markets in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), with a combined X% share of total imports.

Saudi Arabia saw the highest rates of growth with regard to the value of imports, in terms of 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

The steatite import price in the Middle East stood at $X per ton in 2019, with an increase of X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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