United Arab Emirates: Alkali Metals Market 2024

Alkali Metals Market Size in the United Arab Emirates

In 2021, the alkali metals market in the United Arab Emirates increased by 84% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted a remarkable increase. Alkali metals consumption peaked in 2021 and is expected to retain growth in the immediate term.

Alkali Metals Production in the United Arab Emirates

In value terms, alkali metals production contracted slightly to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.1% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22% against the previous year. Alkali metals production peaked at $X in 2020, and then shrank modestly in the following year.

Alkali Metals Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury decreased by -20.7% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 227%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, alkali metals exports expanded to $X in 2021. Overall, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 333% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), India (X tons) and Togo (X tons) were the main destinations of alkali metals exports from the United Arab Emirates, together comprising 84% of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +13.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was held by Oman ($X), with a 10% share of total exports. It was followed by Togo, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+24.3% per year) and Togo (0.0% per year).

Export Prices by Country

The average alkali metals export price stood at $X per ton in 2021, with an increase of 31% against the previous year. In general, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 75%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+20.9%), while the prices for the other major destinations experienced mixed trend patterns.

Alkali Metals Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury increased by 57% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 423%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, alkali metals imports soared to $X in 2021. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 428%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Tajikistan (X tons) and the United States (X tons) were the main suppliers of alkali metals imports to the United Arab Emirates, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +307.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tajikistan ($X) constituted the largest supplier of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury to the United Arab Emirates, comprising 79% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by the United States, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from Tajikistan amounted to +276.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+46.3% per year) and the United States (-14.6% per year).

Import Prices by Country

The average alkali metals import price stood at $X per ton in 2021, increasing by 58% against the previous year. Over the period under review, the import price saw perceptible growth. The growth pace was the most rapid in 2013 an increase of 146%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Tajikistan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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