United Arab Emirates: Antimony Oxides Market 2024

Antimony Oxides Market Size in the United Arab Emirates

The antimony oxides market in the United Arab Emirates contracted dramatically to $X in 2022, dropping by -33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Antimony Oxides Exports

Exports from the United Arab Emirates

In 2022, antimony oxides exports from the United Arab Emirates surged to X tons, picking up by 38% compared with the year before. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,842% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, antimony oxides exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,748% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Oman (X tons), India (X tons) and Saudi Arabia (X tons) were the main destinations of antimony oxides exports from the United Arab Emirates, together accounting for 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +99.8%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) remains the key foreign market for antimony oxides exports from the United Arab Emirates, comprising 66% of total exports. The second position in the ranking was held by India ($X), with a 22% share of total exports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Oman totaled +71.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+60.0% per year) and Saudi Arabia (+90.6% per year).

Export Prices by Country

In 2022, the average antimony oxides export price amounted to $X per ton, which is down by -10.3% against the previous year. In general, the export price, however, saw a modest expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.

Antimony Oxides Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of antimony oxides were imported into the United Arab Emirates; declining by -15.3% on the year before. Over the period under review, imports, however, posted a resilient increase. The growth pace was the most rapid in 2015 with an increase of 320% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, antimony oxides imports declined significantly to $X in 2022. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 185% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of antimony oxides to the United Arab Emirates, with a 41% share of total imports. Moreover, antimony oxides imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.5% per year) and Italy (+17.9% per year).

In value terms, China ($X) constituted the largest supplier of antimony oxides to the United Arab Emirates, comprising 44% of total imports. The second position in the ranking was held by India ($X), with a 19% share of total imports. It was followed by Spain, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.6% per year) and Spain (+31.3% per year).

Import Prices by Country

The average antimony oxides import price stood at $X per ton in 2022, waning by -14.4% against the previous year. In general, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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