United Arab Emirates: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in the United Arab Emirates

The articles of zinc market in the United Arab Emirates skyrocketed to $X in 2021, rising by 65% against the previous year. Over the period under review, consumption enjoyed buoyant growth. Articles of zinc consumption peaked in 2021 and is expected to retain growth in years to come.

Articles Of Zinc Production in the United Arab Emirates

In value terms, articles of zinc production dropped modestly to $X in 2021 estimated in export price. In general, production saw a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 210% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Articles Of Zinc Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of articles of zinc decreased by -33.5% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of 609% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, articles of zinc exports contracted to $X in 2021. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 458% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for articles of zinc exports from the United Arab Emirates, with a 74% share of total exports. Moreover, articles of zinc exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. Kuwait (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+2.2% per year) and Kuwait (+20.0% per year).

In value terms, Oman ($X) remains the key foreign market for articles of zinc exports from the United Arab Emirates, comprising 73% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Kuwait, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1.5% per year) and Kuwait (+25.1% per year).

Export Prices by Country

The average articles of zinc export price stood at $X per ton in 2021, picking up by 30% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, articles of zinc export price increased by +94.1% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 48%. The export price peaked 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 Kuwait ($X per ton), while the average price for exports to Indonesia ($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 Oman (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of articles of zinc were imported into the United Arab Emirates; picking up by 55% compared with the previous year's figure. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, articles of zinc imports skyrocketed to $X in 2021. Overall, imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of 91% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest articles of zinc supplier to the United Arab Emirates, accounting for a 39% share of total imports. Moreover, articles of zinc imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Oman (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.2% per year) and Oman (+16.7% per year).

In value terms, China ($X) constituted the largest supplier of articles of zinc to the United Arab Emirates, comprising 35% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.8% per year) and Germany (-4.1% per year).

Import Prices by Country

The average articles of zinc import price stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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