United Arab Emirates: Bismuth Market 2022

Bismuth Market Size in the United Arab Emirates

The bismuth market in the United Arab Emirates reduced markedly to $X in 2021, declining by -95.3% 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). Overall, consumption recorded a precipitous contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Bismuth Exports

Exports from the United Arab Emirates

In 2021, approx. X kg of bismuth were exported from the United Arab Emirates; which is down by -49.3% against 2020 figures. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 186% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2020, and then fell markedly in the following year.

In value terms, bismuth exports shrank rapidly to $X in 2021. Over the period under review, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Iran (X kg) was the main destination for bismuth exports from the United Arab Emirates, with a 63% share of total exports. Moreover, bismuth exports to Iran exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+25.4% per year) and India (+20.4% per year).

In value terms, Saudi Arabia ($X), India ($X) and Iran ($X) appeared to be the largest markets for bismuth exported from the United Arab Emirates worldwide, together comprising 99% of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bismuth export price stood at $X per ton in 2021, jumping by 66% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 418% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Iran ($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 Iran (+5.0%), while the prices for the other major destinations experienced a decline.

Bismuth Imports

Imports into the United Arab Emirates

After two years of growth, supplies from abroad of bismuth decreased by -82.8% to X kg in 2021. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by 284%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bismuth imports dropped notably to $X in 2021. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X kg) was the main bismuth supplier to the United Arab Emirates, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +13.5%.

In value terms, the United States ($X) constituted the largest supplier of bismuth to the United Arab Emirates, comprising 99.9% of total imports. The second position in the ranking was held by Germany ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +3.3%.

Import Prices by Country

The average bismuth import price stood at $X per ton in 2021, with an increase of 28% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 136% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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