United Arab Emirates: Oxides And Hydroxides Market 2024

Oxides And Hydroxides Market Size in the United Arab Emirates

The oxides and hydroxides market in the United Arab Emirates soared to $X in 2021, picking up by 74% 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 enjoyed resilient growth. Oxides and hydroxides consumption peaked in 2021 and is expected to retain growth in the immediate term.

Oxides And Hydroxides Exports

Exports from the United Arab Emirates

Oxides and hydroxides exports from the United Arab Emirates was estimated at X tons in 2021, standing approx. at the previous year. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 35%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, oxides and hydroxides exports contracted significantly to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 93% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons), Angola (X tons) and Pakistan (X tons) were the main destinations of oxides and hydroxides exports from the United Arab Emirates, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +96.3%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Pakistan ($X) and Myanmar ($X) constituted the largest markets for oxides and hydroxides exported from the United Arab Emirates worldwide, together accounting for 78% of total exports.

Pakistan, with a CAGR of +74.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average oxides and hydroxides export price amounted to $X per ton, reducing by -35.7% against the previous year. In general, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 75% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Myanmar ($X per ton), while the average price for exports to Angola ($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 (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Oxides And Hydroxides Imports

Imports into the United Arab Emirates

In 2021, the amount of chromium, manganese, lead and copper oxides and hydroxides imported into the United Arab Emirates surged to X tons, picking up by 46% compared with the previous year's figure. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 101%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, oxides and hydroxides imports surged to $X in 2021. In general, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of oxides and hydroxides to the United Arab Emirates, accounting for a 44% share of total imports. Moreover, oxides and hydroxides imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.9% per year) and South Korea (+64.5% per year).

In value terms, India ($X), the United States ($X) and the Netherlands ($X) constituted the largest oxides and hydroxides suppliers to the United Arab Emirates, with a combined 84% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +44.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oxides and hydroxides import price stood at $X per ton in 2021, with an increase of 23% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2013 an increase of 26%. 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.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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