United Arab Emirates: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in the United Arab Emirates

The double or complex silicates market in the United Arab Emirates skyrocketed to $X in 2021, picking up by 55% 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 saw a relatively flat trend pattern. Double or complex silicates consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Double Or Complex Silicates

Exports from the United Arab Emirates

Double or complex silicates exports from the United Arab Emirates stood at X tons in 2021, with an increase of 7.6% against 2020 figures. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 722% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, double or complex silicates exports rose sharply to $X in 2021. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 323% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), Ethiopia (X tons) and Iraq (X tons) were the main destinations of double or complex silicates exports from the United Arab Emirates, together comprising 71% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +271.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Bahrain ($X) and Ethiopia ($X) were the largest markets for double or complex silicates exported from the United Arab Emirates worldwide.

Among the main countries of destination, Bahrain, with a CAGR of +296.3%, saw the highest growth rate of 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

In 2021, the average double or complex silicates export price amounted to $X per ton, rising by 3.1% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Oman ($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 Bahrain (+40.3%), while the prices for the other major destinations experienced a decline.

Imports of Double Or Complex Silicates

Imports into the United Arab Emirates

In 2021, after two years of decline, there was significant growth in purchases abroad of double or complex silicates, when their volume increased by 60% to X tons. Overall, imports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2018 with an increase of 269% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, double or complex silicates imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 113%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of double or complex silicates imports to the United Arab Emirates, together accounting for 77% of total imports. Germany, France, Turkey, the United States, Spain, Italy and Japan lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +200.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates suppliers to the United Arab Emirates were France ($X), India ($X) and Germany ($X), together accounting for 55% of total imports.

France, with a CAGR of +232.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, which is down by -25% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 161% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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