United Arab Emirates: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in the United Arab Emirates

The ferro-cerium and pyrophoric alloys market in the United Arab Emirates contracted rapidly to $X in 2021, declining by -28.9% against the previous year. Over the period under review, consumption, however, recorded a measured increase. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in the United Arab Emirates

In value terms, ferro-cerium and pyrophoric alloys production declined remarkably to $X in 2021 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +46.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 92% against the previous year. As a result, production reached the peak level of $X, and then dropped rapidly in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from the United Arab Emirates

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys were finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons), Maldives (X tons) and the United States (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from the United Arab Emirates, together accounting for 60% 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 Maldives (with a CAGR of +222.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from the United Arab Emirates were Oman ($X), Maldives ($X) and Jordan ($X), with a combined 63% share of total exports.

Maldives, with a CAGR of +220.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2018 when the average export price increased by 34%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($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 Jordan (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into the United Arab Emirates

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys decreased by -48.6% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 136%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports amounted to $X in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.7% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 122% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to the United Arab Emirates, accounting for a 27% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+329.1% per year) and the UK (+0.3% per year).

In value terms, the Netherlands ($X), the UK ($X) and Lithuania ($X) appeared to be the largest ferro-cerium and pyrophoric alloys suppliers to the United Arab Emirates, with a combined 38% share of total imports.

The Netherlands, with a CAGR of +301.8%, saw 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 ferro-cerium and pyrophoric alloys import price amounted to $X per ton, picking up by 95% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ferro-cerium and pyrophoric alloys import price increased by +110.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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