Report Update Nov 1, 2024

United Arab Emirates - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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United Arab Emirates: Magnesite Market 2024

Magnesite Market Size in the United Arab Emirates

The magnesite market in the United Arab Emirates declined significantly to $X in 2021, shrinking by -79.9% against the previous year. In general, consumption showed a dramatic downturn. Magnesite consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Magnesite Production in the United Arab Emirates

In value terms, magnesite production totaled $X in 2021 estimated in export price. Overall, production saw a drastic downturn. Magnesite production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Magnesite Exports

Exports from the United Arab Emirates

In 2021, magnesite exports from the United Arab Emirates skyrocketed to X tons, rising by 107% on 2020. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 350%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, magnesite exports surged to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 342%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

India (X tons) was the main destination for magnesite exports from the United Arab Emirates, accounting for a 95% share of total exports. Moreover, magnesite exports to India exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +46.3%.

In value terms, India ($X) remains the key foreign market for magnesite exports from the United Arab Emirates, comprising 80% of total exports. The second position in the ranking was held by Oman ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India stood at +31.8%.

Export Prices by Country

In 2021, the average magnesite export price amounted to $X per ton, with a decrease of -3.7% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-9.9%).

Magnesite Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of magnesite decreased by -28.1% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 444%. 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, magnesite imports dropped significantly to $X in 2021. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 363% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of magnesite to the United Arab Emirates, with a 90% share of total imports. Moreover, magnesite imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +65.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+12.5% per year) and India (-22.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of magnesite to the United Arab Emirates, comprising 47% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by Greece, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-17.4% per year) and Greece (+7.3% per year).

Import Prices by Country

In 2021, the average magnesite import price amounted to $X per ton, with an increase of 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 an increase of 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in the world?

China constituted the country with the largest volume of magnesite consumption, accounting for 37% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The third position in this ranking was occupied by the United Arab Emirates, with a 6.2% share.

What are the largest producers of magnesite in the world?

China constituted the country with the largest volume of magnesite production, comprising approx. 57% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey, fivefold. The third position in this ranking was occupied by Spain, with a 7.3% share.

What are the leading suppliers of magnesite to the United Arab Emirates?

In value terms, Pakistan constituted the largest supplier of magnesite to the United Arab Emirates, comprising 62% of total imports. The second position in the ranking was occupied by India, with a 24% share of total imports.

What are the leading importers of magnesite from the United Arab Emirates?

In value terms, India remains the key foreign market for magnesite exports from the United Arab Emirates.

What is the average export price for magnesite in the United Arab Emirates?

In 2020, the average magnesite export price amounted to $30 per ton, shrinking by -23.8% against the previous year.

What is the average import price for magnesite in the United Arab Emirates?

The average magnesite import price stood at $59 per ton in 2020, which is down by -66.9% against the previous year.

This report provides an in-depth analysis of the magnesite market in the United Arab Emirates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

UNCode 16390-1 - Magnesite

Country coverage:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023