United Arab Emirates: Magnesium Market 2025

Magnesium Market Size in the United Arab Emirates

The magnesium market in the United Arab Emirates skyrocketed to $X in 2021, with an increase of 186% 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 showed a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Magnesium Exports

Exports from the United Arab Emirates

Magnesium exports from the United Arab Emirates skyrocketed to X tons in 2021, with an increase of 154% on the previous year's figure. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 705% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, magnesium exports soared to $X in 2021. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 573%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

India (X tons) was the main destination for magnesium exports from the United Arab Emirates, with a 82% share of total exports. Moreover, magnesium exports to India exceeded the volume sent to the second major destination, Iran (X tons), tenfold. The third position in this ranking was held by Yemen (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+12.7% per year) and Yemen (0.0% per year).

In value terms, India ($X) remains the key foreign market for magnesium exports from the United Arab Emirates, comprising 68% of total exports. The second position in the ranking was taken by Iran ($X), with a 12% share of total exports. It was followed by Oman, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+10.9% per year) and Oman (+4.9% per year).

Export Prices by Country

The average magnesium export price stood at $X per ton in 2021, falling by -21.5% against the previous year. Overall, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 9.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Yemen ($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 (+3.4%), while the prices for the other major destinations experienced a decline.

Magnesium Imports

Imports into the United Arab Emirates

Magnesium imports into the United Arab Emirates surged to X tons in 2021, rising by 96% compared with 2020 figures. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports soared to $X in 2021. Overall, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of magnesium to the United Arab Emirates, with a 96% share of total imports. It was followed by Israel (X tons), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.1%.

In value terms, China ($X) constituted the largest supplier of magnesium to the United Arab Emirates, comprising 93% of total imports. The second position in the ranking was taken by Israel ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.7%.

Import Prices by Country

The average magnesium import price stood at $X per ton in 2021, picking up by 92% against the previous year. Over the period under review, the import price enjoyed measured growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Israel ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%).

Source: IndexBox Platform

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