United Arab Emirates: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in the United Arab Emirates

The platinum catalysts market in the United Arab Emirates fell modestly to $X in 2022, which is down by -1.5% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Platinum Catalysts Production in the United Arab Emirates

In value terms, platinum catalysts production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12%. Platinum catalysts production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Platinum Catalysts Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of platinum catalysts increased by 100% to X kg for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of 8,395% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, platinum catalysts exports contracted to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 7,910% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sudan (X kg) was the main destination for platinum catalysts exports from the United Arab Emirates, accounting for a 83% share of total exports. Moreover, platinum catalysts exports to Sudan exceeded the volume sent to the second major destination, Tanzania (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Sudan stood at +19.6%.

In value terms, Sudan ($X) emerged as the key foreign market for platinum catalysts exports from the United Arab Emirates, comprising 61% of total exports. The second position in the ranking was held by Tanzania ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sudan amounted to +29.0%.

Export Prices by Country

The average platinum catalysts export price stood at $X per ton in 2022, declining by -50.7% against the previous year. Over the period under review, the export price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 765% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Tanzania totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+493.2%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Catalysts Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of platinum catalysts increased by 212% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 342%. As a result, imports reached the peak of X kg. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, platinum catalysts imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 654% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest platinum catalysts supplier to the United Arab Emirates, accounting for a 74% share of total imports. Moreover, platinum catalysts imports from Germany exceeded the figures recorded by the second-largest supplier, China (X kg), sixfold. Austria (X kg) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.8% per year) and Austria (-6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of platinum catalysts to the United Arab Emirates, comprising 64% of total imports. The second position in the ranking was taken by Austria ($X), with an 8.8% share of total imports. It was followed by India, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+0.0% per year) and India (-15.5% per year).

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per ton, waning by -14.8% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 144% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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