United Arab Emirates: Pyrites Market 2024

Pyrites Market Size in the United Arab Emirates

The pyrites market in the United Arab Emirates stood at $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of 6.8% against the previous year. Pyrites consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pyrites Production in the United Arab Emirates

In value terms, pyrites production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pyrites Exports

Exports from the United Arab Emirates

Pyrites exports from the United Arab Emirates amounted to X tons in 2022, standing approx. at the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 702%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pyrites exports totaled $X in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of 735%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Oman (X tons) were the main destinations of pyrites exports from the United Arab Emirates.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +106.1%).

In value terms, South Africa ($X) emerged as the key foreign market for pyrites exports from the United Arab Emirates, comprising 72% of total exports. The second position in the ranking was taken by Oman ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa totaled +62.7%.

Export Prices by Country

The average pyrites export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Oman stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+25.1%), while the prices for the other major destinations experienced mixed trend patterns.

Pyrites Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of pyrites were imported into the United Arab Emirates; rising by 3.8% compared with the previous year's figure. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by 893%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, pyrites imports reached $X in 2022. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 142%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and India (X tons) were the main suppliers of pyrites imports to the United Arab Emirates, with a combined 89% share of total imports. The United States and the UK lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +77.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pyrites to the United Arab Emirates, comprising 69% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by the UK, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.4% per year) and the UK (+74.7% per year).

Import Prices by Country

The average pyrites import price stood at $X per ton in 2022, which is down by -2.8% against the previous year. Overall, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 369%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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