United Arab Emirates: Roasted Iron Pyrites Market 2024

Roasted Iron Pyrites Market Size in the United Arab Emirates

In 2021, the roasted iron pyrites market in the United Arab Emirates increased by 5.7% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption showed a buoyant increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Roasted Iron Pyrites Production in the United Arab Emirates

In value terms, roasted iron pyrites production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Roasted Iron Pyrites Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of roasted iron pyrites decreased by -18% to X kg, falling for the fifth consecutive year after three years of growth. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 252%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, roasted iron pyrites exports declined to $X in 2021. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 409% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iraq (X kg) was the main destination for roasted iron pyrites exports from the United Arab Emirates, accounting for a 67% share of total exports. Moreover, roasted iron pyrites exports to Iraq exceeded the volume sent to the second major destination, Oman (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq stood at -8.2%.

In value terms, Iraq ($X) remains the key foreign market for roasted iron pyrites exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was taken by Oman ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq stood at -5.8%.

Export Prices by Country

The average roasted iron pyrites export price stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 157% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Oman totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+60.9%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Iron Pyrites Imports

Imports into the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded growth in overseas purchases of roasted iron pyrites, which increased by 19% to X tons in 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 4,826%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, roasted iron pyrites imports fell to $X in 2021. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 2,475%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest roasted iron pyrites supplier to the United Arab Emirates, with a 64% share of total imports. Moreover, roasted iron pyrites imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+155.8% per year) and Germany (0.0% per year).

In value terms, China ($X) constituted the largest supplier of roasted iron pyrites to the United Arab Emirates, comprising 56% of total imports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +80.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.2% per year) and Germany (0.0% per year).

Import Prices by Country

The average roasted iron pyrites import price stood at $X per ton in 2021, reducing by -22.7% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 50%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-23.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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