United Arab Emirates: Silicates Market 2024

Silicates Market Size in the United Arab Emirates

In 2021, the silicates market in the United Arab Emirates decreased by -7.8% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, showed a resilient expansion. Silicates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Silicates Production in the United Arab Emirates

In value terms, silicates production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 93%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Silicates Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of silicates, commercial alkali metal silicates were exported from the United Arab Emirates; which is down by -11.3% on the year before. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 94%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, silicates exports fell to $X in 2021. Over the period under review, exports, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2020 with an increase of 89%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Sudan (X tons), Russia (X tons) and Iraq (X tons) were the main destinations of silicates exports from the United Arab Emirates, with a combined 4.5% share of total exports. These countries were followed by Oman, Bangladesh, India, Bahrain and Mauritius, which together accounted for a further 2.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of +6,008.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicates exported from the United Arab Emirates were Sudan ($X), Oman ($X) and India ($X), together accounting for 2% of total exports. Bahrain, Russia, Iraq, Bangladesh and Mauritius lagged somewhat behind, together accounting for a further 0.8%.

Among the main countries of destination, Mauritius, with a CAGR of +329.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicates export price stood at $X per ton in 2021, growing by 2% against the previous year. Overall, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of 129% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Iraq ($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 India (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Silicates Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of silicates, commercial alkali metal silicates decreased by -17.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 24%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, silicates imports soared to $X in 2021. In general, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.9% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 41%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Iran (X tons), Saudi Arabia (X tons) and Oman (X tons) were the main suppliers of silicates imports to the United Arab Emirates, with a combined 84% share of total imports. These countries were followed by India, Germany, Japan, Italy, the United States, China, Egypt and the Netherlands, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +225.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the United States ($X) were the largest silicates suppliers to the United Arab Emirates, with a combined 59% share of total imports.

Japan, with a CAGR of +190.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicates import price amounted to $X per ton, picking up by 61% against the previous year. Over the period under review, the import price posted a remarkable increase. The growth pace was the most rapid in 2020 when the average import price increased by 65% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain 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 Japan ($X per ton), while the price for Iran ($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 (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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