United Arab Emirates: Steatite Market 2021

Steatite Market Size in the United Arab Emirates

The steatite market in the United Arab Emirates was estimated at $X in 2019, picking up by X% 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). In general, consumption, however, recorded a mild slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Steatite consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Steatite Exports

Exports from the United Arab Emirates

Steatite exports from the United Arab Emirates declined dramatically to X tons in 2019, which is down by -X% against 2018 figures. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. From 2009 to 2019, the growth exports failed to regain the momentum.

In value terms, steatite exports stood at $X in 2019. Over the period under review, exports saw a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for steatite exports from the United Arab Emirates, with a X% share of total exports. Moreover, steatite exports to India exceeded the volume sent to the second major destination, Seychelles (X tons), threefold. The third position in this ranking was occupied by Ghana (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+X% per year) and Ghana (+X% per year).

In value terms, India ($X) emerged as the key foreign market for steatite exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Seychelles ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

From 2007 to 2019, the average annual growth rate of value to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+X% per year) and Kenya (-X% per year).

Export Prices by Country

The average steatite export price stood at $X per ton in 2019, growing by X% against the previous year. Overall, the export price enjoyed a prominent expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced a decline.

Steatite Imports

Imports into the United Arab Emirates

Steatite imports into the United Arab Emirates stood at X tons in 2019, surging by X% against the previous year. Overall, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, steatite imports totaled $X in 2019. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, India (X tons) constituted the largest supplier of steatite to the United Arab Emirates, accounting for a X% share of total imports. Moreover, steatite imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was occupied by China (X tons), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from India totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

In value terms, Italy ($X), India ($X) and China ($X) appeared to be the largest steatite suppliers to the United Arab Emirates, with a combined X% share of total imports.

China (+X% per year) recorded the highest rates of growth with regard to 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

The average steatite import price stood at $X per ton in 2019, increasing by X% against the previous year. Overall, import price indicated strong growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, steatite import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2019 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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