United Arab Emirates - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnesite Price in the United Arab Emirates - 2021
Contents:
- Magnesite Price in the United Arab Emirates (CIF) - 2022
- Magnesite Price in the United Arab Emirates (FOB) - 2022
- Magnesite Imports in the United Arab Emirates
- Magnesite Exports in the United Arab Emirates
Magnesite Price in the United Arab Emirates (CIF) - 2022
The average magnesite import price stood at $266 per ton in 2022, dropping by -13% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $334 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,439 per ton), while the price for Turkey ($150 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Magnesite Price in the United Arab Emirates (FOB) - 2022
In 2022, the average magnesite export price amounted to $330 per ton, shrinking by -6.8% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 29%. As a result, the export price reached the peak level of $1,264 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($999 per ton), while the average price for exports to India totaled $280 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-9.6%).
Magnesite Imports in the United Arab Emirates
In 2022, supplies from abroad of magnesite increased by 27% to 87 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a pronounced descent.
In value terms, magnesite imports rose remarkably to $23K in 2022. Over the period under review, imports, however, recorded a drastic downturn.
| Import of Magnesite in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 10.8 | 13.2 | 9.8 | 11.8 | 3.0% |
| India | 14.1 | 5.6 | 2.7 | 7.0 | -20.8% |
| Greece | 2.0 | 1.8 | 1.0 | 1.5 | -9.1% |
| Italy | 1.8 | 1.5 | 0.6 | 0.3 | -45.0% |
| Others | 2.2 | 3.5 | 6.9 | 2.6 | 5.7% |
| Total | 31.0 | 25.5 | 21.0 | 23.2 | -9.2% |
Top Suppliers of Magnesite to the United Arab Emirates in 2022:
- Turkey (78.8 tons)
- India (4.9 tons)
- Greece (1.8 tons)
- Italy (0.4 tons)
Magnesite Exports in the United Arab Emirates
In 2022, exports of magnesite from the United Arab Emirates fell notably to 5.9K tons, with a decrease of -19.5% compared with 2021 figures. Over the period under review, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 107% against the previous year. As a result, the exports reached the peak of 7.4K tons, and then dropped rapidly in the following year.
In value terms, magnesite exports shrank remarkably to $2M in 2022. In general, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 100%. As a result, the exports reached the peak of $2.6M, and then fell remarkably in the following year.
| Export of Magnesite in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,568 | 1,118 | 2,096 | 1,571 | 0.1% |
| Oman | 120 | 113 | 416 | 312 | 37.5% |
| Others | 126 | 74.6 | 94.4 | 73.8 | -16.3% |
| Total | 1,813 | 1,306 | 2,607 | 1,956 | 2.6% |
Top Export Markets for Magnesite from the United Arab Emirates in 2022:
- India (5.6K tons)
- Oman (0.3K tons)
This report provides an in-depth analysis of the magnesite market in the United Arab Emirates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- UNCode 16390-1 - Magnesite
Country coverage:
- United Arab Emirates
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the United Arab Emirates
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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