GCC: Market for Antimony and Articles Thereof 2024

Market Size for Antimony and Articles Thereof in GCC

In 2022, the GCC antimony and articles thereof market increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Antimony and Articles Thereof in GCC

In value terms, antimony and articles thereof production surged to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Antimony and Articles Thereof

Exports in GCC

In 2022, after three years of growth, there was significant decline in overseas shipments of antimony and articles thereof, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped dramatically in the following year.

In value terms, antimony and articles thereof exports shrank dramatically to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The level of export peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

The biggest shipments were from Oman (X tons), together reaching X% of total export.

Oman was also the fastest-growing in terms of the antimony and articles thereof exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Oman increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) also remains the largest antimony and articles thereof supplier in GCC.

In Oman, antimony and articles thereof exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price faced a abrupt downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to X% per year.

Imports of Antimony and Articles Thereof

Imports in GCC

In 2022, the amount of antimony and articles thereof imported in GCC soared to X tons, picking up by X% against 2021 figures. Over the period under review, imports, however, showed a slight decline. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, antimony and articles thereof imports skyrocketed to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Bahrain was the main importing country with an import of about X kg, which finished at X% of total imports. Oman (X kg) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). Saudi Arabia (X kg) took a relatively small share of total imports.

Bahrain was also the fastest-growing in terms of the antimony and articles thereof imports, with a CAGR of X% from 2012 to 2022. Oman (X%), the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Bahrain (X p.p.), Oman (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported antimony and articles thereof in GCC, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with an X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, jumping by X% against the previous year. In general, the import price enjoyed a modest increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :