GCC: Antimony Market 2024

Antimony Market Size in GCC

In 2022, the GCC antimony market decreased by X% to $X, falling for the fourth year in a row after four years of growth. In general, consumption, however, continues to indicate buoyant growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Antimony Production in GCC

In value terms, antimony production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Antimony Exports

Exports in GCC

In 2022, exports of antimony in GCC surged to X tons, with an increase of X% against the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, antimony exports soared to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Oman (X tons) represented the main exporter of antimony in GCC, achieving X% of total export.

Oman was also the fastest-growing in terms of the antimony exports, with a CAGR of X% from 2012 to 2022. Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Oman stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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.

Antimony Imports

Imports in GCC

In 2022, overseas purchases of antimony were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, antimony imports soared to $X in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Oman prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total imports. The following importers - Qatar (X tons) and Bahrain (X tons) - together made up X% of total imports.

Oman was also the fastest-growing in terms of the antimony imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. Qatar experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Oman, antimony imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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