GCC: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in GCC

In 2023, after five years of decline, there was significant growth in the GCC market for chromium, manganese, lead and copper oxides and hydroxides, when its value increased by X% to $X. Over the period under review, consumption, however, saw a measured increase. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in GCC

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides reduced to $X in 2023 estimated in export price. Overall, production saw a slight contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports in GCC

In 2023, overseas shipments of chromium, manganese, lead and copper oxides and hydroxides were finally on the rise to reach X tons after two years of decline. Overall, exports enjoyed mild growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides expanded rapidly to $X in 2023. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in hydroxides structure, resulting at X tons, which was approx. X% of total exports in 2023. Kuwait (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the chromium, manganese, lead and copper oxides and hydroxides exports, with a CAGR of X% from 2012 to 2023. Kuwait (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Kuwait saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) remains the largest chromium, manganese, lead and copper oxide and hydroxide supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, exports of chromium, manganese, lead and copper oxides and hydroxides increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price saw a deep reduction. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%).

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports in GCC

After two years of growth, purchases abroad of chromium, manganese, lead and copper oxides and hydroxides decreased by X% to X tons in 2023. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides soared to $X in 2023. In general, imports, however, continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the largest importer of chromium, manganese, lead and copper oxides and hydroxides, generating X% of total imports. It was distantly followed by Saudi Arabia (X tons), comprising a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the chromium, manganese, lead and copper oxides and hydroxides imports, with a CAGR of X% from 2012 to 2023. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points.

In value terms, the largest chromium, manganese, lead and copper oxide and hydroxide importing markets in GCC were the United Arab Emirates ($X) and Saudi Arabia ($X).

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Source: IndexBox Platform