GCC: Clay Market 2024

Clay Market Size in GCC

The GCC clay market reached $X in 2023, with an increase of X% against the previous year. The total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Clay Production in GCC

In value terms, clay production amounted to $X in 2023 estimated in export price. The total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Clay Exports

Exports in GCC

In 2023, exports of clays in GCC skyrocketed to X tons, growing by X% compared with 2022. Over the period under review, exports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, clay exports soared to $X in 2023. In general, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. Saudi Arabia (X tons) took the second position in the ranking, followed by Bahrain (X tons). All these countries together held near X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. The United Arab Emirates (X p.p.) and Bahrain (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, the United Arab Emirates ($X) remains the largest clay supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 export price figures.

Clay Imports

Imports in GCC

Clay imports declined modestly to X tons in 2023, which is down by X% against the year before. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, clay imports surged to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of clay imports in 2023 were Saudi Arabia (X tons), the United Arab Emirates (X tons) and Bahrain (X tons), together accounting for X% of total import. Oman (X tons) took the next position in the ranking, followed by Kuwait (X tons). All these countries together held approx. X% share of total imports. Qatar (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Bahrain ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Bahrain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform