GCC: Expanded Clays Market 2024

Expanded Clays Market Size in GCC

In 2022, the GCC expanded clays market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a noticeable slump. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Expanded Clays Production in GCC

In value terms, expanded clays production reduced slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Expanded Clays Exports

Exports in GCC

In 2022, overseas shipments of exfoliated vermiculite, expanded clays and foamed slag increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, expanded clays exports soared to $X in 2022. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of exfoliated vermiculite, expanded clays and foamed slag, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the exfoliated vermiculite, expanded clays and foamed slag exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest expanded clays supplier in GCC.

In the United Arab Emirates, expanded clays exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

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

Expanded Clays Imports

Imports in GCC

In 2022, overseas purchases of exfoliated vermiculite, expanded clays and foamed slag decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports, however, posted buoyant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, expanded clays imports dropped slightly to $X in 2022. In general, imports, however, enjoyed tangible growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of exfoliated vermiculite, expanded clays and foamed slag, namely Bahrain, the United Arab Emirates, Oman and Kuwait, represented more than two-thirds of total import. It was distantly followed by Qatar (X tons), achieving an X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported exfoliated vermiculite, expanded clays and foamed slag in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

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

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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