GCC: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in GCC

In 2023, after two years of growth, there was significant decline in the GCC ferro-silico-manganese market, when its value decreased by X% to $X. Over the period under review, consumption recorded a resilient expansion. Over the period under review, the market reached the peak level at $X in 2022, and then fell in the following year.

Ferro-Silico-Manganese Production in GCC

In value terms, ferro-silico-manganese production soared to $X in 2023 estimated in export price. Over the period under review, production continues to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked in 2023 and is likely to continue growth in years to come.

Ferro-Silico-Manganese Exports

Exports in GCC

In 2023, approx. X tons of ferro-silico-manganese were exported in GCC; increasing by X% on 2022 figures. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-silico-manganese exports skyrocketed to $X in 2023. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the major exporter of ferro-silico-manganese in GCC, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Saudi Arabia (X tons), comprising a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the ferro-silico-manganese exports, with a CAGR of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest ferro-silico-manganese supplying countries in GCC were Saudi Arabia ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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%).

Ferro-Silico-Manganese Imports

Imports in GCC

In 2023, ferro-silico-manganese imports in GCC expanded remarkably to X tons, with an increase of X% compared with the previous year's figure. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, ferro-silico-manganese imports stood at $X in 2023. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the major importer of ferro-silico-manganese, committing X% of total imports. Oman (X tons) ranks second in terms of the total imports with an X% share, followed by Qatar (X%), Bahrain (X%) and Saudi Arabia (X%). Kuwait (X tons) took a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the ferro-silico-manganese imports, with a CAGR of X% from 2012 to 2023. At the same time, Bahrain (X%) and Oman (X%) displayed positive paces of growth. Kuwait experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates, Oman and Bahrain increased by X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported ferro-silico-manganese in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with an X% share of total imports. It was followed by Bahrain, with an X% share.

From 2012 to 2023, 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: Oman (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then shrank slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Kuwait ($X per ton) and Bahrain ($X per ton), while Qatar ($X per ton) and the United Arab Emirates ($X per ton) were 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