GCC: Miscellaneous Ferro-Alloys Market 2024

Miscellaneous Ferro-Alloys Market Size in GCC

The GCC miscellaneous ferro-alloys market fell slightly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption, however, enjoyed a measured increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Miscellaneous Ferro-Alloys Production in GCC

In value terms, miscellaneous ferro-alloys production contracted modestly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Miscellaneous Ferro-Alloys Exports

Exports in GCC

Miscellaneous ferro-alloys exports skyrocketed to X tons in 2023, picking up by X% compared with 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, miscellaneous ferro-alloys exports shrank to $X in 2023. Over the period under review, exports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Kuwait was the key exporter of miscellaneous ferro-alloys 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 the United Arab Emirates (X tons), comprising a X% share of total exports. Oman (X tons) followed a long way behind the leaders.

Kuwait was also the fastest-growing in terms of the miscellaneous ferro-alloys exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2023, 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, the United Arab Emirates ($X) remains the largest miscellaneous ferro-alloys supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($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 stood at X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price, however, posted temperate growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Miscellaneous Ferro-Alloys Imports

Imports in GCC

In 2023, the amount of miscellaneous ferro-alloys imported in GCC amounted to X tons, with an increase of X% on 2022. Over the period under review, imports posted moderate growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, miscellaneous ferro-alloys imports fell slightly to $X in 2023. Overall, imports, however, showed a mild decrease. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importer of miscellaneous ferro-alloys in GCC, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Oman (X tons) took the second position in the ranking, followed by Bahrain (X tons), Saudi Arabia (X tons) and Qatar (X tons). All these countries together took approx. X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Bahrain (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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: 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, which is down by X% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bahrain ($X per ton), while Qatar ($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