GCC: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in GCC

In 2022, the GCC silicon dioxide market decreased by X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, showed a pronounced downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Silicon Dioxide Production in GCC

In value terms, silicon dioxide production surged to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked in 2022 and is likely to continue growth in years to come.

Silicon Dioxide Exports

Exports in GCC

In 2022, approx. X tons of silicon dioxide were exported in GCC; which is down by X% on 2021. In general, exports recorded a mild contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, silicon dioxide exports totaled $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the largest exporter of silicon dioxide in GCC, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), constituting an X% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of silicon dioxide. Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest silicon dioxide supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Silicon Dioxide Imports

Imports in GCC

In 2022, the amount of silicon dioxide imported in GCC totaled X tons, growing by X% compared with the year before. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, silicon dioxide imports shrank sharply to $X in 2022. In general, imports, however, saw a mild shrinkage. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Kuwait (X tons) held the second position in the ranking, followed by Oman (X tons) and Qatar (X tons). All these countries together took approx. X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the silicon dioxide imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. By contrast, Oman (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) and Qatar (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported silicon dioxide in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

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

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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