MENA: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in MENA

The MENA's articles of zinc market fell modestly to $X in 2023, waning by X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Articles Of Zinc Production in MENA

In value terms, articles of zinc production fell modestly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate measured growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Articles Of Zinc Exports

Exports in MENA

In 2023, shipments abroad of articles of zinc was finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, articles of zinc exports rose notably to $X in 2023. In general, exports posted a mild increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the main exporting country with an export of about X tons, which recorded X% of total exports. Tunisia (X tons) took the second position in the ranking, followed by Turkey (X tons) and Oman (X tons). All these countries together took near X% share of total exports. The following exporters - Qatar (X tons) and Syrian Arab Republic (X tons) - together made up X% of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of articles of zinc. At the same time, Oman (X%), Syrian Arab Republic (X%), Qatar (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Oman (X p.p.), Tunisia (X p.p.), Qatar (X p.p.) and Syrian Arab Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) remains the largest articles of zinc supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, articles of zinc exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, articles of zinc export price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

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 Turkey ($X per ton), while Qatar ($X per ton) was amongst the lowest.

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

Articles Of Zinc Imports

Imports in MENA

In 2023, supplies from abroad of articles of zinc was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Total imports indicated a perceptible expansion from 2012 to 2023: its volume 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, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, articles of zinc imports expanded remarkably to $X in 2023. Total imports indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Oman (X tons) was the main importer of articles of zinc, comprising X% of total imports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%), Bahrain (X%) and the United Arab Emirates (X%). Morocco (X tons), Iran (X tons), Qatar (X tons), Tunisia (X tons), Iraq (X tons) and Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to articles of zinc imports into Oman stood at X%. At the same time, Bahrain (X%), Yemen (X%), Turkey (X%), Saudi Arabia (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Iraq experienced a relatively flat trend pattern. By contrast, Morocco (X%), Qatar (X%), the United Arab Emirates (X%) and Iran (X%) illustrated a downward trend over the same period. Oman (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia, Morocco, Qatar, Iran and the United Arab Emirates saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) constitutes the largest market for imported articles of zinc in MENA, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

In Oman, articles of zinc imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

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

Source: IndexBox Platform