MENA: Degras Market 2024

Degras Market Size in MENA

The MENA's degras market reduced to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Degras Production in MENA

In value terms, degras production expanded remarkably to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Degras Exports

Exports in MENA

In 2022, overseas shipments of degras increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, degras exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

Tunisia was also the fastest-growing in terms of the degras exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X%) illustrated a downward trend over the same period. Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Tunisia amounted to X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

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 Tunisia totaled $X per ton.

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

Degras Imports

Imports in MENA

In 2022, purchases abroad of degras increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, degras imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey represented the key importing country with an import of about X tons, which finished at X% of total imports. Israel (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Djibouti (X%).

From 2012 to 2022, average annual rates of growth with regard to degras imports into Turkey stood at X%. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Djibouti (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Israel increased by X and X percentage points, respectively.

In value terms, Israel ($X) constitutes the largest market for imported degras in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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