MENA: Lime Market 2024

Lime Market Size in MENA

The MENA's lime market reached $X in 2023, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Lime Production in MENA

In value terms, lime production skyrocketed to $X in 2023 estimated in export price. In general, production posted a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Lime Exports

Exports in MENA

Lime exports contracted modestly to X tons in 2023, declining by X% compared with the year before. Total exports indicated noticeable growth 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, lime exports shrank to $X in 2023. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, the United Arab Emirates (X tons) and Oman (X tons) represented the main exporters of lime in MENA, together recording near X% of total exports. Saudi Arabia (X tons) took the next position in the ranking, distantly followed by Turkey (X tons) and Iran (X tons). All these countries together held near X% share of total exports. Tunisia (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Oman ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

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 Tunisia ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Lime Imports

Imports in MENA

Lime imports rose markedly to X tons in 2023, increasing by X% compared with the previous year. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, lime imports expanded rapidly to $X in 2023. Total imports indicated resilient growth 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 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Oman represented the largest importer of lime in MENA, with the volume of imports recording X tons, which was near X% of total imports in 2023. Bahrain (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%) and Iraq (X%). The following importers - Palestine (X tons), Jordan (X tons) and Tunisia (X tons) - together made up X% of total imports.

Oman was also the fastest-growing in terms of the lime imports, with a CAGR of X% from 2012 to 2023. At the same time, Iraq (X%), Bahrain (X%), Israel (X%) and Jordan (X%) displayed positive paces of growth. Tunisia experienced a relatively flat trend pattern. By contrast, Palestine (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Oman, Bahrain and Iraq increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lime importing markets in MENA were Oman ($X), Bahrain ($X) and Israel ($X), together accounting for X% of total imports.

Among the main importing countries, Oman, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform