MENA: Quicklime Market 2024

Quicklime Market Size in MENA

After two years of decline, the MENA's quicklime market increased by 7% to $X in 2022. The total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.4% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Quicklime Production in MENA

In value terms, quicklime production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a measured expansion. The growth pace was the most rapid in 2018 when the production volume increased by 61%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Quicklime Exports

Exports in MENA

In 2022, approx. X tons of quicklime were exported in MENA; falling by -8.6% on the previous year's figure. Overall, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 51% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, quicklime exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 56% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) and Oman (X tons) represented the major exporters of quicklime in MENA, together making up 68% of total exports. Turkey (X tons) took a 9.1% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (8.9%) and Tunisia (7.9%). Iran (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +46.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest quicklime supplying countries in MENA were the United Arab Emirates ($X), Oman ($X) and Turkey ($X), together accounting for 73% of total exports.

Oman, with a CAGR of +46.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by 3.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 14%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+5.0%), while the other leaders experienced more modest paces of growth.

Quicklime Imports

Imports in MENA

Quicklime imports reduced to X tons in 2022, which is down by -10.1% against the previous year's figure. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 79% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, quicklime imports reduced modestly to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 85%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Oman (X tons) represented the largest importer of quicklime, constituting 52% of total imports. It was distantly followed by Bahrain (X tons) and Palestine (X tons), together committing a 37% share of total imports. The following importers - Jordan (X tons), Israel (X tons), Kuwait (X tons) and Qatar (X tons) - each recorded an 8.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +59.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest quicklime importing markets in MENA were Oman ($X), Bahrain ($X) and Palestine ($X), together accounting for 85% of total imports.

Oman, with a CAGR of +53.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by 6% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2019 when the import price increased by 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Jordan ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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