MENA: Graphite Market 2024

Graphite Market Size in MENA

The MENA's graphite market was estimated at $X in 2022, with an increase of X% against the previous year. In general, consumption posted a notable expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Graphite Production in MENA

In value terms, graphite production shrank rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Graphite Exports

Exports in MENA

In 2022, overseas shipments of graphite (natural) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, graphite exports soared to $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Turkey was the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%).

In value terms, the largest graphite supplying countries in MENA were Turkey ($X) and the United Arab Emirates ($X).

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices 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 Turkey amounted to $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%).

Graphite Imports

Imports in MENA

In 2022, the amount of graphite (natural) imported in MENA totaled X tons, increasing by X% against the previous year. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, graphite imports surged to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Turkey represented the main importer of graphite (natural) in MENA, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Iran (X tons), making up a X% share of total imports. Oman (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to graphite imports into Turkey stood at X%. At the same time, Oman (X%), Saudi Arabia (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Iran and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported graphite (natural) in MENA, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, graphite imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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