MENA: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in MENA

The MENA's market for refractory products of siliceous or diatomite earths contracted sharply to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in MENA

In value terms, production of refractory products of siliceous or diatomite earths reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports in MENA

In 2022, overseas shipments of refractory products of siliceous or diatomite earths increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports of reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of refractory products of siliceous or diatomite earths surged to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Turkey was the largest exporter of refractory products of siliceous or diatomite earths in MENA, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving an X% share of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the refractory products of siliceous or diatomite earths exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest refractory products of siliceous or diatomite earths supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 ($X per ton), while Saudi Arabia ($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 a decline in the export price figures.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports in MENA

In 2022, imports of refractory products of siliceous or diatomite earths in MENA fell to X tons, shrinking by X% on the previous year's figure. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of refractory products of siliceous or diatomite earths expanded notably to $X in 2022. Overall, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia prevails in earths structure, reaching X tons, which was approx. X% of total imports in 2022. The following importers - Oman (X tons), Algeria (X tons), Bahrain (X tons), the United Arab Emirates (X tons), Qatar (X tons), Yemen (X tons) and Egypt (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to refractory products of siliceous or diatomite earths imports into Saudi Arabia stood at X%. At the same time, Egypt (X%), Oman (X%), Algeria (X%), Bahrain (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Qatar and the United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2022, the share of Saudi Arabia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported refractory products of siliceous or diatomite earths in MENA, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Saudi Arabia, imports of refractory products of siliceous or diatomite earths increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Algeria (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, picking up by X% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained 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 the United Arab Emirates ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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