Middle East: Market for Antimony and Articles Thereof 2024

Market Size for Antimony and Articles Thereof in the Middle East

In 2022, the Middle Eastern antimony and articles thereof market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded modest growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Antimony and Articles Thereof in the Middle East

In value terms, antimony and articles thereof production stood at $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 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Antimony and Articles Thereof

Exports in the Middle East

In 2022, overseas shipments of antimony and articles thereof decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, antimony and articles thereof exports dropped to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Oman represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Turkey (X tons), generating an X% share of total exports.

Oman was also the fastest-growing in terms of the antimony and articles thereof exports, with a CAGR of X% from 2012 to 2022. Turkey (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Oman ($X) remains the largest antimony and articles thereof supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In Oman, antimony and articles thereof exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while Oman stood at $X per ton.

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

Imports of Antimony and Articles Thereof

Imports in the Middle East

In 2022, purchases abroad of antimony and articles thereof increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, antimony and articles thereof imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey represented the largest importer of antimony and articles thereof in the Middle East, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Israel (X tons), Syrian Arab Republic (X tons) and Iran (X tons), together constituting a X% share of total imports.

Turkey was also the fastest-growing in terms of the antimony and articles thereof imports, with a CAGR of X% from 2012 to 2022. At the same time, Syrian Arab Republic (X%) and Iran (X%) displayed positive paces of growth. By contrast, Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Syrian Arab Republic (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total imports, while Israel saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported antimony and articles thereof in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by Syrian Arab Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and Syrian Arab Republic (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 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 Israel ($X per ton), while Syrian Arab Republic ($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 a decline in the import price figures.

Source: IndexBox Platform

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