Middle East: Asbestos Market 2022

Asbestos Market Size in the Middle East

In 2020, the Middle Eastern asbestos market increased by X% to $X, rising for the eighth consecutive year after four years of decline. Over the period under review, consumption recorded a perceptible descent. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Asbestos Production in the Middle East

In value terms, asbestos production declined to $X in 2020 estimated in export prices. In general, production continues to indicate measured growth. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Production By Country in the Middle East

Saudi Arabia (X tons) constituted the country with the largest volume of asbestos production, accounting for X% of total volume. Moreover, asbestos production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Turkey (X tons), fivefold.

In Saudi Arabia, asbestos production expanded at an average annual rate of +X% over the period from 2007-2020.

Asbestos Exports

Exports in the Middle East

In 2020, overseas shipments of asbestos were finally on the rise to reach X tons after eight years of decline. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The volume of export peaked at X tons in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, asbestos exports expanded sharply to $X in 2020. Over the period under review, exports, however, faced a deep setback. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Turkey was the largest exporting country with an export of around X tons, which recorded X% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%). Syrian Arab Republic (X tons) held a little share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of asbestos. Saudi Arabia (-X%), the United Arab Emirates (-X%) and Syrian Arab Republic (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.) and Saudi Arabia (+X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Syrian Arab Republic saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, the largest asbestos supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Among the main exporting countries, Turkey saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2020, the asbestos export price in the Middle East amounted to $X per ton, dropping by -X% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Syrian Arab Republic ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic, while the other leaders experienced more modest paces of growth.

Asbestos Imports

Imports in the Middle East

In 2020, supplies from abroad of asbestos decreased by -X% to X tons, falling for the twelfth consecutive year after two years of growth. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, asbestos imports amounted to $X in 2020. Total imports indicated modest growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Iran (X tons) represented roughly X% of total imports of asbestos in 2020.

Iran was also the fastest-growing in terms of the asbestos imports, with a CAGR of -X% from 2007 to 2020. While the share of Iran (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) constitutes the largest market for imported asbestos in the Middle East.

From 2007 to 2020, the average annual growth rate of value in Iran totaled +X%.

Import Prices by Country

In 2020, the asbestos import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2009 when the import price increased by X% year-to-year. Over the period under review, import prices reached the maximum in 2020 and is likely to see gradual growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Iran.

From 2007 to 2020, the rate of growth in terms of prices for Iran amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :