Middle East: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in the Middle East

In 2023, the Middle Eastern market for chromium, manganese, lead and copper oxides and hydroxides increased by X% to $X for the first time since 2017, thus ending a five-year declining trend. Overall, consumption showed a slight decrease. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in the Middle East

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides contracted to $X in 2023 estimated in export price. Over the period under review, production saw a drastic downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports in the Middle East

In 2023, shipments abroad of chromium, manganese, lead and copper oxides and hydroxides increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides rose rapidly to $X in 2023. Over the period under review, exports, however, faced a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, the United Arab Emirates (X tons) and Palestine (X tons) were the largest exporters of chromium, manganese, lead and copper oxides and hydroxides in the Middle East, together committing X% of total exports. It was distantly followed by Turkey (X tons), creating an X% share of total exports. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Palestine ($X), the United Arab Emirates ($X) and Turkey ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Palestine, with a CAGR of X%, saw 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 the Middle East stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price showed a noticeable decline. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Palestine (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports in the Middle East

In 2023, approx. X tons of chromium, manganese, lead and copper oxides and hydroxides were imported in the Middle East; therefore, remained relatively stable against the previous year. Total imports indicated a buoyant expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides skyrocketed to $X in 2023. Total imports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the major importer of chromium, manganese, lead and copper oxides and hydroxides, mixing up X% of total imports. Turkey (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%) and Iran (X%). Israel (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the chromium, manganese, lead and copper oxides and hydroxides imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%) and Iran (X%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 the Middle East stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform