Middle East: Clay Market 2024

Clay Market Size in the Middle East

The Middle Eastern clay market was estimated at $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Clay Production in the Middle East

In value terms, clay production stood at $X in 2023 estimated in export price. Over the period under review, production posted a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Clay Exports

Exports in the Middle East

After four years of growth, overseas shipments of clays decreased by X% to X tons in 2023. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, clay exports reached $X in 2023. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Iran (X tons) and the United Arab Emirates (X tons) took a minor share of total exports.

Turkey was also the fastest-growing in terms of the clays exports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest clay supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, 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 the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Clay Imports

Imports in the Middle East

In 2023, the amount of clays imported in the Middle East shrank to X tons, falling by X% on the previous year. In general, imports saw a perceptible contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, clay imports rose modestly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Turkey represented the major importer of clays in the Middle East, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Saudi Arabia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Bahrain (X%) and Oman (X%). The following importers - Kuwait (X tons) and Israel (X tons) - each amounted to a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to clay imports into Turkey stood at X%. At the same time, Bahrain (X%), Kuwait (X%) and Israel (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Oman (X%), the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Bahrain, Turkey, Kuwait and Israel increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported clays in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

In Turkey, clay imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Import price indicated prominent growth from 2012 to 2023: its price 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, clay import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform