Middle East: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in the Middle East

After two years of growth, the Middle Eastern ferro-silico-manganese market decreased by X% to $X in 2022. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2021, and then reduced slightly in the following year.

Ferro-Silico-Manganese Production in the Middle East

In value terms, ferro-silico-manganese production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Ferro-Silico-Manganese Exports

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in shipments abroad of ferro-silico-manganese, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, ferro-silico-manganese exports declined markedly to $X in 2022. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

In 2022, Saudi Arabia (X tons) represented the major exporter of ferro-silico-manganese, creating X% of total exports. It was distantly followed by Oman (X tons) and Turkey (X tons), together generating a X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Oman (X p.p.), Saudi Arabia (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest ferro-silico-manganese supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

In Saudi Arabia, ferro-silico-manganese exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Ferro-Silico-Manganese Imports

Imports in the Middle East

After two years of growth, overseas purchases of ferro-silico-manganese decreased by X% to X tons in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, ferro-silico-manganese imports shrank slightly to $X in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

Turkey represented the key importing country with an import of about X tons, which resulted at X% of total imports. Iran (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Oman (X tons) and Saudi Arabia (X tons). All these countries together held approx. X% share of total imports. The following importers - Qatar (X tons) and Bahrain (X tons) - each resulted at a X% share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of ferro-silico-manganese. At the same time, Bahrain (X%), Iran (X%), Oman (X%), the United Arab Emirates (X%) and Saudi Arabia (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 2012-2022. By contrast, Qatar (X%) illustrated a downward trend over the same period. While the share of Iran (X p.p.), the United Arab Emirates (X p.p.), Oman (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, ferro-silico-manganese imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform