Middle East: Globe Market 2022

Globe Market Size in the Middle East

After two years of decline, the Middle Eastern globe market increased by X% to $X in 2021. Over the period under review, consumption, however, recorded a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Globe Production in the Middle East

In value terms, globe production surged to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Globe Exports

Exports in the Middle East

In 2021, the amount of globes exported in the Middle East contracted slightly to X tons, declining by less than X% compared with the previous year. In general, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, globe exports rose markedly to $X in 2021. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X tons) represented the main exporter of globes, making up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports. Israel (X kg) held a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +X% from 2012 to 2021. At the same time, Israel (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2012-2021. Turkey (+X p.p.) and Israel (less than 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 2021, respectively.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the other leaders experienced a decline in the export price figures.

Globe Imports

Imports in the Middle East

In 2021, supplies from abroad of globes was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a abrupt downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, globe imports skyrocketed to $X in 2021. Overall, imports, however, saw a slight setback. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Israel was the main importing country with an import of about X tons, which recorded X% of total imports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%), Saudi Arabia (X%) and Qatar (X%). The following importers - Turkey (X tons) and Iraq (X tons) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

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

In Israel, globe imports expanded at an average annual rate of +X% over the period from 2012-2021. 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 2021, the import price in the Middle East amounted to $X per ton, which is down by -X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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