Middle East: Lime Market 2024

Lime Market Size in the Middle East

The Middle Eastern lime market expanded to $X in 2023, increasing by X% against the previous year. Overall, consumption saw a mild increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Lime Production in the Middle East

In value terms, lime production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production recorded a temperate increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Lime Exports

Exports in the Middle East

Lime exports stood at X tons in 2023, approximately equating the year before. Total exports indicated measured growth 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, lime exports dropped to $X in 2023. Total exports indicated buoyant 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. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, the United Arab Emirates (X tons) and Oman (X tons) were the key exporters of lime in the Middle East, together reaching near X% of total exports. Saudi Arabia (X tons) held the next position in the ranking, distantly followed by Turkey (X tons) and Iran (X tons). All these countries together took approx. X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest lime supplying countries in the Middle East were the United Arab Emirates ($X), Oman ($X) and Saudi Arabia ($X), together comprising X% of total exports.

Oman, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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, falling by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Turkey ($X per ton) and Saudi Arabia ($X per ton), while Iran ($X per ton) and Oman ($X per ton) were amongst the lowest.

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

Lime Imports

Imports in the Middle East

In 2023, the amount of lime imported in the Middle East totaled X tons, picking up by X% compared with the previous year. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, lime imports rose sharply to $X in 2023. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Oman represented the main importer of lime in the Middle East, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Bahrain (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%) and Iraq (X%). Palestine (X tons), Jordan (X tons) and Kuwait (X tons) held a little share of total imports.

Oman was also the fastest-growing in terms of the lime imports, with a CAGR of X% from 2012 to 2023. At the same time, Iraq (X%), Bahrain (X%), Israel (X%) and Jordan (X%) displayed positive paces of growth. Kuwait experienced a relatively flat trend pattern. By contrast, Palestine (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.), Bahrain (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Israel (X p.p.), Kuwait (X p.p.) and Palestine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lime importing markets in the Middle East were Oman ($X), Bahrain ($X) and Israel ($X), together comprising X% of total imports.

Among the main importing countries, Oman, with a CAGR of X%, recorded the highest growth rate of 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, shrinking by X% against the previous year. In general, the import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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