Middle East: Mercury Market 2024

Mercury Market Size in the Middle East

The Middle Eastern mercury market fell dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a pronounced shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Mercury Production in the Middle East

In value terms, mercury production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Mercury Exports

Exports in the Middle East

In 2022, shipments abroad of mercuries increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, mercury exports skyrocketed to $X in 2022. Overall, exports showed prominent growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Oman (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the mercuries exports, with a CAGR of X% from 2012 to 2022. Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.) displayed negative dynamics.

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

In the United Arab Emirates, mercury exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Oman ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Mercury Imports

Imports in the Middle East

In 2022, the amount of mercuries imported in the Middle East dropped to X tons, waning by X% compared with 2021. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, mercury imports contracted to $X in 2022. Overall, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X tons, which was near X% of total imports in 2022. Oman (X tons), Israel (X tons) and Iran (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mercury imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, mercury imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, remaining stable against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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