Middle East: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in the Middle East

The Middle Eastern oxides of boron market shrank to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Oxides Of Boron Production in the Middle East

In value terms, oxides of boron production shrank to $X in 2022 estimated in export price. The total production indicated a perceptible increase 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced 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 failed to regain momentum.

Oxides Of Boron Exports

Exports in the Middle East

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were exported in the Middle East; jumping by X% compared with the year before. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, oxides of boron exports surged to $X in 2022. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X tons) and Israel (X tons) prevails in exports structure, together generating X% of total exports. The following exporters - Turkey (X tons) and the United Arab Emirates (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), Israel ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. The United Arab Emirates lagged somewhat behind, comprising a further X%.

The United Arab Emirates, 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 2022, picking up by X% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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 Jordan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Oxides Of Boron Imports

Imports in the Middle East

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were imported in the Middle East; declining by X% compared with 2021. Total imports indicated a slight expansion 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. Based on 2022 figures, imports decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, oxides of boron imports soared to $X in 2022. Total imports indicated a resilient increase 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Israel represented the main importer of oxides of boron, boric acids and inorganic acids in the Middle East, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Turkey (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%) and Iran (X%). The following importers - Oman (X tons), Yemen (X tons) and Jordan (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides of boron importing markets in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for X% of total imports.

Among the main importing countries, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, with an increase of X% against the previous year. Over the period under review, the import price recorded a notable expansion. As a result, import price attained the peak level and is likely to continue 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 ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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