Middle East: Market for Porphyry, Basalt and Quartzites 2024

Market Size for Porphyry, Basalt and Quartzites in the Middle East

The Middle Eastern porphyry, basalt and quartzites market fell to $X in 2022, dropping by X% against the previous year. In general, consumption saw a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Porphyry, Basalt and Quartzites in the Middle East

In value terms, porphyry, basalt and quartzites production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Porphyry, Basalt and Quartzites

Exports in the Middle East

In 2022, approx. X tons of porphyry, basalt and quartzites were exported in the Middle East; increasing by X% against the year before. Over the period under review, exports, however, showed a deep reduction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, porphyry, basalt and quartzites exports surged to $X in 2022. In general, exports saw a prominent expansion. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Syrian Arab Republic (X tons), mixing up a X% share of total exports. The following exporters - Iran (X tons) and Jordan (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to porphyry, basalt and quartzites exports from Turkey stood at X%. At the same time, Jordan (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. Syrian Arab Republic (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey 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, Turkey ($X) remains the largest porphyry, basalt and quartzites supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with a X% share of total exports. It was followed by Syrian Arab Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Jordan (X% per year) and Syrian Arab Republic (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Porphyry, Basalt and Quartzites

Imports in the Middle East

In 2022, overseas purchases of porphyry, basalt and quartzites increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, porphyry, basalt and quartzites imports expanded notably to $X in 2022. In general, imports recorded moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of porphyry, basalt and quartzites imports in 2022 were Saudi Arabia (X tons), Qatar (X tons), Israel (X tons), Syrian Arab Republic (X tons) and the United Arab Emirates (X tons), together amounting to X% of total import. Iraq (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%), Yemen (X%) and Lebanon (X%). Iran (X tons) held a minor share of total imports.

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

In value terms, the United Arab Emirates ($X), Yemen ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Yemen, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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. Import price indicated prominent 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, porphyry, basalt and quartzites import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady 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 the United Arab Emirates ($X per ton), while Syrian Arab Republic ($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.

Source: IndexBox Platform

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