Middle East: Unwrought Lead Market 2021

Unwrought Lead Market Size in the Middle East

The Middle Eastern unwrought lead market expanded notably to $X in 2020, with an increase of X% against the previous year. The total consumption indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Unwrought Lead Production in the Middle East

In value terms, unwrought lead production rose rapidly to $X in 2020 estimated in export prices. The total production indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Production By Country in the Middle East

The countries with the highest volumes of unwrought lead production in 2020 were Iran (X tons), Saudi Arabia (X tons) and Iraq (X tons), with a combined X% share of total production. These countries were followed by Syrian Arab Republic, the United Arab Emirates, Israel and Yemen, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of unwrought lead production, amongst the leading producing countries, was attained by the United Arab Emirates, while unwrought lead production for the other leaders experienced more modest paces of growth.

Unwrought Lead Exports

Exports in the Middle East

In 2020, the amount of unwrought lead exported in the Middle East shrank remarkably to X tons, falling by -X% on the year before. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The volume of export peaked at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, unwrought lead exports dropped rapidly to $X in 2020. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates unwrought lead exports structure, reaching X tons, which was near X% of total exports in 2020. It was distantly followed by Saudi Arabia (X tons) and Lebanon (X tons), together achieving an X% share of total exports. Turkey (X tons), Jordan (X tons), Syrian Arab Republic (X tons), Kuwait (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to unwrought lead exports from the United Arab Emirates stood at +X%. At the same time, Turkey (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. By contrast, Lebanon (-X%), Saudi Arabia (-X%), Kuwait (-X%), Jordan (-X%), Syrian Arab Republic (-X%) and Iran (-X%) illustrated a downward trend over the same period. The United Arab Emirates (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the total exports, while Kuwait, Saudi Arabia, Jordan, Syrian Arab Republic and Iran saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest unwrought lead supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

In the United Arab Emirates, unwrought lead exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and Lebanon (-X% per year).

Export Prices by Country

In 2020, the unwrought lead export price in the Middle East amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Iran ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Unwrought Lead Imports

Imports in the Middle East

In 2020, unwrought lead imports in the Middle East contracted notably to X tons, declining by -X% compared with the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. From 2017 to 2020, the growth imports remained at a lower figure.

In value terms, unwrought lead imports fell rapidly to $X in 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

The United Arab Emirates represented the largest importer of unwrought lead in the Middle East, with the volume of imports amounting to X tons, which was near X% of total imports in 2020. Oman (X tons) held the second position in the ranking, followed by Turkey (X tons) and Saudi Arabia (X tons). All these countries together held near X% share of total imports. Lebanon (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the unwrought lead imports, with a CAGR of +X% from 2007 to 2020. At the same time, Oman (+X%) displayed positive paces of growth. Turkey experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%) and Lebanon (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of the United Arab Emirates and Oman increased by +X% and +X% percentage points, while Turkey (-X p.p.), Saudi Arabia (-X p.p.) and Lebanon (-X p.p.) saw their share reduced.

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

From 2007 to 2020, the average annual rate of growth in terms of value in the United Arab Emirates stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+X% per year) and Turkey (-X% per year).

Import Prices by Country

In 2020, the unwrought lead import price in the Middle East amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton), while Turkey ($X per ton) and Lebanon ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lebanon, while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform

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