United Arab Emirates: Silicates Market 2024

Silicates Market Size in the United Arab Emirates

The silicates market in the United Arab Emirates stood at $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate significant growth. Silicates consumption peaked in 2022 and is likely to continue growth in the immediate term.

Silicates Production in the United Arab Emirates

In value terms, silicates production soared to $X in 2022 estimated in export price. In general, production, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Silicates Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of silicates, commercial alkali metal silicates were exported from the United Arab Emirates; reducing by X% compared with the previous year's figure. Over the period under review, exports saw a precipitous contraction. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, silicates exports shrank markedly to $X in 2022. In general, exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X tons), Saudi Arabia (X tons) and Oman (X tons) were the main destinations of silicates exports from the United Arab Emirates, with a combined X% share of total exports. Kuwait, South Korea, Turkey, Qatar, Mauritius, Egypt, Uzbekistan and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for silicates, commercial alkali metal silicates exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average silicates export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of silicates, commercial alkali metal silicates decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, silicates imports reached $X in 2022. Over the period under review, total imports indicated notable growth 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), Egypt (X tons) and Japan (X tons) were the main suppliers of silicates imports to the United Arab Emirates, with a combined X% share of total imports.

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

In value terms, Japan ($X) constituted the largest supplier of silicates, commercial alkali metal silicates to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Egypt (X% per year).

Import Prices by Country

The average silicates import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a prominent 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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