Middle East: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in the Middle East

The Middle Eastern articles of zinc market shrank to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Articles Of Zinc Production in the Middle East

In value terms, articles of zinc production fell to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate measured growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Articles Of Zinc Exports

Exports in the Middle East

In 2023, shipments abroad of articles of zinc increased by X% to X tons for the first time since 2017, thus ending a five-year declining trend. In general, exports, however, saw a noticeable contraction. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, articles of zinc exports rose remarkably to $X in 2023. Over the period under review, exports recorded a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, the United Arab Emirates (X tons) was the key exporter of articles of zinc, achieving X% of total exports. Turkey (X tons) held the second position in the ranking, followed by Oman (X tons). All these countries together took near X% share of total exports. The following exporters - Qatar (X tons) and Syrian Arab Republic (X tons) - each reached a X% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of articles of zinc. At the same time, Oman (X%), Syrian Arab Republic (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Turkey (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Oman (X p.p.), Qatar (X p.p.) and Syrian Arab Republic (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest articles of zinc supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Oman, with an X% share.

In the United Arab Emirates, articles of zinc exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Articles Of Zinc Imports

Imports in the Middle East

After two years of decline, overseas purchases of articles of zinc increased by X% to X tons in 2023. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, articles of zinc imports rose to $X in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Oman represented the key importing country with an import of about X tons, which accounted for X% of total imports. Saudi Arabia (X tons) took the second position in the ranking, followed by Turkey (X tons), Bahrain (X tons) and the United Arab Emirates (X tons). All these countries together took approx. X% share of total imports. The following importers - Iran (X tons) and Qatar (X tons) - each accounted for a X% share of total imports.

Imports into Oman increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%), Turkey (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%), the United Arab Emirates (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Saudi Arabia (X p.p.), Qatar (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) constitutes the largest market for imported articles of zinc in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Oman totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform