GCC: Cadmium Market 2024

Cadmium Market Size in GCC

In 2022, the GCC cadmium market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Cadmium Production in GCC

In value terms, cadmium production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production saw a deep slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Cadmium Exports

Exports in GCC

In 2022, the amount of cadmium and articles thereof exported in GCC declined dramatically to X tons, which is down by X% compared with the year before. In general, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, cadmium exports shrank rapidly to $X in 2022. Overall, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) represented roughly X% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the cadmium and articles thereof exports, with a CAGR of X% from 2016 to 2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest cadmium supplier in GCC.

In the United Arab Emirates, cadmium exports plunged by an average annual rate of X% over the period from 2016-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2016 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Cadmium Imports

Imports in GCC

In 2022, the amount of cadmium and articles thereof imported in GCC soared to X tons, increasing by X% against 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cadmium imports reduced sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the key importer of cadmium and articles thereof, generating X% of total imports. It was distantly followed by Qatar (X tons), comprising a X% share of total imports. Oman (X kg) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates 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, the largest cadmium importing markets in GCC were Qatar ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total imports.

In terms of the main importing countries, Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a deep slump. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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