Middle East: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in the Middle East

After three years of growth, the Middle Eastern ferro-silico-manganese market decreased by X% to $X in 2023. Overall, consumption, however, saw a perceptible expansion. The level of consumption peaked at $X in 2022, and then shrank sharply in the following year.

Ferro-Silico-Manganese Production in the Middle East

In value terms, ferro-silico-manganese production skyrocketed to $X in 2023 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the near future.

Ferro-Silico-Manganese Exports

Exports in the Middle East

Ferro-silico-manganese exports surged to X tons in 2023, picking up by X% against the year before. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-silico-manganese exports skyrocketed to $X in 2023. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Saudi Arabia (X tons), creating a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the ferro-silico-manganese exports, with a CAGR of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) displayed positive paces of growth. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points.

In value terms, the largest ferro-silico-manganese supplying countries in the Middle East were Saudi Arabia ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, falling by X% against the previous year. In general, the export price faced a deep slump. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then dropped remarkably in the following year.

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 Saudi Arabia ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Ferro-Silico-Manganese Imports

Imports in the Middle East

In 2023, approx. X tons of ferro-silico-manganese were imported in the Middle East; stabilizing at the previous year. Total imports indicated a noticeable expansion from 2012 to 2023: its volume 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 2021 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, ferro-silico-manganese imports dropped significantly to $X in 2023. Over the period under review, imports posted a moderate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then fell dramatically in the following year.

Imports by Country

In 2023, Turkey (X tons) represented the largest importer of ferro-silico-manganese, making up X% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Iran (X tons) and Oman (X tons). All these countries together took near X% share of total imports. The following importers - Qatar (X tons), Bahrain (X tons) and Iraq (X tons) - each recorded an X% share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of ferro-silico-manganese. At the same time, Iraq (X%), Iran (X%), the United Arab Emirates (X%), Bahrain (X%) and Oman (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates, Iran, Oman, Iraq and Bahrain increased by X, X, X, X and X percentage points, respectively.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Oman, Bahrain, Iraq and Qatar lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, saw 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 2023, dropping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2022, and then shrank notably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Bahrain ($X per ton) and Iraq ($X per ton), while Qatar ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform