Middle East: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in the Middle East

The Middle Eastern market for inorganic oxygen compounds of non-metals expanded to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Inorganic Oxygen Compounds Of Non-Metals in the Middle East

In value terms, inorganic oxygen compounds of non-metals production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports in the Middle East

Inorganic oxygen compounds of non-metals exports rose slightly to X tons in 2023, growing by X% on the previous year. Overall, exports showed resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports reduced to $X in 2023. In general, exports showed significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

In 2023, Iran (X tons) and Turkey (X tons) were the major exporters of inorganic oxygen compounds of non-metals in the Middle East, together amounting to approx. X% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest inorganic oxygen compounds of non-metals supplying countries in the Middle East were Turkey ($X), Iran ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, dropping by X% against the previous year. Export price indicated a moderate increase from 2012 to 2023: its price 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, inorganic oxygen compounds of non-metals export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted 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 the United Arab Emirates ($X per ton), while Iran ($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 mixed trends in the export price figures.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports in the Middle East

In 2023, the amount of inorganic oxygen compounds of non-metals imported in the Middle East surged to X tons, with an increase of X% on 2022. In general, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals imports surged to $X in 2023. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in years to come.

Imports by Country

In 2023, Israel (X tons) was the key importer of inorganic oxygen compounds of non-metals, committing X% of total imports. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). The following importers - Kuwait (X tons) and Lebanon (X tons) - each resulted at a X% share of total imports.

Imports into Israel increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Kuwait (X%) and Turkey (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Israel and the United Arab Emirates increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported inorganic oxygen compounds of non-metals in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

In Israel, inorganic oxygen compounds of non-metals imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform