GCC: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in GCC

The GCC ferro-cerium and pyrophoric alloys market stood at $X in 2022, approximately reflecting the previous year. In general, consumption, however, showed a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in GCC

In value terms, ferro-cerium and pyrophoric alloys production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in GCC

In 2022, overseas shipments of ferro-cerium and pyrophoric alloys increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports soared to $X in 2022. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%).

In value terms, Bahrain ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022.

Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in GCC

In 2022, the amount of ferro-cerium and pyrophoric alloys imported in GCC soared to X tons, growing by X% against 2021. In general, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2022. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kuwait represented the key importer of ferro-cerium and pyrophoric alloys in GCC, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%) and Qatar (X%).

Imports into Kuwait increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Oman (X%) and the United Arab Emirates (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. While the share of Kuwait (X p.p.), Qatar (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Kuwait ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kuwait totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($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 more modest paces of growth.

Source: IndexBox Platform

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