Middle East: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in the Middle East

In 2023, after three years of growth, there was significant decline in the Middle Eastern ferro-silico-manganese market, when its value decreased by X% to $X. In general, consumption, however, showed a remarkable increase. The level of consumption peaked at $X in 2022, and then contracted dramatically in the following year.

Ferro-Silico-Manganese Production in the Middle East

In value terms, ferro-silico-manganese production soared to $X in 2023 estimated in export price. Overall, production recorded significant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked in 2023 and is likely to see gradual growth in the immediate term.

Ferro-Silico-Manganese Exports

Exports in the Middle East

Ferro-silico-manganese exports soared to X tons in 2023, jumping by X% against the previous year's figure. Over the period under review, exports enjoyed 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. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporter of ferro-silico-manganese in the Middle East, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Saudi Arabia (X tons), generating 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, in terms of 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, reducing by X% against the previous year. In general, the export price saw a deep setback. The pace of growth appeared 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 shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $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, the amount of ferro-silico-manganese imported in the Middle East reached X tons, approximately mirroring 2022. Total imports indicated a noticeable increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 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 shrank significantly to $X in 2023. In general, imports continue to indicate a temperate expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then declined markedly in the following year.

Imports by Country

In 2023, Turkey (X tons) represented the main importer of ferro-silico-manganese, making up X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Iran (X tons) and Oman (X tons), together mixing up a X% share of total imports. The following importers - Qatar (X tons), Bahrain (X tons) and Iraq (X tons) - each accounted for 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. While the share of the United Arab Emirates (X p.p.), Iran (X p.p.), Oman (X p.p.), Iraq (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Qatar (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

In value terms, the largest ferro-silico-manganese importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), together accounting for X% of total imports. Oman, Bahrain, Iraq and Qatar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then shrank markedly 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