Middle East: Market for Other than Roasted Molybdenum Ores and Concentrates 2024

Market Size for Other than Roasted Molybdenum Ores and Concentrates in the Middle East

For the tenth consecutive year, the Middle Eastern market for other than roasted molybdenum ores and concentrateses recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption continues to indicate noticeable growth. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

Production of Other than Roasted Molybdenum Ores and Concentrates in the Middle East

In value terms, production of other than roasted molybdenum ores and concentrateses fell significantly to $X in 2023 estimated in export price. In general, production continues to indicate a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production of growth failed to regain momentum.

Exports of Other than Roasted Molybdenum Ores and Concentrates

Exports in the Middle East

In 2023, overseas shipments of other than roasted molybdenum ores and concentrateses decreased by X% to X tons, falling for the ninth year in a row after three years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of other than roasted molybdenum ores and concentrateses expanded significantly to $X in 2023. In general, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey dominates concentrateses structure, reaching X tons, which was approx. X% of total exports in 2023. Saudi Arabia (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%). Kuwait (X tons) held a relatively small share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of other than roasted molybdenum ores and concentrateses. At the same time, Saudi Arabia (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey and Saudi Arabia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest other than roasted molybdenum ores and concentrates supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Iran (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price posted resilient growth. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Turkey ($X per ton) and Kuwait ($X per ton), while Iran ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Imports of Other than Roasted Molybdenum Ores and Concentrates

Imports in the Middle East

In 2023, imports of other than roasted molybdenum ores and concentrateses in the Middle East shrank to X tons, waning by X% compared with the previous year. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of other than roasted molybdenum ores and concentrateses amounted to $X in 2023. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons), Iran (X tons) and Turkey (X tons) was the main importer of other than roasted molybdenum ores and concentrateses in the Middle East, generating X% of total import. Oman (X kg) took a minor share of total imports.

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

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.

Turkey, 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, jumping by X% against the previous year. Over the period under review, the import price enjoyed a mild increase. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2023 and is likely to continue growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform