Middle East: Mercury Market 2024

Mercury Market Size in the Middle East

In 2023, after two years of growth, there was significant decline in the Middle Eastern mercury market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a modest expansion. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Mercury Production in the Middle East

In value terms, mercury production totaled $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Mercury Exports

Exports in the Middle East

In 2023, approx. X tons of mercuries were exported in the Middle East; growing by X% against 2022 figures. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, mercury exports skyrocketed to $X in 2023. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) represented roughly X% of total exports in 2023.

The United Arab Emirates was also the fastest-growing in terms of the mercuries exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest mercury supplier in the Middle East.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Mercury Imports

Imports in the Middle East

In 2023, after two years of growth, there was significant decline in purchases abroad of mercuries, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, mercury imports reduced slightly to $X in 2023. Overall, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X tons, which was approx. X% of total imports in 2023. The following importers - Israel (X tons), Iran (X tons) and Turkey (X tons) - each resulted at a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the mercuries imports, with a CAGR of X% from 2012 to 2023. At the same time, Israel (X%) and Turkey (X%) displayed positive paces of growth. By contrast, Iran (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mercuries in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In the United Arab Emirates, mercury imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($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 a decline in the import price figures.

Source: IndexBox Platform