Updated Nov 11, 2022 01:29

Mixtures Of Slag Market in the United Arab Emirates

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The mixtures of slag market in the United Arab Emirates was estimated at $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a abrupt downturn. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.

In value terms, mixtures of slag production expanded markedly to $ in estimated in export price. Over the period under review, production, however, saw a deep setback. The pace of growth was the most pronounced in 2018 when the production volume increased by % against the previous year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , the amount of mixtures of slag consumed in the United Arab Emirates dropped to tons, remaining stable against . In general, consumption continues to indicate a deep slump. Mixtures of slag consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.

The value of the mixtures of slag market in the United Arab Emirates reduced to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a deep downturn. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Depressed by shrinking demand for mixtures of slag in the United Arab Emirates, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Over the period under review, imports of mixtures of slag in the United Arab Emirates were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for mixtures of slag. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of the United Arab Emirates imports of in the mixtures of slag market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
The United Arab Emirates remains a net exporter of mixtures of slag; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.