Syria"s minerals market, particularly in hematite, has shown notable fluctuations in trade volume and pricing, reflecting broader economic conditions and market demands. Hematite, a critical raw material for steel production, is experiencing varied demand patterns. Export volumes saw spikes in the first half of 2023, driven by increasing global steel requirements and Syria’s strategic positioning in the Middle East market. According to the CSV data, hematite prices have shown resilience despite regional instability, with only minor reductions in average price per ton, from $70 to $68, over the last quarter. This stability can be attributed to the consistent demand from neighboring countries and the slow yet steady improvement in Syrian mining operations. Import volumes, on the other hand, remained relatively low, as local extraction efforts increased, reducing dependency on external sources. The heightened focus on self-sufficiency in mineral production aligns with Syria"s broader economic recovery plans and efforts to enhance its trade balance. As we look towards 2025, the exploration of trade opportunities with Syria in the minerals sector presents a promising avenue for businesses.

Hematite, being critical to infrastructure development, could see increased interest from both regional and international buyers. For businesses looking to engage with Syria’s hematite market, having access to reliable contact information for local suppliers is crucial. As the landscape of Syria"s minerals market evolves, platforms like Aritral can provide invaluable support. Aritral offers AI-powered marketing and global sales assistance, streamlining the process of connecting with Syrian suppliers. By leveraging its services, businesses can efficiently manage profiles and enhance their international trade operations in commodities such as hematite. "