Report Update Nov 1, 2024

GCC - Acrylonitrile - Market Analysis, Forecast, Size, Trends and Insights

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GCC: Acrylonitrile Market 2024

Acrylonitrile Market Size in GCC

In 2021, the GCC acrylonitrile market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Acrylonitrile Production in GCC

In value terms, acrylonitrile production expanded remarkably to $X in 2021 estimated in export price. In general, production recorded a sharp descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 6,348% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Acrylonitrile Exports

Exports in GCC

After two years of decline, shipments abroad of acrylonitrile increased by 10% to X tons in 2021. Over the period under review, exports, however, faced a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 2,937% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, acrylonitrile exports shrank to $X in 2021. In general, exports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2014 with an increase of 2,161%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons), mixing up a 7.5% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of acrylonitrile. Saudi Arabia (-32.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+69 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-57 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest acrylonitrile supplier in GCC, comprising 92% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to -6.3%.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, with a decrease of -21.3% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2017 an increase of 55% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-6.0%).

Acrylonitrile Imports

Imports in GCC

In 2021, after two years of decline, there was significant growth in supplies from abroad of acrylonitrile, when their volume increased by 42% to X tons. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 68% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, acrylonitrile imports soared to $X in 2021. Overall, imports posted a remarkable increase. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia dominates imports structure, amounting to X tons, which was near 93% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), constituting a 7.1% share of total imports.

Saudi Arabia was also the fastest-growing in terms of the acrylonitrile imports, with a CAGR of +36.4% from 2012 to 2021. The United Arab Emirates (-12.0%) illustrated a downward trend over the same period. Saudi Arabia (+93 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -92.9% from 2012 to 2021, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported acrylonitrile in GCC, comprising 90% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +37.8%.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, increasing by 38% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.0%).

Source: IndexBox Platform

This report provides an in-depth analysis of the acrylonitrile market in GCC. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144350 - Acrylonitrile

Country coverage:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in GCC, split by region and country
Trade (exports and imports) in GCC
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- United Arab Emirates
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023