GCC: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in GCC

The GCC aldehydes cyclic polymers market soared to $X in 2022, with an increase of 28% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aldehydes Cyclic Polymers Production in GCC

In value terms, aldehydes cyclic polymers production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 49%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Aldehydes Cyclic Polymers Exports

Exports in GCC

In 2022, exports of cyclic polymers of aldehydes in GCC dropped sharply to X tons, which is down by -34.3% against 2021 figures. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,029%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, aldehydes cyclic polymers exports reduced markedly to $X in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 603%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia dominates exports structure, accounting for X tons, which was near 96% of total exports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the cyclic polymers of aldehydes exports, with a CAGR of +53.4% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Saudi Arabia (+96 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-95.6 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest aldehydes cyclic polymers supplier in GCC, comprising 97% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia stood at +61.9%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by 1.9% against the previous year. Overall, the export price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 57% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.5%).

Aldehydes Cyclic Polymers Imports

Imports in GCC

In 2022, approx. X tons of cyclic polymers of aldehydes were imported in GCC; waning by -33.7% against the year before. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 313%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aldehydes cyclic polymers imports declined notably to $X in 2022. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 164% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main importer of cyclic polymers of aldehydes, creating 62% of total imports. It was distantly followed by Oman (X tons), generating a 38% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +11.3%).

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported cyclic polymers of aldehydes in GCC, comprising 69% of total imports. The second position in the ranking was taken by Oman ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +2.8%.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, surging by 4.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 80%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-6.8%).

Source: IndexBox Platform