GCC: Dichloromethane Market 2024

Dichloromethane Market Size in GCC

The GCC dichloromethane market soared to $X in 2021, growing by 38% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dichloromethane Production in GCC

In value terms, dichloromethane production surged to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 117% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Dichloromethane Exports

Exports in GCC

Dichloromethane exports shrank modestly to X tons in 2021, falling by -3.5% compared with the previous year. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 104%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, dichloromethane exports surged to $X in 2021. In general, exports saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of 121%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporter of dichloromethane (methylene chloride) in GCC, with the volume of exports recording X tons, which was approx. 46% of total exports in 2021. Saudi Arabia (X tons) took the second position in the ranking, followed by Oman (X tons). All these countries together took near 54% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +60.9%), while the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) emerged as the largest dichloromethane supplier in GCC, comprising 57% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled -12.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-21.2% per year) and Oman (+58.6% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, rising by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2015 when the export price increased by 29%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Dichloromethane Imports

Imports in GCC

In 2021, overseas purchases of dichloromethane (methylene chloride) decreased by -6.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 149%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, dichloromethane imports skyrocketed to $X in 2021. In general, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 229% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X tons, which recorded 60% of total imports. It was distantly followed by Saudi Arabia (X tons), committing a 31% share of total imports. Oman (X tons), Qatar (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dichloromethane importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for 92% of total imports. These countries were followed by Qatar and Kuwait, which together accounted for a further 7.8%.

Kuwait, with a CAGR of +7.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, rising by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by 32% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform