GCC: Acyclic Hydrocarbons Derivatives Market 2025

Acyclic Hydrocarbons Derivatives Market Size in GCC

In 2021, the GCC acyclic hydrocarbons derivatives market increased by 7.7% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Acyclic Hydrocarbons Derivatives Production in GCC

In value terms, acyclic hydrocarbons derivatives production reduced rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 74% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports in GCC

In 2021, shipments abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons increased by 96% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2017 with an increase of 114% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives exports skyrocketed to $X in 2021. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 175% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was approx. 96% of total exports in 2021. The following exporters - Oman (X tons) and Saudi Arabia (X tons) - each recorded a 3.1% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +15.8% from 2012 to 2021. At the same time, Oman (+16.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +16.4% from 2012-2021. By contrast, Saudi Arabia (-38.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +79 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest acyclic hydrocarbons derivatives supplier in GCC, comprising 92% of total exports. The second position in the ranking was taken by Oman ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +14.0%. In the other countries, the average annual rates were as follows: Oman (+18.4% per year) and Saudi Arabia (-17.7% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, rising by 11% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2015 an increase of 42%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+33.2%), while the other leaders experienced mixed trends in the export price figures.

Acyclic Hydrocarbons Derivatives Imports

Imports in GCC

In 2021, imports of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons in GCC surged to X tons, increasing by 18% compared with the previous year's figure. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.6% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, acyclic hydrocarbons derivatives imports skyrocketed to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 19% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X tons, which resulted at 57% of total imports. It was distantly followed by Saudi Arabia (X tons) and Oman (X tons), together comprising a 34% share of total imports. The following importers - Kuwait (X tons), Qatar (X tons) and Bahrain (X tons) - together made up 8.9% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +7.8% from 2012 to 2021. At the same time, Oman (+18.4%), Saudi Arabia (+10.9%), Bahrain (+9.2%), Qatar (+6.2%) and Kuwait (+3.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +18.4% from 2012-2021. While the share of Saudi Arabia (+4.7 p.p.) and Oman (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kuwait (-2.5 p.p.) and the United Arab Emirates (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 89% of total imports.

Saudi Arabia, with a CAGR of +14.1%, recorded the highest rates of growth with regard to 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

In 2021, the import price in GCC amounted to $X per ton, declining by -2% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 an increase of 6.1%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform