GCC: Hydrazine And Hydroxylamine Market 2024

Hydrazine And Hydroxylamine Market Size in GCC

In 2022, the GCC hydrazine and hydroxylamine market decreased by -63.9% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a strong expansion. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Hydrazine And Hydroxylamine Production in GCC

In value terms, hydrazine and hydroxylamine production shrank to $X in 2022 estimated in export price. In general, production posted modest growth. The pace of growth appeared the most rapid in 2014 with an increase of 630%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Hydrazine And Hydroxylamine Exports

Exports in GCC

In 2022, hydrazine and hydroxylamine exports in GCC surged to X tons, growing by 57% against the year before. In general, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 1,756% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydrazine and hydroxylamine exports soared to $X in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,757% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together recording 100% of total export.

The United Arab Emirates was also the fastest-growing in terms of the hydrazine and hydroxylamine and their inorganic salts exports, with a CAGR of +1.5% from 2012 to 2022. While the share of the United Arab Emirates (+32 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest hydrazine and hydroxylamine supplier in GCC.

In the United Arab Emirates, hydrazine and hydroxylamine exports expanded at an average annual rate of +8.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, rising by 215% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +6.4% per year.

Hydrazine And Hydroxylamine Imports

Imports in GCC

In 2022, after three years of growth, there was significant decline in supplies from abroad of hydrazine and hydroxylamine and their inorganic salts, when their volume decreased by -53.3% to X tons. Overall, imports, however, enjoyed mild growth. The growth pace was the most rapid in 2013 with an increase of 84% against the previous year. The volume of import peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, hydrazine and hydroxylamine imports contracted remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 177% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which recorded 71% of total imports. It was distantly followed by Kuwait (X tons), generating a 26% share of total imports. Qatar (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydrazine and hydroxylamine imports into the United Arab Emirates stood at +6.5%. At the same time, Kuwait (+15.8%) and Qatar (+4.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +15.8% from 2012-2022. While the share of the United Arab Emirates (+26 p.p.) and Kuwait (+19 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hydrazine and hydroxylamine and their inorganic salts in GCC, comprising 75% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +10.9%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+15.3% per year) and Qatar (+8.6% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, declining by -20.3% against the previous year. In general, the import price, however, saw a notable increase. The pace of growth appeared the most rapid in 2021 an increase of 57%. As a result, import price attained the peak level of $X per ton, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform