GCC: Market for Organic Derivatives Of Hydrazine Or Of Hydroxylamine 2024

Market Size for Organic Derivatives Of Hydrazine Or Of Hydroxylamine in GCC

The GCC hydrazine and hydroxylamine derivatives market reduced to $X in 2022, with a decrease of -12.8% against the previous year. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Organic Derivatives Of Hydrazine Or Of Hydroxylamine in GCC

In value terms, hydrazine and hydroxylamine derivatives production shrank to $X in 2022 estimated in export price. In general, production recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Exports in GCC

In 2022, overseas shipments of organic derivatives of hydrazine or of hydroxylamine decreased by -12.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 70% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, hydrazine and hydroxylamine derivatives exports reduced to $X in 2022. In general, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 59% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was near 91% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), mixing up a 9% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the organic derivatives of hydrazine or of hydroxylamine exports, with a CAGR of +13.4% from 2012 to 2022. At the same time, Saudi Arabia (+10.7%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by +2.2 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest hydrazine and hydroxylamine derivatives supplier in GCC, comprising 93% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 6% share of total exports.

In the United Arab Emirates, hydrazine and hydroxylamine derivatives exports increased at an average annual rate of +9.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2018 an increase of 36%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.8%).

Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Imports in GCC

In 2022, supplies from abroad of organic derivatives of hydrazine or of hydroxylamine decreased by -10.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, hydrazine and hydroxylamine derivatives imports declined sharply to $X in 2022. In general, imports saw a slight setback. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was approx. 87% of total imports in 2022. It was distantly followed by Bahrain (X tons), achieving a 6.9% share of total imports. The following importers - Kuwait (X tons) and Qatar (X tons) - together made up 6.5% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydrazine and hydroxylamine derivatives imports into the United Arab Emirates stood at +3.1%. At the same time, Bahrain (+43.9%), Kuwait (+29.7%) and Qatar (+14.4%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +43.9% from 2012-2022. While the share of the United Arab Emirates (+23 p.p.), Bahrain (+6.7 p.p.), Kuwait (+4.1 p.p.) and Qatar (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported organic derivatives of hydrazine or of hydroxylamine in GCC, comprising 91% of total imports. The second position in the ranking was held by Kuwait ($X), with a 4.2% share of total imports. It was followed by Bahrain, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +3.5%. In the other countries, the average annual rates were as follows: Kuwait (+29.3% per year) and Bahrain (+30.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, reducing by -6.6% against the previous year. Overall, the import price showed a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform