GCC: Other Chemical Products Market 2025

Other Chemical Products Market Size in GCC

The GCC other chemical products market soared to $X in 2022, surging by 15% against the previous year. Overall, consumption continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Other Chemical Products Production in GCC

In value terms, other chemical products production soared to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 115%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Other Chemical Products Exports

Exports in GCC

In 2022, the amount of other chemical products exported in GCC totaled X tons, surging by 6.9% against the year before. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 43% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, other chemical products exports expanded markedly to $X in 2022. In general, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 67%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X tons, which recorded 52% of total exports. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Kuwait (X tons). All these countries together took near 45% share of total exports. Oman (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +18.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X) remains the largest other chemical products supplier in GCC, comprising 63% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 28% share of total exports. It was followed by Kuwait, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at +1.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-18.0% per year) and Kuwait (+4.5% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by 4.8% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 63% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+29.6%), while the other leaders experienced more modest paces of growth.

Other Chemical Products Imports

Imports in GCC

In 2022, purchases abroad of other chemical products increased by 10% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 105% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, other chemical products imports expanded notably to $X in 2022. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 44% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons) and Oman (X tons) represented the key importers of other chemical products in 2022, resulting at near 42% and 37% of total imports, respectively. It was distantly followed by the United Arab Emirates (X tons), making up a 15% share of total imports. Qatar (X tons) and Kuwait (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +10.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Saudi Arabia ($X), Oman ($X) and Qatar ($X) were the countries with the highest levels of imports in 2022, together accounting for 95% of total imports.

In terms of the main importing countries, Oman, with a CAGR of +6.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, picking up by 1.8% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by 24% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+5.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform