GCC: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in GCC

In 2021, the GCC oxygen-function amino-compound market increased by 11% to $X, rising for the sixth year in a row after two years of decline. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.9% against 2015 indices. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Oxygen-Function Amino-Compound Production in GCC

In value terms, oxygen-function amino-compound production expanded rapidly to $X in 2021 estimated in export price. In general, production recorded a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 91%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Oxygen-Function Amino-Compound Exports

Exports in GCC

In 2021, shipments abroad of oxygen-function amino-compounds decreased by -1.2% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 135%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 115% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia dominates exports structure, reaching X tons, which was approx. 98% of total exports in 2021. The United Arab Emirates (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the oxygen-function amino-compounds exports, with a CAGR of +17.6% from 2012 to 2021. At the same time, the United Arab Emirates (+7.7%) displayed positive paces of growth. From 2012 to 2021, the share of Saudi Arabia increased by +2.3 percentage points.

In value terms, Saudi Arabia ($X) remains the largest oxygen-function amino-compound supplier in GCC, comprising 97% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia totaled +12.2%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, surging by 19% against the previous year. Overall, the export price, however, recorded a noticeable reduction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.5%).

Oxygen-Function Amino-Compound Imports

Imports in GCC

In 2021, supplies from abroad of oxygen-function amino-compounds decreased by -15.8% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound imports totaled $X in 2021. Over the period under review, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X tons, which reached 64% of total imports. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Qatar (X tons) and Oman (X tons). All these countries together held near 32% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the oxygen-function amino-compounds imports, with a CAGR of +5.3% from 2012 to 2021. At the same time, Qatar (+4.5%) and Oman (+1.8%) displayed positive paces of growth. By contrast, Kuwait (-6.6%) and Saudi Arabia (-9.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Qatar increased by +25 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported oxygen-function amino-compounds in GCC, comprising 61% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 28% share of total imports. It was followed by Oman, with a 4.2% share.

In the United Arab Emirates, oxygen-function amino-compound imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-6.2% per year) and Oman (-0.5% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, growing by 32% against the previous year. Overall, the import price, however, showed a slight shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Qatar ($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 (+3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform