GCC: Peroxosulphates Market 2024

Peroxosulphates Market Size in GCC

The GCC peroxosulphates market rose rapidly to $X in 2021, growing by 13% against the previous year. Overall, consumption showed notable growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Peroxosulphates Production in GCC

In value terms, peroxosulphates production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 9.3%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Peroxosulphates Exports

Exports in GCC

In 2021, shipments abroad of peroxosulphates (persulphates) increased by 127% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 312%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, peroxosulphates exports soared to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 329% 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

Saudi Arabia prevails in exports structure, reaching X tons, which was near 87% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), committing an 8.8% share of total exports. Kuwait (X tons) took a little share of total exports.

Saudi Arabia was also the fastest-growing in terms of the peroxosulphates (persulphates) exports, with a CAGR of +42.4% from 2012 to 2021. At the same time, the United Arab Emirates (+12.0%) and Kuwait (+7.5%) displayed positive paces of growth. While the share of Saudi Arabia (+52 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kuwait (-8.6 p.p.) and the United Arab Emirates (-22 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest peroxosulphates supplier in GCC, comprising 80% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia amounted to +32.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+2.1% per year) and Kuwait (+9.6% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, shrinking by -25% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kuwait ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+1.9%), while the other leaders experienced a decline in the export price figures.

Peroxosulphates Imports

Imports in GCC

In 2021, supplies from abroad of peroxosulphates (persulphates) increased by 28% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 114%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, peroxosulphates imports skyrocketed to $X in 2021. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 85%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X tons, which was approx. 95% of total imports in 2021. The following importers - Bahrain (X tons) and Qatar (X tons) - each resulted at a 3.3% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +24.9% from 2012 to 2021. At the same time, Bahrain (+51.1%) and Qatar (+25.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +51.1% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates, Qatar and Bahrain increased by +52, +1.6 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported peroxosulphates (persulphates) in GCC, comprising 79% of total imports. The second position in the ranking was held by Bahrain ($X), with an 11% share of total imports.

In the United Arab Emirates, peroxosulphates imports expanded at an average annual rate of +21.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bahrain (+42.8% per year) and Qatar (+14.2% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, growing by 16% against the previous year. In general, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform