GCC: Sulphonamides Market 2024

Sulphonamides Market Size in GCC

In 2021, the GCC sulphonamides market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Sulphonamides Production in GCC

In value terms, sulphonamides production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 92% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Sulphonamides Exports

Exports in GCC

Sulphonamides exports skyrocketed to X tons in 2021, surging by 98% against 2020 figures. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 192% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, sulphonamides exports declined notably to $X in 2021. Over the period under review, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 345% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait was the largest exporter of sulphonamides in GCC, with the volume of exports reaching X tons, which was near 74% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), generating a 25% share of total exports.

Kuwait experienced a relatively flat trend pattern with regard to volume of exports of sulphonamides. At the same time, the United Arab Emirates (+4.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in GCC, with a CAGR of +4.0% from 2012-2021. Kuwait (+74 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -22.7% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest sulphonamides supplier in GCC, comprising 71% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 26% share of total exports.

In the United Arab Emirates, sulphonamides exports decreased by an average annual rate of -18.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, waning by -64% against the previous year. Over the period under review, the export price showed a sharp slump. The most prominent rate of growth was recorded in 2015 when the export price increased by 259%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 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, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-22.0%).

Sulphonamides Imports

Imports in GCC

In 2021, approx. X tons of sulphonamides were imported in GCC; jumping by 65% on the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 584% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, sulphonamides imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 271%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X tons, which was near 94% of total imports in 2021. Kuwait (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +18.0% from 2012 to 2021. At the same time, Kuwait (+19.0%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +19.0% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates and Kuwait increased by +74 and +3.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sulphonamides in GCC, comprising 95% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 0.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +22.1%.

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, surging by 2.2% against the previous year. Overall, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 when the import price increased by 102% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.5%).

Source: IndexBox Platform