MENA: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in MENA

In 2021, after two years of decline, there was significant growth in the MENA's aromatic polyamines market, when its value increased by 24% to $X. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aromatic Polyamines Production in MENA

In value terms, aromatic polyamines production fell to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.5% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 19%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted slightly in the following year.

Aromatic Polyamines Exports

Exports in MENA

In 2021, shipments abroad of aromatic polyamines and their derivatives, salts thereof decreased by -70.8% to X tons for the first time since 2015, thus ending a five-year rising trend. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 199% against the previous year. The volume of export peaked at X tons in 2020, and then reduced rapidly in the following year.

In value terms, aromatic polyamines exports reduced dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 248% against the previous year. The level of export peaked at $X in 2020, and then fell significantly in the following year.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) dominates exports structure, together comprising 89% of total exports. It was distantly followed by Turkey (X tons), constituting an 8.2% share of total exports. Iran (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +38.5%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest aromatic polyamines supplier in MENA, comprising 53% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total exports. It was followed by Turkey, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia amounted to +29.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+16.9% per year) and Turkey (+27.7% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, dropping by -19.2% against the previous year. Overall, the export price recorded a pronounced decrease. The growth pace was the most rapid in 2013 an increase of 90% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+8.2%), while the other leaders experienced a decline in the export price figures.

Aromatic Polyamines Imports

Imports in MENA

In 2021, supplies from abroad of aromatic polyamines and their derivatives, salts thereof was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic polyamines imports skyrocketed to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) represented the main importer of aromatic polyamines and their derivatives, salts thereof, generating 66% of total imports. It was distantly followed by the United Arab Emirates (X tons), mixing up a 19% share of total imports. The following importers - Oman (X tons), Israel (X tons), Iraq (X tons), Egypt (X tons) and Iran (X tons) - together made up 13% of total imports.

Imports into Turkey increased at an average annual rate of +7.3% from 2012 to 2021. At the same time, Iraq (+120.4%), Oman (+20.3%), the United Arab Emirates (+11.4%) and Israel (+3.6%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of +120.4% from 2012-2021. By contrast, Egypt (-4.8%) and Iran (-19.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates, Oman and Iraq increased by +21, +9.6, +2.6 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported aromatic polyamines and their derivatives, salts thereof in MENA, comprising 64% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Israel, with a 3.7% share.

In Turkey, aromatic polyamines imports expanded at an average annual rate of +6.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.5% per year) and Israel (+4.2% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, picking up by 16% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 Iran ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform