MENA: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in MENA

The MENA's butene and isomers thereof market reached $X in 2021, remaining relatively unchanged against the previous year. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +60.0% against 2013 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Production of Butene (Butylene) And Isomers Thereof in MENA

In value terms, butene and isomers thereof production declined modestly 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 +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.5% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of 24%. Over the period under review, production hit record highs at $X in 2020, and then fell slightly in the following year.

Exports of Butene (Butylene) And Isomers Thereof

Exports in MENA

In 2021, exports of butene (butylene) and isomers thereof in MENA skyrocketed to X tons, picking up by 17% compared with the year before. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2015 with an increase of 293% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, butene and isomers thereof exports skyrocketed to $X in 2021. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 208% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Iran (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together generating 91% of total exports. It was distantly followed by Egypt (X tons), comprising a 6% share of total exports. Saudi Arabia (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +27.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest butene and isomers thereof supplying countries in MENA were Iran ($X), the United Arab Emirates ($X) and Egypt ($X), together comprising 99% of total exports.

The United Arab Emirates, with a CAGR of +39.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 3.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 63%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.6%), while the other leaders experienced more modest paces of growth.

Imports of Butene (Butylene) And Isomers Thereof

Imports in MENA

For the fourth consecutive year, MENA recorded growth in purchases abroad of butene (butylene) and isomers thereof, which increased by 628% to X tons in 2021. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, butene and isomers thereof imports surged to $X in 2021. Overall, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) was the largest importer of butene (butylene) and isomers thereof, creating 87% of total imports. It was distantly followed by the United Arab Emirates (X tons), comprising a 12% share of total imports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of butene (butylene) and isomers thereof. At the same time, the United Arab Emirates (+29.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +29.0% from 2012-2021. While the share of Saudi Arabia (+87 p.p.) and the United Arab Emirates (+5.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in MENA, comprising 69% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 30% share of total imports.

In Saudi Arabia, butene and isomers thereof imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, reducing by -28.8% against the previous year. Over the period under review, the import price faced a deep downturn. The pace of growth appeared the most rapid in 2015 when the import price increased by 2.7%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia 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 (-4.8%).

Source: IndexBox Platform