MENA: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in MENA

The MENA's compound plasticisers market fell rapidly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, recorded strong growth. The level of consumption peaked at $X in 2021, and then shrank markedly in the following year.

Compound Plasticisers Production in MENA

In value terms, compound plasticisers production shrank markedly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Compound Plasticisers Exports

Exports in MENA

In 2022, exports of compound plasticisers for rubber or plastics in MENA expanded significantly to X tons, rising by X% against 2021. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, compound plasticisers exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, the United Arab Emirates (X tons) and Bahrain (X tons) were the main exporters of compound plasticisers for rubber or plastics in MENA, together amounting to near X% of total exports. It was distantly followed by Saudi Arabia (X tons), comprising a X% share of total exports. Iran (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Compound Plasticisers Imports

Imports in MENA

In 2022, the amount of compound plasticisers for rubber or plastics imported in MENA soared to X tons, with an increase of X% compared with the previous year's figure. In general, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, compound plasticisers imports soared to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the largest importer of compound plasticisers for rubber or plastics, mixing up X% of total imports. Turkey (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons) and Egypt (X tons). All these countries together held near X% share of total imports. Iran (X tons), Qatar (X tons) and Djibouti (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Djibouti (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported compound plasticisers for rubber or plastics in MENA, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Saudi Arabia, compound plasticisers imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compound plasticisers import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform