MENA: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in MENA

The MENA's market for compounds with other nitrogen function (excluding isocyanates) reduced markedly to $X in 2022, shrinking by -23.2% against the previous year. Overall, consumption, however, posted a noticeable expansion. The level of consumption peaked at $X in 2021, and then plummeted in the following year.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in MENA

In value terms, compounds with other nitrogen function production declined to $X in 2022 estimated in export price. In general, production, however, posted a prominent expansion. The growth pace was the most rapid in 2019 when the production volume increased by 106%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in MENA

In 2022, shipments abroad of compounds with other nitrogen function (excluding isocyanates) increased by 0.2% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 125% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports soared to $X in 2022. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 156% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X tons) was the major exporter of compounds with other nitrogen function (excluding isocyanates), committing 61% of total exports. It was distantly followed by Iran (X tons), making up a 29% share of total exports. The United Arab Emirates (X tons), Israel (X tons) and Egypt (X tons) took a minor share of total exports.

Turkey was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of +13.0% from 2012 to 2022. At the same time, Israel (+9.7%) and Iran (+7.7%) displayed positive paces of growth. Egypt experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +24 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest compounds with other nitrogen function supplier in MENA, comprising 62% of total exports. The second position in the ranking was taken by Iran ($X), with a 21% share of total exports. It was followed by Israel, with a 13% share.

In Turkey, compounds with other nitrogen function exports expanded at an average annual rate of +27.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (+5.6% per year) and Israel (+11.8% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by 20% against the previous year. In general, the export price posted a perceptible increase. The growth pace was the most rapid in 2017 an increase of 99%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in MENA

After two years of growth, purchases abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -18.6% to X tons in 2022. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 320%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, compounds with other nitrogen function imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 324% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey prevails in imports structure, reaching X tons, which was approx. 80% of total imports in 2022. It was distantly followed by Israel (X tons), mixing up a 7.1% share of total imports. The following importers - Iraq (X tons), the United Arab Emirates (X tons) and Morocco (X tons) - each accounted for a 6.2% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to compounds with other nitrogen function imports into Turkey stood at +12.9%. At the same time, Iraq (+24.0%), Israel (+13.6%) and Morocco (+7.7%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of +24.0% from 2012-2022. By contrast, the United Arab Emirates (-3.9%) illustrated a downward trend over the same period. While the share of Turkey (+72 p.p.), Israel (+6.4 p.p.), Iraq (+2.2 p.p.) and Morocco (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in MENA, comprising 80% of total imports. The second position in the ranking was held by Israel ($X), with a 10% share of total imports. It was followed by the United Arab Emirates, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +21.3%. In the other countries, the average annual rates were as follows: Israel (+18.4% per year) and the United Arab Emirates (-6.2% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, with an increase of 71% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function import price increased by +91.3% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform