MENA: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in MENA

The MENA's aldehydes cyclic polymers market fell modestly to $X in 2022, which is down by -1.6% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Aldehydes Cyclic Polymers Production in MENA

In value terms, aldehydes cyclic polymers production declined slightly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Aldehydes Cyclic Polymers Exports

Exports in MENA

In 2022, aldehydes cyclic polymers exports in MENA reduced sharply to X tons, with a decrease of -40.2% against the previous year's figure. Over the period under review, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 48%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, aldehydes cyclic polymers exports reduced sharply to $X in 2022. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 50%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Saudi Arabia (X tons) was the key exporter of cyclic polymers of aldehydes, committing 73% of total exports. It was distantly followed by Egypt (X tons), committing a 23% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the cyclic polymers of aldehydes exports, with a CAGR of +53.4% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. Egypt (-25.0%) illustrated a downward trend over the same period. Saudi Arabia (+73 p.p.) and the United Arab Emirates (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by -76.3% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest aldehydes cyclic polymers supplier in MENA, comprising 83% of total exports. The second position in the ranking was taken by Egypt ($X), with a 14% share of total exports.

In Saudi Arabia, aldehydes cyclic polymers exports expanded at an average annual rate of +61.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (-26.9% per year) and the United Arab Emirates (-0.9% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2013 an increase of 22%. The level of export peaked 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 Saudi Arabia ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.5%), while the other leaders experienced a decline in the export price figures.

Aldehydes Cyclic Polymers Imports

Imports in MENA

Aldehydes cyclic polymers imports declined remarkably to X tons in 2022, which is down by -21.7% against the year before. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 97%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, aldehydes cyclic polymers imports skyrocketed to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 102%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Egypt prevails in imports structure, recording X tons, which was approx. 53% of total imports in 2022. Israel (X tons) held a 9.1% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (8.5%), Palestine (7.1%) and Iran (5%). The United Arab Emirates (X tons) and Libya (X tons) followed a long way behind the leaders.

Egypt was also the fastest-growing in terms of the cyclic polymers of aldehydes imports, with a CAGR of +55.2% from 2012 to 2022. At the same time, Palestine (+14.6%) and the United Arab Emirates (+11.3%) displayed positive paces of growth. Algeria experienced a relatively flat trend pattern. By contrast, Iran (-4.9%), Israel (-13.4%) and Libya (-17.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt, Palestine, Algeria and the United Arab Emirates increased by +53, +6, +3.5 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported cyclic polymers of aldehydes in MENA, comprising 73% of total imports. The second position in the ranking was taken by Israel ($X), with a 9.4% share of total imports. It was followed by Palestine, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in Egypt stood at +65.6%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (-7.3% per year) and Palestine (+18.9% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by 56% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 87% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+16.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform