MENA: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in MENA

The MENA's market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid fell to $X in 2022, shrinking by -9.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in MENA

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The growth pace was the most rapid in 2017 with an increase of 176% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a somewhat lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports in MENA

In 2022, shipments abroad of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by 8.7% to X tons, rising for the third year in a row after three years of decline. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 58%. Over the period under review, the exports of attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid soared to $X in 2022. Overall, exports posted a pronounced expansion. The pace of growth appeared the most rapid in 2021 with an increase of 74%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey dominates acid structure, finishing at X tons, which was near 94% of total exports in 2022. Tunisia (X tons) took a little share of total exports.

Turkey was also the fastest-growing in terms of the dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports, with a CAGR of +3.9% from 2012 to 2022. Tunisia (-8.6%) illustrated a downward trend over the same period. While the share of Turkey (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tunisia (-6.2 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier in MENA, comprising 94% of total exports. The second position in the ranking was held by Tunisia ($X), with a 3.5% share of total exports.

In Turkey, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid expanded at an average annual rate of +4.2% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of 7.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+1.4%).

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports in MENA

In 2022, supplies from abroad of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -15.2% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 18%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid fell to $X in 2022. In general, imports showed a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt represented the main importing country with an import of about X tons, which amounted to 36% of total imports. Morocco (X tons) held the second position in the ranking, followed by Algeria (X tons), the United Arab Emirates (X tons), Turkey (X tons) and Saudi Arabia (X tons). All these countries together took approx. 50% share of total imports. Djibouti (X tons) followed a long way behind the leaders.

Egypt was also the fastest-growing in terms of the dibutyl and dioctyl orthophthalates other esters of orthophthalic acid imports, with a CAGR of +9.0% from 2012 to 2022. At the same time, the United Arab Emirates (+5.8%) displayed positive paces of growth. By contrast, Morocco (-1.3%), Algeria (-1.7%), Saudi Arabia (-2.8%), Djibouti (-4.8%) and Turkey (-8.9%) illustrated a downward trend over the same period. While the share of Egypt (+23 p.p.) and the United Arab Emirates (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (-9.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in MENA, comprising 38% of total imports. The second position in the ranking was taken by Morocco ($X), with a 17% share of total imports. It was followed by Algeria, with an 11% share.

In Egypt, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid expanded at an average annual rate of +9.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+0.7% per year) and Algeria (-2.0% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by 9.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 50%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Morocco ($X per ton) and Egypt ($X per ton), while Djibouti ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform