MENA: Market for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons 2024

Market Size for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in MENA

In 2022, the MENA's cyclanic, cyclenic hydrocarbons derivatives market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption, however, saw a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in MENA

In value terms, cyclanic, cyclenic hydrocarbons derivatives production rose slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 156%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Exports in MENA

Cyclanic, cyclenic hydrocarbons derivatives exports fell rapidly to X tons in 2022, with a decrease of -22.7% against 2021 figures. Over the period under review, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2019 with an increase of 855% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cyclanic, cyclenic hydrocarbons derivatives exports soared to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 514%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey was the major exporter of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons in MENA, with the volume of exports amounting to X tons, which was near 85% of total exports in 2022. It was distantly followed by Israel (X tons), comprising a 15% share of total exports.

Turkey was also the fastest-growing in terms of the halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons exports, with a CAGR of +7.5% from 2012 to 2022. Israel (-9.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +36 percentage points.

In value terms, Turkey ($X) remains the largest cyclanic, cyclenic hydrocarbons derivatives supplier in MENA, comprising 90% of total exports. The second position in the ranking was held by Israel ($X), with a 6% share of total exports.

In Turkey, cyclanic, cyclenic hydrocarbons derivatives exports expanded at an average annual rate of +34.3% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by 85% against the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 90% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Israel amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.9%).

Imports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Imports in MENA

In 2022, overseas purchases of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, saw a precipitous slump. The growth pace was the most rapid in 2017 when imports increased by 51% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives imports surged to $X in 2022. Overall, imports, however, faced a dramatic downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Morocco represented the major importing country with an import of about X tons, which finished at 55% of total imports. Kuwait (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Israel (13%). Syrian Arab Republic (X tons), Algeria (X tons), Iran (X tons) and Turkey (X tons) held a little share of total imports.

Imports into Morocco increased at an average annual rate of +35.9% from 2012 to 2022. At the same time, Iran (+48.8%), Algeria (+43.5%) and Syrian Arab Republic (+4.5%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in MENA, with a CAGR of +48.8% from 2012-2022. By contrast, Kuwait (-15.0%), Israel (-38.8%) and Turkey (-49.3%) illustrated a downward trend over the same period. Morocco (+55 p.p.), Kuwait (+15 p.p.), Syrian Arab Republic (+3.5 p.p.), Algeria (+3.2 p.p.) and Iran (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Israel and Turkey saw its share reduced by -28.3% and -45.1% from 2012 to 2022, respectively.

In value terms, Israel ($X), Turkey ($X) and Iran ($X) were the countries with the highest levels of imports in 2022, with a combined 73% share of total imports. Algeria, Kuwait, Morocco and Syrian Arab Republic lagged somewhat behind, together accounting for a further 16%.

In terms of the main importing countries, Algeria, with a CAGR of +40.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in 2019 when the import price increased by 62%. The level of import peaked in 2022 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 Turkey ($X per ton), while Morocco ($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 (+47.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform