MENA: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in MENA

In 2022, the MENA's heterocyclic compound market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated pronounced growth from 2012 to 2022: its value 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. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Heterocyclic Compound Production in MENA

In value terms, heterocyclic compound production amounted to $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Heterocyclic Compound Exports

Exports in MENA

In 2022, overseas shipments of heterocyclic compounds increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, heterocyclic compound exports rose remarkably to $X in 2022. Overall, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the main exporter of heterocyclic compounds, constituting X% of total exports. It was distantly followed by Israel (X tons), mixing up an X% share of total exports. Turkey (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the heterocyclic compounds exports, with a CAGR of X% from 2012 to 2022. Turkey (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and Israel (X p.p.) displayed negative dynamics.

In value terms, Israel ($X), the United Arab Emirates ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Israel (X%), while the other leaders experienced a decline in the export price figures.

Heterocyclic Compound Imports

Imports in MENA

In 2022, supplies from abroad of heterocyclic compounds increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated notable growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, heterocyclic compound imports expanded significantly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Israel (X tons) represented the major importer of heterocyclic compounds, committing X% of total imports. Turkey (X tons) ranks second in terms of the total imports with an X% share, followed by Iran (X%), Oman (X%), the United Arab Emirates (X%) and Saudi Arabia (X%). Kuwait (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to heterocyclic compound imports into Israel stood at X%. At the same time, Oman (X%), the United Arab Emirates (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, Israel and the United Arab Emirates increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest heterocyclic compound importing markets in MENA were Israel ($X), Turkey ($X) and Iran ($X), together accounting for X% of total imports. The United Arab Emirates, Saudi Arabia, Oman and Kuwait lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Oman, with a CAGR of X%, saw 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

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform