MENA: Hydantoin Market 2025

Hydantoin Market Size in MENA

The MENA's hydantoin market dropped to $X in 2022, declining by -2.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Hydantoin Production in MENA

In value terms, hydantoin production fell modestly to $X in 2022 estimated in export price. In general, production saw a slight descent. The growth pace was the most rapid in 2015 with an increase of 41%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Hydantoin Exports

Exports in MENA

In 2022, shipments abroad of hydantoin and its derivatives decreased by -26.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 184%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hydantoin exports shrank remarkably to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 121% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel dominates exports structure, accounting for X tons, which was near 95% of total exports in 2022. Turkey (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydantoin exports from Israel stood at -10.4%. Turkey experienced a relatively flat trend pattern. the United Arab Emirates (-1.7%) illustrated a downward trend over the same period. Turkey (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -2.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest hydantoin supplier in MENA, comprising 96% of total exports. The second position in the ranking was held by Turkey ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel stood at -8.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (-5.2% per year) and the United Arab Emirates (-14.3% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, shrinking by -5.7% against the previous year. Over the period under review, the export price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 79% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

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 Israel (+2.3%), while the other leaders experienced a decline in the export price figures.

Hydantoin Imports

Imports in MENA

In 2022, overseas purchases of hydantoin and its derivatives decreased by -7.8% to X tons, falling for the second year in a row after three years of growth. In general, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 44% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hydantoin imports shrank to $X in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the main importer of hydantoin and its derivatives in MENA, with the volume of imports resulting at X tons, which was near 52% of total imports in 2022. It was distantly followed by Israel (X tons), Tunisia (X tons) and the United Arab Emirates (X tons), together creating a 35% share of total imports. Egypt (X tons), Iran (X tons) and Lebanon (X tons) took a minor share of total imports.

Imports into Turkey increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, the United Arab Emirates (+29.1%), Lebanon (+13.0%), Tunisia (+11.2%) and Iran (+4.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +29.1% from 2012-2022. By contrast, Egypt (-8.9%) and Israel (-10.2%) illustrated a downward trend over the same period. While the share of Turkey (+26 p.p.), the United Arab Emirates (+4.4 p.p.) and Tunisia (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (-3.1 p.p.) and Israel (-25.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydantoin importing markets in MENA were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 76% of total imports.

The United Arab Emirates, with a CAGR of +32.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, falling by -7.3% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 an increase of 16%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform