MENA: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in MENA

In 2021, the MENA's industrial monocarboxylic fatty acids market increased by 2% to $X, rising for the fifth year in a row after four years of decline. The total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.7% against 2016 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Industrial Monocarboxylic Fatty Acids in MENA

In value terms, industrial monocarboxylic fatty acids production shrank to $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 23%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in MENA

In 2021, shipments abroad of industrial monocarboxylic fatty acids increased by 102% to X tons, rising for the second year in a row after four years of decline. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. In general, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) was the key exporter of industrial monocarboxylic fatty acids, generating 33% of total exports. Iran (X tons) held the second position in the ranking, followed by Saudi Arabia (X tons), Morocco (X tons), Egypt (X tons), Israel (X tons) and Tunisia (X tons). All these countries together held near 60% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to industrial monocarboxylic fatty acids exports from Turkey stood at +14.2%. At the same time, Iran (+74.0%), Saudi Arabia (+24.9%), Tunisia (+12.4%), Morocco (+9.7%) and Egypt (+6.3%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +74.0% from 2012-2021. Israel experienced a relatively flat trend pattern. Iran (+15 p.p.), Saudi Arabia (+9.6 p.p.) and Turkey (+5.4 p.p.) significantly strengthened its position in terms of the total exports, while Morocco, Egypt and Israel saw its share reduced by -1.6%, -4.5% and -14.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial monocarboxylic fatty acids supplying countries in MENA were Turkey ($X), Saudi Arabia ($X) and Iran ($X), together accounting for 64% of total exports.

In terms of the main exporting countries, Iran, with a CAGR of +65.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, jumping by 48% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in MENA

In 2021, after four years of decline, there was significant growth in purchases abroad of industrial monocarboxylic fatty acids, when their volume increased by 77% to X tons. Total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the major importer of industrial monocarboxylic fatty acids, generating 46% of total imports. Israel (X tons) held the second position in the ranking, distantly followed by Djibouti (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons). All these countries together took near 43% share of total imports. Egypt (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 77% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +13.0%, 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

The import price in MENA stood at $X per ton in 2021, increasing by 20% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 22% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform