MENA: Market for Organic Derivatives Of Hydrazine Or Of Hydroxylamine 2024

Market Size for Organic Derivatives Of Hydrazine Or Of Hydroxylamine in MENA

The MENA's hydrazine and hydroxylamine derivatives market contracted modestly to $X in 2022, with a decrease of -4.5% against the previous year. Over the period under review, consumption saw a abrupt curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Organic Derivatives Of Hydrazine Or Of Hydroxylamine in MENA

In value terms, hydrazine and hydroxylamine derivatives production reduced to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Exports in MENA

In 2022, overseas shipments of organic derivatives of hydrazine or of hydroxylamine increased by 1% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 62%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydrazine and hydroxylamine derivatives exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 67%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the key exporter of organic derivatives of hydrazine or of hydroxylamine, making up 52% of total exports. Turkey (X tons) held the second position in the ranking, distantly followed by Israel (X tons) and Saudi Arabia (X tons). All these countries together took approx. 43% share of total exports. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Jordan (with a CAGR of +42.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hydrazine and hydroxylamine derivatives supplying countries in MENA were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), together accounting for 96% of total exports. Saudi Arabia and Jordan lagged somewhat behind, together comprising a further 2.9%.

Among the main exporting countries, Jordan, with a CAGR of +23.5%, recorded the highest growth rate of 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

In 2022, the export price in MENA amounted to $X per ton, rising by 35% against the previous year. In general, the export price, however, continues to indicate a slight downturn. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Jordan ($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 (+13.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Imports in MENA

In 2022, the amount of organic derivatives of hydrazine or of hydroxylamine imported in MENA reduced to X tons, with a decrease of -8.4% on the previous year. Overall, imports saw a mild contraction. The most prominent rate of growth was recorded in 2019 with an increase of 31%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, hydrazine and hydroxylamine derivatives imports skyrocketed to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +57.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel represented the main importing country with an import of about X tons, which accounted for 45% of total imports. Turkey (X tons) ranks second in terms of the total imports with a 16% share, followed by the United Arab Emirates (16%), Egypt (5.4%) and Iran (4.9%). Morocco (X tons) and Iraq (X tons) followed a long way behind the leaders.

Imports into Israel decreased at an average annual rate of -4.3% from 2012 to 2022. At the same time, Iraq (+16.5%), Morocco (+6.6%), Turkey (+4.4%) and the United Arab Emirates (+3.1%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of +16.5% from 2012-2022. By contrast, Iran (-2.4%) and Egypt (-3.7%) illustrated a downward trend over the same period. While the share of Turkey (+7.4 p.p.) and the United Arab Emirates (+6.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (-13.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydrazine and hydroxylamine derivatives importing markets in MENA were Turkey ($X), Israel ($X) and Iran ($X), with a combined 77% share of total imports. The United Arab Emirates, Egypt, Morocco and Iraq lagged somewhat behind, together accounting for a further 14%.

Iraq, with a CAGR of +21.1%, saw the highest growth rate of the value of imports, in terms of 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

The import price in MENA stood at $X per ton in 2022, picking up by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2020 when the import price increased by 31% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform