MENA: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in MENA

The MENA's oxygen-function amino-compound market expanded significantly to $X in 2021, surging by 8.8% against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Oxygen-Function Amino-Compound Production in MENA

In value terms, oxygen-function amino-compound production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production saw a remarkable increase. The growth pace was the most rapid in 2014 when the production volume increased by 43%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Oxygen-Function Amino-Compound Exports

Exports in MENA

In 2021, overseas shipments of oxygen-function amino-compounds decreased by -1.1% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 108%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound exports soared to $X in 2021. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 63%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia dominates exports structure, finishing at X tons, which was approx. 92% of total exports in 2021. The following exporters - Iran (X tons) and the United Arab Emirates (X tons) - together made up 5.7% of total exports.

Saudi Arabia was also the fastest-growing in terms of the oxygen-function amino-compounds exports, with a CAGR of +17.6% from 2012 to 2021. At the same time, the United Arab Emirates (+7.7%) displayed positive paces of growth. By contrast, Iran (-6.4%) illustrated a downward trend over the same period. Saudi Arabia (+26 p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by -18.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest oxygen-function amino-compound supplier in MENA, comprising 82% of total exports. The second position in the ranking was held by Iran ($X), with a 3.4% share of total exports.

In Saudi Arabia, oxygen-function amino-compound exports increased at an average annual rate of +12.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (-9.0% per year) and the United Arab Emirates (+5.0% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, growing by 22% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.5%), while the other leaders experienced a decline in the export price figures.

Oxygen-Function Amino-Compound Imports

Imports in MENA

Oxygen-function amino-compound imports expanded significantly to X tons in 2021, growing by 5.7% compared with 2020 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, oxygen-function amino-compound imports reached $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 24%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented the key importers of oxygen-function amino-compounds in 2021, resulting at approx. 30% and 22% of total imports, respectively. Israel (X tons) held the next position in the ranking, followed by Saudi Arabia (X tons) and Egypt (X tons). All these countries together took near 23% share of total imports. Iran (X tons), Algeria (X tons), Jordan (X tons), Qatar (X tons), Morocco (X tons), Palestine (X tons) and Oman (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Palestine (with a CAGR of +44.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported oxygen-function amino-compounds in MENA, comprising 35% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Egypt, with an 11% share.

In Turkey, oxygen-function amino-compound imports expanded at an average annual rate of +5.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.3% per year) and Egypt (-1.3% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, with an increase of 5.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 13% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, 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 Algeria ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform