MENA: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in MENA

In 2021, the MENA's peroxides of sodium market increased by 81% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Peroxides Of Sodium Production in MENA

In value terms, peroxides of sodium production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 34%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Peroxides Of Sodium Exports

Exports in MENA

In 2021, after four years of growth, there was significant decline in shipments abroad of peroxides of sodium or potassium, when their volume decreased by -66.8% to X tons. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 254% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined notably in the following year.

In value terms, peroxides of sodium exports dropped significantly to $X in 2021. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 173%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X tons), Saudi Arabia (X tons), Tunisia (X tons) and Israel (X tons) was the major exporter of peroxides of sodium or potassium in MENA, mixing up 83% of total export. Morocco (X tons) took the next position in the ranking, followed by Jordan (X tons). All these countries together held near 17% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +33.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest peroxides of sodium supplier in MENA, comprising 55% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 26% share of total exports. It was followed by Saudi Arabia, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +20.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (+20.7% per year) and Saudi Arabia (+7.3% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, surging by 146% against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+12.9%), while the other leaders experienced more modest paces of growth.

Peroxides Of Sodium Imports

Imports in MENA

In 2021, imports of peroxides of sodium or potassium in MENA totaled X tons, with an increase of 6.6% compared with 2020 figures. In general, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 94% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, peroxides of sodium imports skyrocketed to $X in 2021. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 129%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Syrian Arab Republic dominates imports structure, recording X tons, which was near 69% of total imports in 2021. Turkey (X tons) took the second position in the ranking, followed by Egypt (X tons), Iraq (X tons) and Libya (X tons). All these countries together took approx. 29% share of total imports.

Syrian Arab Republic was also the fastest-growing in terms of the peroxides of sodium or potassium imports, with a CAGR of +51.2% from 2012 to 2021. At the same time, Turkey (+39.7%), Libya (+35.9%), Egypt (+13.8%) and Iraq (+4.2%) displayed positive paces of growth. Syrian Arab Republic (+65 p.p.), Turkey (+8 p.p.) and Libya (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while Iraq saw its share reduced by -7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported peroxides of sodium or potassium in MENA, comprising 75% of total imports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 4% share of total imports. It was followed by Iraq, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +53.0%. The remaining importing countries recorded the following average annual rates of imports growth: Syrian Arab Republic (+25.9% per year) and Iraq (+10.0% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, with an increase of 61% against the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 72%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform