MENA: Peroxosulphates Market 2024

Peroxosulphates Market Size in MENA

The MENA's peroxosulphates market contracted dramatically to $X in 2021, declining by -49.8% against the previous year. Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Peroxosulphates Production in MENA

In value terms, peroxosulphates production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.6%. The level of production peaked at $X in 2020, and then dropped modestly in the following year.

Peroxosulphates Exports

Exports in MENA

Peroxosulphates exports skyrocketed to X tons in 2021, increasing by 76% against 2020. Overall, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, peroxosulphates exports soared to $X in 2021. Over the period under review, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was near 96% of total exports in 2021. The following exporters - Jordan (X tons) and Saudi Arabia (X tons) - each reached a 3.9% share of total exports.

Exports from Turkey increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Saudi Arabia (+42.4%) and Jordan (+8.5%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +42.4% from 2012-2021. While the share of Saudi Arabia (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest peroxosulphates supplier in MENA, comprising 94% of total exports. The second position in the ranking was held by Jordan ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +12.3%. In the other countries, the average annual rates were as follows: Jordan (+16.2% per year) and Saudi Arabia (+32.6% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, with an increase of 2.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.1%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($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 (+7.0%), while the other leaders experienced mixed trends in the export price figures.

Peroxosulphates Imports

Imports in MENA

In 2021, imports of peroxosulphates (persulphates) in MENA reduced remarkably to X tons, dropping by -31.3% against 2020 figures. Over the period under review, imports saw a slight reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 100% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, peroxosulphates imports shrank modestly to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 23% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of peroxosulphates (persulphates), namely the United Arab Emirates, Turkey, Egypt and Iran, represented more than two-thirds of total import. Tunisia (X tons), Israel (X tons), Morocco (X tons) and Syrian Arab Republic (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest peroxosulphates importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Egypt ($X), with a combined 54% share of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +21.2%, 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

In 2021, the import price in MENA amounted to $X per ton, increasing by 41% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the import price increased by 106%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Morocco ($X per ton), while the United Arab Emirates ($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 (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform