MENA: Quinones Market 2024

Quinones Market Size in MENA

After two years of growth, the MENA's quinones market decreased by -7.3% to $X in 2022. Over the period under review, consumption showed a significant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then shrank in the following year.

Quinones Production in MENA

In value terms, quinones production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 65%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Quinones Exports

Exports in MENA

After six years of decline, shipments abroad of quinones increased by 31% to X tons in 2022. Over the period under review, exports, however, showed a sharp contraction. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, quinones exports rose sharply to $X in 2022. Overall, exports, however, showed a precipitous decrease. The growth pace was the most rapid in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Israel (X tons) dominates exports structure, together making up 86% of total exports. It was distantly followed by Jordan (X kg), comprising a 9.6% share of total exports. Turkey (X kg) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +11.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest quinones supplier in MENA, comprising 81% of total exports. The second position in the ranking was taken by Israel ($X), with a 15% share of total exports. It was followed by Jordan, with a 2.8% share.

In the United Arab Emirates, quinones exports increased at an average annual rate of +32.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (-34.5% per year) and Jordan (-9.4% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with a decrease of -17.6% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 47% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.2%), while the other leaders experienced mixed trends in the export price figures.

Quinones Imports

Imports in MENA

In 2022, approx. X tons of quinones were imported in MENA; increasing by 5.6% compared with the previous year. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 119% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, quinones imports contracted slightly to $X in 2022. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 283%. The level of import peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Saudi Arabia (X tons) and Turkey (X tons) dominates imports structure, together creating 80% of total imports. It was distantly followed by Jordan (X tons), committing a 7.7% share of total imports. Egypt (X tons), Israel (X tons) and Morocco (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported quinones in MENA, comprising 59% of total imports. The second position in the ranking was taken by Turkey ($X), with a 27% share of total imports. It was followed by Egypt, with a 4.5% share.

In Saudi Arabia, quinones imports expanded at an average annual rate of +24.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+12.9% per year) and Egypt (+30.2% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, falling by -8.8% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 75% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

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 Saudi Arabia ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform