Report MENA - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

MENA - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

MENA: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in MENA

The MENA's sulphuric acid market declined slightly to $X in 2022, dropping by -3.2% against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +12.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then fell slightly in the following year.

Sulphuric Acid Production in MENA

In value terms, sulphuric acid production amounted to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 41%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Sulphuric Acid Exports

Exports in MENA

Sulphuric acid exports soared to X tons in 2022, picking up by 38% compared with 2021 figures. In general, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 1,656%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, sulphuric acid exports soared to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 1,436%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was near 89% of total exports in 2022. It was distantly followed by Egypt (X tons), constituting a 4.8% share of total exports. The following exporters - Saudi Arabia (X tons) and Iran (X tons) - together made up 5.1% of total exports.

Turkey was also the fastest-growing in terms of the sulphuric acid and oleum exports, with a CAGR of +84.7% from 2012 to 2022. At the same time, Egypt (+10.5%) displayed positive paces of growth. By contrast, Saudi Arabia (-6.7%) and Iran (-11.9%) illustrated a downward trend over the same period. While the share of Turkey (+88 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (-3.2 p.p.), Saudi Arabia (-21.1 p.p.) and Iran (-37.2 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest sulphuric acid supplier in MENA, comprising 82% of total exports. The second position in the ranking was taken by Egypt ($X), with a 5.8% share of total exports. It was followed by Iran, with a 5% share.

In Turkey, sulphuric acid exports expanded at an average annual rate of +74.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+18.0% per year) and Iran (-13.3% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with a decrease of -12.9% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by 213%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while Turkey ($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 (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Sulphuric Acid Imports

Imports in MENA

Sulphuric acid imports surged to X tons in 2022, rising by 15% on the previous year. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 121% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, sulphuric acid imports rose rapidly to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 195% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Morocco (X tons) represented the main importer of sulphuric acid and oleum, creating 69% of total imports. It was distantly followed by Turkey (X tons), comprising a 28% share of total imports. Israel (X tons) followed a long way behind the leaders.

Morocco was also the fastest-growing in terms of the sulphuric acid and oleum imports, with a CAGR of +22.2% from 2012 to 2022. At the same time, Turkey (+14.1%) and Israel (+9.0%) displayed positive paces of growth. While the share of Morocco (+19 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (-2.2 p.p.) and Turkey (-13 p.p.) displayed negative dynamics.

In value terms, Morocco ($X) constitutes the largest market for imported sulphuric acid and oleum in MENA, comprising 62% of total imports. The second position in the ranking was taken by Turkey ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Morocco stood at +20.4%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+15.4% per year) and Israel (+13.7% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 34% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Israel ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the sulphuric acid market in MENA. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20132434 - Sulphuric acid, oleum

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in MENA, split by region and country
  • Trade (exports and imports) in MENA
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Algeria
    • Bahrain
    • Djibouti
    • Egypt
    • Iran
    • Iraq
    • Israel
    • Jordan
    • Kuwait
    • Lebanon
    • Libya
    • Morocco
    • Oman
    • Palestine
    • Qatar
    • Saudi Arabia
    • Syrian Arab Republic
    • Tunisia
    • Turkey
    • United Arab Emirates
    • Yemen
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Free Data: Sulphuric Acid And Oleum - MENA