MENA: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in MENA

The MENA's trichloroethylene and tetrachloroethylene market expanded notably to $X in 2021, increasing by 13% against the previous year. Over the period under review, consumption saw a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Trichloroethylene And Tetrachloroethylene Production in MENA

In value terms, trichloroethylene and tetrachloroethylene production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a prominent expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Trichloroethylene And Tetrachloroethylene Exports

Exports in MENA

In 2021, shipments abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) decreased by -6.3% to X tons, falling for the third year in a row after two years of growth. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports skyrocketed to $X in 2021. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 50% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) dominates exports structure, together mixing up 86% of total exports. It was distantly followed by Saudi Arabia (X tons) and Iran (X tons), together making up a 9.6% share of total exports. Israel (X tons) took a minor 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 Iran (with a CAGR of +19.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest trichloroethylene and tetrachloroethylene supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 95% share of total exports. Iran and Israel lagged somewhat behind, together accounting for a further 3.3%.

Iran, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, picking up by 31% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Trichloroethylene And Tetrachloroethylene Imports

Imports in MENA

In 2021, the amount of trichloroethylene and tetrachloroethylene (perchloroethylene) imported in MENA contracted to X tons, with a decrease of -13.5% against 2020. Overall, imports continue to indicate a mild slump. The growth pace was the most rapid in 2019 when imports increased by 25% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports soared to $X in 2021. In general, imports saw a perceptible setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey was the main importer of trichloroethylene and tetrachloroethylene (perchloroethylene) in MENA, with the volume of imports amounting to X tons, which was approx. 48% of total imports in 2021. The United Arab Emirates (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (9.3%) and Algeria (4.9%). Kuwait (X tons), Morocco (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to trichloroethylene and tetrachloroethylene imports into Turkey stood at -1.2%. At the same time, Kuwait (+11.8%), Egypt (+8.5%), the United Arab Emirates (+7.1%) and Algeria (+1.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of +11.8% from 2012-2021. By contrast, Morocco (-4.7%) and Israel (-9.7%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+11 p.p.), Egypt (+5.4 p.p.) and Kuwait (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Israel (-2.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest trichloroethylene and tetrachloroethylene importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Egypt ($X), with a combined 80% share of total imports.

The United Arab Emirates, with a CAGR of +8.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, jumping by 62% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Egypt ($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 (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform