MENA: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in MENA

For the eighth consecutive year, the MENA's cyclanes, cyclenes and cycloterpenes market recorded growth in sales value, which increased by 6% to $X in 2021. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +106.9% against 2013 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in MENA

In value terms, cyclanes, cyclenes and cycloterpenes production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped modestly in the following year.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in MENA

After three years of growth, shipments abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -65.5% to X tons in 2021. In general, exports, however, recorded moderate growth. The growth pace was the most rapid in 2019 when exports increased by 147%. The volume of export peaked at X tons in 2020, and then dropped remarkably in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes exports declined notably to $X in 2021. Over the period under review, exports, however, saw noticeable growth. The pace of growth was the most pronounced in 2014 with an increase of 96% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Saudi Arabia (X tons), Egypt (X tons) and Turkey (X tons), together accounting for 78% of total export. It was distantly followed by the United Arab Emirates (X tons) and Israel (X tons), together constituting a 17% share of total exports. Tunisia (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Tunisia (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cyclanes, cyclenes and cycloterpenes supplying countries in MENA were Egypt ($X), Turkey ($X) and Saudi Arabia ($X), with a combined 81% share of total exports. The United Arab Emirates, Israel and Tunisia lagged somewhat behind, together comprising a further 19%.

Among the main exporting countries, Tunisia, with a CAGR of +37.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, with an increase of 40% against the previous year. Export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.5%), while the other leaders experienced more modest paces of growth.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in MENA

In 2021, purchases abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) increased by 49% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 121% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes imports skyrocketed to $X in 2021. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 115% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Turkey (X tons) was the largest importer of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), creating 42% of total imports. It was distantly followed by Saudi Arabia (X tons), Egypt (X tons), the United Arab Emirates (X tons) and Israel (X tons), together comprising a 52% share of total imports. The following importers - Iran (X tons) and Algeria (X tons) - each amounted to a 4.6% 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 Saudi Arabia (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclanes, cyclenes and cycloterpenes importing markets in MENA were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for 79% of total imports. These countries were followed by Egypt, Israel, Iran and Algeria, which together accounted for a further 19%.

In terms of the main importing countries, Israel, with a CAGR of +24.3%, 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

The import price in MENA stood at $X per ton in 2021, picking up by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. 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, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform