MENA: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in MENA

In 2021, the MENA's cyclohexanone and methylcyclohexanones market decreased by -7.3% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cyclohexanone And Methylcyclohexanones Production in MENA

In value terms, cyclohexanone and methylcyclohexanones production shrank to $X in 2021 estimated in export price. Over the period under review, production posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,268%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports in MENA

In 2021, overseas shipments of cyclohexanone and methylcyclohexanones increased by 167% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclohexanone and methylcyclohexanones exports soared to $X in 2021. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel prevails in exports structure, amounting to X tons, which was approx. 92% of total exports in 2021. Turkey (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) took a little share of total exports.

Israel was also the fastest-growing in terms of the cyclohexanone and methylcyclohexanones exports, with a CAGR of +61.2% from 2012 to 2021. At the same time, Saudi Arabia (+13.3%) and Turkey (+13.1%) displayed positive paces of growth. By contrast, the United Arab Emirates (-10.7%) illustrated a downward trend over the same period. While the share of Israel (+79 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-5.3 p.p.), Turkey (-7.1 p.p.) and the United Arab Emirates (-66.8 p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest cyclohexanone and methylcyclohexanones supplier in MENA, comprising 87% of total exports. The second position in the ranking was held by Turkey ($X), with a 3.7% share of total exports. It was followed by the United Arab Emirates, with a 2.6% share.

In Israel, cyclohexanone and methylcyclohexanones exports expanded at an average annual rate of +56.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+2.8% per year) and the United Arab Emirates (-12.7% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, picking up by 8.8% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Turkey ($X per ton) and the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.1%), while the other leaders experienced a decline in the export price figures.

Cyclohexanone And Methylcyclohexanones Imports

Imports in MENA

In 2021, supplies from abroad of cyclohexanone and methylcyclohexanones decreased by -7.2% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 90%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones imports rose to $X in 2021. Over the period under review, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 95% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Israel was the main importer of cyclohexanone and methylcyclohexanones in MENA, with the volume of imports accounting for X tons, which was near 62% of total imports in 2021. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 13% share, followed by Turkey (9.7%), Iran (6.6%) and Egypt (5.9%).

Israel was also the fastest-growing in terms of the cyclohexanone and methylcyclohexanones imports, with a CAGR of +49.4% from 2012 to 2021. At the same time, Egypt (+9.3%) and Turkey (+7.7%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Iran (-1.9%) illustrated a downward trend over the same period. While the share of Israel (+57 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Egypt (-2.1 p.p.), Turkey (-5.4 p.p.), Iran (-17.2 p.p.) and the United Arab Emirates (-28.5 p.p.) displayed negative dynamics.

In value terms, Israel ($X) constitutes the largest market for imported cyclohexanone and methylcyclohexanones in MENA, comprising 61% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Turkey, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +45.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-0.7% per year) and Turkey (+4.2% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, rising by 11% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Iran ($X per ton) and the United Arab Emirates ($X per ton), while Egypt ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform