MENA: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in MENA

In 2021, the MENA's ionones and methylionones market increased by 11% to $X, rising for the fourth year in a row after two years of decline. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 +118.1% against 2017 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Ionones And Methylionones Production in MENA

In value terms, ionones and methylionones production dropped to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Ionones And Methylionones Exports

Exports in MENA

In 2021, shipments abroad of ionones and methylionones decreased by -82.8% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 314% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, ionones and methylionones exports dropped remarkably to $X in 2021. Over the period under review, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 254%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Israel represented the major exporting country with an export of around X tons, which amounted to 81% of total exports. It was distantly followed by Turkey (X kg), making up a 19% share of total exports.

Israel experienced a relatively flat trend pattern with regard to volume of exports of ionones and methylionones. At the same time, Turkey (+44.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +44.4% from 2012-2021. From 2012 to 2021, the share of Turkey increased by +18 percentage points.

In value terms, Israel ($X) remains the largest ionones and methylionones supplier in MENA, comprising 88% of total exports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel amounted to -6.1%.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, waning by -15.4% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 an increase of 34%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%).

Ionones And Methylionones Imports

Imports in MENA

In 2021, ionones and methylionones imports in MENA stood at X tons, surging by 14% against the year before. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, ionones and methylionones imports amounted to $X in 2021. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 80% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey was the key importer of ionones and methylionones in MENA, with the volume of imports accounting for X tons, which was near 78% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), committing a 16% share of total imports. The following importers - Tunisia (X tons) and Israel (X tons) - together made up 5.2% of total imports.

From 2012 to 2021, average annual rates of growth with regard to ionones and methylionones imports into Turkey stood at +11.0%. At the same time, the United Arab Emirates (+16.9%) and Tunisia (+14.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +16.9% from 2012-2021. By contrast, Israel (-17.2%) illustrated a downward trend over the same period. Turkey (+28 p.p.) and the United Arab Emirates (+9.3 p.p.) significantly strengthened its position in terms of the total imports, while Israel saw its share reduced by -19.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported ionones and methylionones in MENA, comprising 77% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by Tunisia, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +11.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+12.6% per year) and Tunisia (+10.2% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, which is down by -2.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 36%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform