Middle East: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in the Middle East

For the third year in a row, the Middle Eastern aniline derivatives market recorded growth in sales value, which increased by 4.6% to $X in 2021. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.4% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Aniline Derivatives Production in the Middle East

In value terms, aniline derivatives production dropped slightly to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2020, and then declined slightly in the following year.

Aniline Derivatives Exports

Exports in the Middle East

Aniline derivatives exports declined markedly to X tons in 2021, with a decrease of -54.3% on the previous year's figure. In general, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 371%. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, aniline derivatives exports fell sharply to $X in 2021. Overall, exports showed a perceptible descent. The pace of growth was the most pronounced in 2020 when exports increased by 317% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Saudi Arabia (X tons) and Turkey (X tons) represented the key exporters of aniline derivatives and their salts in 2021, accounting for near 44% and 36% of total exports, respectively. It was distantly followed by the United Arab Emirates (X tons), making up a 20% 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 the United Arab Emirates (with a CAGR of +34.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Turkey ($X) remains the largest aniline derivatives supplier in the Middle East, comprising 72% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +5.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+34.4% per year) and Saudi Arabia (-6.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, shrinking by -7.8% against the previous year. Overall, the export price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 72% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat 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 Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Aniline Derivatives Imports

Imports in the Middle East

In 2021, approx. X tons of aniline derivatives and their salts were imported in the Middle East; picking up by 10% compared with 2020. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 148%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, aniline derivatives imports soared to $X in 2021. Overall, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 68% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X tons, which resulted at 85% of total imports. It was distantly followed by Iraq (X tons), comprising an 11% share of total imports. Turkey (X tons) took a relatively small share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the aniline derivatives and their salts imports, with a CAGR of +89.5% from 2012 to 2021. Iraq experienced a relatively flat trend pattern. Turkey (-3.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Iraq increased by +83 and +11 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported aniline derivatives and their salts in the Middle East, comprising 77% of total imports. The second position in the ranking was held by Iraq ($X), with a 7.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +67.0%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (0.0% per year) and Turkey (+1.9% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, picking up by 7.6% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by 73%. 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 Turkey ($X per ton), while Iraq ($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 (+5.4%).

Source: IndexBox Platform

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