Middle East: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in the Middle East

In 2021, the Middle Eastern butene and isomers thereof market increased by 2.6% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Production of Butene (Butylene) And Isomers Thereof in the Middle East

In value terms, butene and isomers thereof production stood at $X in 2021 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.2% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Exports of Butene (Butylene) And Isomers Thereof

Exports in the Middle East

In 2021, approx. X tons of butene (butylene) and isomers thereof were exported in the Middle East; increasing by 19% compared with the previous year's figure. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 322%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, butene and isomers thereof exports surged to $X in 2021. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 236% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Iran (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together creating 97% of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +27.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 99.9% share of total exports.

The United Arab Emirates, with a CAGR of +39.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, rising by 4.8% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, butene and isomers thereof export price decreased by -17.2% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 68%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 Iran ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Butene (Butylene) And Isomers Thereof

Imports in the Middle East

In 2021, approx. X tons of butene (butylene) and isomers thereof were imported in the Middle East; with an increase of 632% on 2020 figures. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, butene and isomers thereof imports surged to $X in 2021. Overall, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia was the main importing country with an import of around X tons, which amounted to 87% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing a 12% share of total imports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of butene (butylene) and isomers thereof. At the same time, the United Arab Emirates (+29.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +29.0% from 2012-2021. Saudi Arabia (+87 p.p.) and the United Arab Emirates (+4.3 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in the Middle East, comprising 69% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 30% share of total imports.

In Saudi Arabia, butene and isomers thereof imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, dropping by -28.5% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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 Saudi Arabia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.8%).

Source: IndexBox Platform

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