Middle East: Carboxylic Acid Market 2025

Carboxylic Acid Market Size in the Middle East

The Middle Eastern carboxylic acid market surged to $X in 2021, rising by 19% against the previous year. The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Carboxylic Acid Production in the Middle East

In value terms, carboxylic acid production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 62%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Carboxylic Acid Exports

Exports in the Middle East

In 2021, shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions increased by 5.9% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 200% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, carboxylic acid exports soared to $X in 2021. Total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.6% against 2016 indices. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Israel was the major exporter of carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the Middle East, with the volume of exports accounting for X tons, which was approx. 52% of total exports in 2021. Turkey (X tons) ranks second in terms of the total exports with a 29% share, followed by Saudi Arabia (10%). The United Arab Emirates (X tons) and Lebanon (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest carboxylic acid supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.8% share of total exports. It was followed by Saudi Arabia, with a 3% share.

From 2012 to 2021, the average annual growth rate of value in Israel was relatively modest. In the other countries, the average annual rates were as follows: Turkey (+12.6% per year) and Saudi Arabia (+18.9% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, surging by 18% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 351%. Over the period under review, the export 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 exporting countries. In 2021, the country with the highest price was Israel ($X per ton), while Lebanon ($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 (+25.9%), while the other leaders experienced mixed trends in the export price figures.

Carboxylic Acid Imports

Imports in the Middle East

In 2021, overseas purchases of carboxylic acid with alcohol, phenol, aldehyde or ketone functions increased by 14% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +5.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, carboxylic acid imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.8% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Israel (X tons) and Bahrain (X tons) represented the largest importers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, together achieving 87% of total imports. The following importers - Iran (X tons) and Qatar (X tons) - each finished at a 7.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bahrain (with a CAGR of +23.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carboxylic acid importing markets in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined 72% share of total imports. Saudi Arabia, Iran, Bahrain and Qatar lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, Bahrain, with a CAGR of +24.3%, saw 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

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per ton), while Qatar ($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 (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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