Middle East: Chlorides Market 2024

Chlorides Market Size in the Middle East

In 2021, the Middle Eastern chlorides market decreased by -8.9% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Chlorides Production in the Middle East

In value terms, chlorides production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Chlorides Exports

Exports in the Middle East

In 2021, after four years of decline, there was growth in shipments abroad of chlorides (excluding ammonium chloride), when their volume increased by 3.6% to X tons. In general, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 46%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, chlorides exports expanded markedly to $X in 2021. Overall, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when exports increased by 80%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons) and the United Arab Emirates (X tons) represented the major exporters of chlorides (excluding ammonium chloride) in 2021, reaching near 34% and 29% of total exports, respectively. It was distantly followed by Turkey (X tons), Jordan (X tons) and Saudi Arabia (X tons), together achieving a 31% share of total exports. The following exporters - Kuwait (X tons) and Oman (X tons) - each amounted to a 3.8% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +30.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest chlorides supplier in the Middle East, comprising 68% of total exports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Israel was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+10.5% per year) and the United Arab Emirates (+8.7% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, with an increase of 7% against the previous year. Overall, the export price enjoyed prominent growth. The growth pace was the most rapid in 2018 when the export price increased by 199% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($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 (+21.6%), while the other leaders experienced more modest paces of growth.

Chlorides Imports

Imports in the Middle East

In 2021, after two years of growth, there was significant decline in purchases abroad of chlorides (excluding ammonium chloride), when their volume decreased by -53% to X tons. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 41%. The volume of import peaked at X tons in 2020, and then declined notably in the following year.

In value terms, chlorides imports reduced rapidly to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) represented the main importer of chlorides (excluding ammonium chloride), generating 35% of total imports. It was distantly followed by the United Arab Emirates (X tons), Oman (X tons), Kuwait (X tons) and Turkey (X tons), together comprising a 56% share of total imports. Qatar (X tons) and Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kuwait (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported chlorides (excluding ammonium chloride) in the Middle East, comprising 46% of total imports. The second position in the ranking was held by Turkey ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

In Saudi Arabia, chlorides imports increased at an average annual rate of +1.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+4.6% per year) and the United Arab Emirates (-0.2% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 65% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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