Middle East: Chlorosulphuric Acid Market 2024

Chlorosulphuric Acid Market Size in the Middle East

In 2022, after three years of decline, there was growth in the Middle Eastern chlorosulphuric acid market, when its value increased by 0.3% to $X. Overall, consumption saw significant growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Chlorosulphuric Acid Production in the Middle East

In value terms, chlorosulphuric acid production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of 3% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the near future.

Chlorosulphuric Acid Exports

Exports in the Middle East

In 2022, overseas shipments of chlorosulphuric acid increased by 0.5% to X tons, rising for the eighth year in a row after two years of decline. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 22% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chlorosulphuric acid exports declined modestly to $X in 2022. Over the period under review, exports, however, saw a sharp setback. The pace of growth was the most pronounced in 2017 when exports increased by 10% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of chlorosulphuric acid, namely Oman, represented more than two-thirds of total export.

Oman was also the fastest-growing in terms of the chlorosulphuric acid exports, with a CAGR of -13.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) also remains the largest chlorosulphuric acid supplier in the Middle East.

From 2012 to 2022, the average annual rate of growth in terms of value in Oman amounted to -21.8%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, declining by -3% against the previous year. In general, the export price saw a abrupt decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to -9.6% per year.

Chlorosulphuric Acid Imports

Imports in the Middle East

In 2022, the amount of chlorosulphuric acid imported in the Middle East shrank markedly to X tons, which is down by -43.5% against 2021. Overall, imports faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 106%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, chlorosulphuric acid imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 150% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Jordan was the largest importer of chlorosulphuric acid in the Middle East, with the volume of imports resulting at X tons, which was approx. 71% of total imports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total imports with an 11% share, followed by Israel (5%). Lebanon (X tons), Turkey (X tons), Iran (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chlorosulphuric acid imports into Jordan stood at +21.3%. At the same time, Iran (+58.8%) and Turkey (+3.9%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +58.8% from 2012-2022. By contrast, Lebanon (-8.0%), Israel (-23.8%), Iraq (-27.7%) and the United Arab Emirates (-28.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Jordan, Turkey, Iran and Lebanon increased by +70, +3.1, +2.8 and +2.5 percentage points, respectively.

In value terms, the largest chlorosulphuric acid importing markets in the Middle East were Jordan ($X), Iran ($X) and Lebanon ($X), together accounting for 79% of total imports.

Iran, with a CAGR of +47.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by 1.8% against the previous year. Overall, the import price recorded mild growth. The growth pace was the most rapid in 2020 an increase of 98%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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