Middle East: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in the Middle East

The Middle Eastern market for compounds with other nitrogen function (excluding isocyanates) contracted remarkably to $X in 2022, waning by -26% against the previous year. In general, consumption, however, enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in the Middle East

In value terms, compounds with other nitrogen function production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by 115% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in the Middle East

In 2022, shipments abroad of compounds with other nitrogen function (excluding isocyanates) increased by 0.5% to X tons, rising for the second consecutive year after three years of decline. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 121% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 165%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey represented the major exporter of compounds with other nitrogen function (excluding isocyanates) in the Middle East, with the volume of exports reaching X tons, which was near 62% of total exports in 2022. It was distantly followed by Iran (X tons), committing a 29% share of total exports. The following exporters - the United Arab Emirates (X tons) and Israel (X tons) - each reached an 8.2% share of total exports.

Turkey was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of +13.0% from 2012 to 2022. At the same time, Israel (+9.7%) and Iran (+7.7%) displayed positive paces of growth. By contrast, the United Arab Emirates (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +23 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest compounds with other nitrogen function supplier in the Middle East, comprising 63% of total exports. The second position in the ranking was taken by Iran ($X), with a 21% share of total exports. It was followed by Israel, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +27.0%. In the other countries, the average annual rates were as follows: Iran (+5.6% per year) and Israel (+11.8% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, jumping by 20% against the previous year. In general, the export price saw a temperate expansion. The pace of growth was the most pronounced in 2017 an increase of 100% 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 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in the Middle East

In 2022, after two years of growth, there was significant decline in purchases abroad of compounds with other nitrogen function (excluding isocyanates), when their volume decreased by -20.8% to X tons. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 45%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function imports skyrocketed to $X in 2022. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey prevails in imports structure, recording X tons, which was near 86% of total imports in 2022. It was distantly followed by Israel (X tons), generating a 7.6% share of total imports. The following importers - Iraq (X tons) and the United Arab Emirates (X tons) - each reached a 4.7% share of total imports.

Imports into Turkey increased at an average annual rate of +12.9% from 2012 to 2022. At the same time, Iraq (+24.0%) and Israel (+13.6%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +24.0% from 2012-2022. By contrast, the United Arab Emirates (-3.9%) illustrated a downward trend over the same period. Turkey (+77 p.p.), Israel (+6.9 p.p.) and Iraq (+2.3 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, Turkey ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in the Middle East, comprising 84% of total imports. The second position in the ranking was taken by Israel ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 2% share.

In Turkey, compounds with other nitrogen function imports expanded at an average annual rate of +21.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+18.4% per year) and the United Arab Emirates (-6.2% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, jumping by 74% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function import price increased by +98.8% against 2020 indices. 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 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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