Middle East: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in the Middle East

The Middle Eastern cyclanes, cyclenes and cycloterpenes market amounted to $X in 2021, picking up by 8.4% against the previous year. Overall, consumption posted a remarkable increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in the Middle East

In value terms, cyclanes, cyclenes and cycloterpenes production shrank slightly to $X in 2021 estimated in export price. In general, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 53%. Over the period under review, production reached the maximum level at $X in 2020, and then fell slightly in the following year.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in the Middle East

In 2021, after two years of growth, there was significant decline in overseas shipments of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), when their volume decreased by -72.9% to X tons. In general, exports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2019 with an increase of 309%. Over the period under review, the exports hit record highs at X tons in 2020, and then reduced sharply in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes exports dropped markedly to $X in 2021. Overall, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2019 when exports increased by 169%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia represented the main exporter of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in the Middle East, with the volume of exports recording X tons, which was approx. 48% of total exports in 2021. Turkey (X tons) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (14%) and Israel (9.6%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +34.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2021, together accounting for 88% of total exports.

Turkey, with a CAGR of +26.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, jumping by 23% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 45%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

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 Turkey ($X per ton), while Saudi Arabia ($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 (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in the Middle East

In 2021, purchases abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) increased by 48% to X tons, rising for the second year in a row after two years of decline. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 144%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes imports surged to $X in 2021. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 127% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Turkey was the largest importer of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in the Middle East, with the volume of imports amounting to X tons, which was near 47% of total imports in 2021. Saudi Arabia (X tons) took a 30% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (9.4%) and Israel (8.8%). Iran (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 leading importing countries, was attained by Saudi Arabia (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclanes, cyclenes and cycloterpenes importing markets in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for 89% of total imports. These countries were followed by Israel and Iran, which together accounted for a further 9.7%.

Israel, with a CAGR of +24.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, surging by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2018 when the import price increased by 29%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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 Saudi Arabia ($X per ton), while Iran ($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 (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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