Middle East: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in the Middle East

The Middle Eastern aldehydes cyclic polymers market declined to $X in 2022, with a decrease of -11.9% against the previous year. Over the period under review, consumption saw a abrupt decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Aldehydes Cyclic Polymers Production in the Middle East

In value terms, aldehydes cyclic polymers production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 49%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Aldehydes Cyclic Polymers Exports

Exports in the Middle East

In 2022, the amount of cyclic polymers of aldehydes exported in the Middle East declined rapidly to X tons, dropping by -33.3% on the previous year. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2015 when exports increased by 631%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers exports reduced dramatically to $X in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 533% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia prevails in exports structure, finishing at X tons, which was near 94% of total exports in 2022. The following exporters - the United Arab Emirates (X tons) and Jordan (X tons) - together made up 5.9% of total exports.

Saudi Arabia was also the fastest-growing in terms of the cyclic polymers of aldehydes exports, with a CAGR of +53.4% from 2012 to 2022. Jordan and the United Arab Emirates experienced a relatively flat trend pattern. Saudi Arabia (+94 p.p.) and Jordan (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -76.7% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest aldehydes cyclic polymers supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to +61.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-0.9% per year) and Jordan (0.0% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price enjoyed a measured increase. The pace of growth was the most pronounced in 2019 an increase of 51%. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.5%).

Aldehydes Cyclic Polymers Imports

Imports in the Middle East

In 2022, imports of cyclic polymers of aldehydes in the Middle East shrank dramatically to X tons, reducing by -44% against the previous year's figure. Overall, imports faced a deep setback. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers imports fell rapidly to $X in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 44%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the six major importers of cyclic polymers of aldehydes, namely Israel, Palestine, Iran, the United Arab Emirates, Turkey and Oman, represented more than two-thirds of total import. Iraq (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Palestine (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Palestine ($X) and Iran ($X) were the countries with the highest levels of imports in 2022, with a combined 79% share of total imports.

Palestine, with a CAGR of +18.9%, 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 2022, the import price in the Middle East amounted to $X per ton, rising by 24% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 55%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($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 (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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