Middle East: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in the Middle East

In 2022, the Middle Eastern market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -2.8% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption saw a deep contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in the Middle East

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid rose sharply to $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of 176% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a somewhat lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports in the Middle East

In 2022, shipments abroad of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by 9.3% to X tons, rising for the third consecutive year after three years of decline. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.4% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 72% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid skyrocketed to $X in 2022. Over the period under review, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in the Middle East, committing 97% of total export.

Turkey was also the fastest-growing in terms of the dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports, with a CAGR of +3.9% from 2012 to 2022. While the share of Turkey (+11 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier in the Middle East.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +4.2%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of 7.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 64%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.3% per year.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports in the Middle East

In 2022, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in the Middle East declined modestly to X tons, which is down by -3.4% against 2021 figures. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 51%. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid dropped to $X in 2022. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) represented roughly 57% of total imports in 2022. Saudi Arabia (X tons) held the next position in the ranking, followed by Jordan (X tons) and Lebanon (X tons). All these countries together held approx. 27% share of total imports. Oman (X tons) and Israel (X tons) held a little 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 the United Arab Emirates (with a CAGR of +5.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2022, together accounting for 69% of total imports.

The United Arab Emirates, with a CAGR of +4.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in the Middle East amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 50%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Israel ($X per ton) and Jordan ($X per ton), while the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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