Middle East: Ether Market 2024

Ether Market Size in the Middle East

The Middle Eastern ether market surged to $X in 2022, increasing by 33% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Ether Production in the Middle East

In value terms, ether production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Ether Exports

Exports in the Middle East

In 2022, ether exports in the Middle East was estimated at X tons, growing by 2.1% compared with 2021 figures. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +9.2% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 263%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ether exports shrank to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 225%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia dominates exports structure, recording X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Qatar (X tons), committing a 6.9% share of total exports. The following exporters - the United Arab Emirates (X tons) and Kuwait (X tons) - each reached a 3.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ether exports from Saudi Arabia stood at +4.3%. At the same time, Qatar (+7.7%) and Kuwait (+1.7%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +7.7% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. Qatar (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest ether supplier in the Middle East, comprising 81% of total exports. The second position in the ranking was taken by Qatar ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 2.9% share.

In Saudi Arabia, ether exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Qatar (+70.9% per year) and the United Arab Emirates (-4.6% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with a decrease of -7.4% against the previous year. In general, the export price showed a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of 33%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+58.8%), while the other leaders experienced a decline in the export price figures.

Ether Imports

Imports in the Middle East

Ether imports dropped to X tons in 2022, reducing by -4.6% compared with the previous year. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +1.2% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 50% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ether imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 49%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly 67% of total imports in 2022. It was distantly followed by Oman (X tons) and Israel (X tons), together mixing up a 26% share of total imports. The following importers - Jordan (X tons) and Saudi Arabia (X tons) - each amounted to a 4.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of +63.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, with a combined 80% share of total imports. Oman, Jordan and Saudi Arabia lagged somewhat behind, together accounting for a further 16%.

Jordan, with a CAGR of +31.9%, recorded 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

The import price in the Middle East stood at $X per ton in 2022, jumping by 24% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 41% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Jordan (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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