Middle East: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in the Middle East

The Middle Eastern heterocyclic compound market reached $X in 2022, rising by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Heterocyclic Compound Production in the Middle East

In value terms, heterocyclic compound production amounted to $X in 2022 estimated in export price. Over the period under review, production posted a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Heterocyclic Compound Exports

Exports in the Middle East

After two years of decline, overseas shipments of heterocyclic compounds increased by X% to X tons in 2022. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, heterocyclic compound exports rose rapidly to $X in 2022. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Israel (X tons), creating an X% share of total exports. Turkey (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the heterocyclic compounds exports, with a CAGR of X% from 2012 to 2022. Turkey (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and Israel (X p.p.) displayed negative dynamics.

In value terms, the largest heterocyclic compound supplying countries in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Israel (X%), while the other leaders experienced a decline in the export price figures.

Heterocyclic Compound Imports

Imports in the Middle East

In 2022, purchases abroad of heterocyclic compounds increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, heterocyclic compound imports rose markedly to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Israel was the largest importer of heterocyclic compounds in the Middle East, with the volume of imports recording X tons, which was near X% of total imports in 2022. Turkey (X tons) took the second position in the ranking, distantly followed by Iran (X tons), Oman (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons). All these countries together took approx. X% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

Imports into Israel increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), the United Arab Emirates (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.), Israel (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.), Saudi Arabia (X p.p.) and Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), Turkey ($X) and Iran ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The United Arab Emirates, Saudi Arabia, Oman and Kuwait lagged somewhat behind, together comprising a further X%.

Oman, with a CAGR of X%, 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, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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