Middle East: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in the Middle East

In 2021, the Middle Eastern ionones and methylionones market increased by 11% to $X, rising for the fourth consecutive year after two years of decline. The total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +121.2% against 2017 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Ionones And Methylionones Production in the Middle East

In value terms, ionones and methylionones production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Ionones And Methylionones Exports

Exports in the Middle East

In 2021, shipments abroad of ionones and methylionones decreased by -82.8% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports, however, posted a moderate increase. The growth pace was the most rapid in 2017 with an increase of 314% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, ionones and methylionones exports declined sharply to $X in 2021. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 254%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Israel was the largest exporting country with an export of around X tons, which amounted to 81% of total exports. It was distantly followed by Turkey (X kg), mixing up a 19% share of total exports.

Israel experienced a relatively flat trend pattern with regard to volume of exports of ionones and methylionones. At the same time, Turkey (+44.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +44.4% from 2012-2021. From 2012 to 2021, the share of Turkey increased by +18 percentage points.

In value terms, Israel ($X) remains the largest ionones and methylionones supplier in the Middle East, comprising 88% of total exports. The second position in the ranking was held by Turkey ($X), with a 12% share of total exports.

In Israel, ionones and methylionones exports contracted by an average annual rate of -6.1% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, waning by -15.4% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of 34%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%).

Ionones And Methylionones Imports

Imports in the Middle East

In 2021, supplies from abroad of ionones and methylionones was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, ionones and methylionones imports rose significantly to $X in 2021. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 85%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey represented the largest importing country with an import of around X tons, which resulted at 80% of total imports. It was distantly followed by the United Arab Emirates (X tons), constituting a 16% share of total imports. Israel (X tons) took a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, the United Arab Emirates (+16.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +16.9% from 2012-2021. By contrast, Israel (-17.2%) illustrated a downward trend over the same period. While the share of Turkey (+17 p.p.) and the United Arab Emirates (+8.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Israel (-24.9 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported ionones and methylionones in the Middle East, comprising 79% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total imports.

In Turkey, ionones and methylionones imports expanded at an average annual rate of +11.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+12.6% per year) and Israel (-17.6% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, with a decrease of -2.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 35% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2020, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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