Middle East: O-Xylene Market 2025

O-Xylene Market Size in the Middle East

In 2022, after three years of growth, there was significant decline in the Middle Eastern o-xylene market, when its value decreased by -10.9% to $X. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then dropped in the following year.

O-Xylene Production in the Middle East

In value terms, o-xylene production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 6.3%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

O-Xylene Exports

Exports in the Middle East

In 2022, overseas shipments of o-xylene increased by 62% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2015 with an increase of 94% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, o-xylene exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel was the main exporting country with an export of around X tons, which reached 57% of total exports. It was distantly followed by the United Arab Emirates (X tons), Iran (X tons) and Oman (X tons), together making up a 43% share of total exports.

Exports from Israel decreased at an average annual rate of -2.8% from 2012 to 2022. At the same time, the United Arab Emirates (+52.7%) and Oman (+4.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +52.7% from 2012-2022. By contrast, Iran (-12.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+20 p.p.), Israel (+11 p.p.) and Oman (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (-15.3 p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest o-xylene supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Oman, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel amounted to -3.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+46.7% per year) and Oman (+3.6% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, increasing by 26% against the previous year. Overall, the export price, however, saw a noticeable downturn. The level of export peaked at $X per ton in 2012; however, from 2013 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 Israel ($X per ton), while Iran ($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 (-0.4%), while the other leaders experienced a decline in the export price figures.

O-Xylene Imports

Imports in the Middle East

In 2022, o-xylene imports in the Middle East reduced sharply to X tons, with a decrease of -92% compared with 2021 figures. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 1,106% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, o-xylene imports contracted sharply to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 879% against the previous year. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

Saudi Arabia dominates imports structure, resulting at X tons, which was approx. 77% of total imports in 2022. It was distantly followed by Iran (X tons) and Jordan (X tons), together comprising a 13% share of total imports. Oman (X tons), Lebanon (X tons) and Israel (X tons) took a minor share of total imports.

Saudi Arabia was also the fastest-growing in terms of the o-xylene imports, with a CAGR of +38.1% from 2012 to 2022. At the same time, Iran (+3.4%) and Israel (+2.7%) displayed positive paces of growth. By contrast, Oman (-9.7%), Jordan (-25.5%) and Lebanon (-25.9%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+77 p.p.) and Iran (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lebanon (-27 p.p.) and Jordan (-48.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported o-xylene in the Middle East, comprising 74% of total imports. The second position in the ranking was taken by Iran ($X), with a 12% share of total imports. It was followed by Oman, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at +10.1%. In the other countries, the average annual rates were as follows: Iran (+17.1% per year) and Oman (-4.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, falling by -14.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 an increase of 72%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+13.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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