Middle East: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in the Middle East

The Middle Eastern market for organo-sulphur compounds and other organo-inorganic compounds soared to $X in 2022, jumping by 15% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in the Middle East

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds stood at $X in 2022 estimated in export price. In general, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 54%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in overseas shipments of organo-sulphur compounds and other organo-inorganic compounds, when their volume decreased by -9.7% to X tons. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 35%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds expanded sharply to $X in 2022. Over the period under review, exports saw a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X tons) and Turkey (X tons) represented roughly 77% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), generating a 17% share of total exports. Kuwait (X tons) and Saudi Arabia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +52.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest organo-sulphur compounds and other organo-inorganic compounds supplier in the Middle East, comprising 59% of total exports. The second position in the ranking was held by Turkey ($X), with a 25% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

In Israel, exports of organo-sulphur compounds and other organo-inorganic compounds contracted by an average annual rate of -3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+19.3% per year) and the United Arab Emirates (+7.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by 17% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for organo-sulphur compounds and other organo-inorganic compounds increased by +30.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 43%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports in the Middle East

In 2022, imports of organo-sulphur compounds and other organo-inorganic compounds in the Middle East was estimated at X tons, flattening at 2021. Over the period under review, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 29% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds soared to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period 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 2018 with an increase of 29%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly 60% of total imports in 2022. Saudi Arabia (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Israel (8.8%) and Jordan (5.1%). Iran (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported organo-sulphur compounds and other organo-inorganic compounds in the Middle East, comprising 37% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Israel, with a 17% share.

In Turkey, imports of organo-sulphur compounds and other organo-inorganic compounds increased at an average annual rate of +6.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+10.0% per year) and Israel (+2.8% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by 15% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for organo-sulphur compounds and other organo-inorganic compounds increased by +85.0% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 40%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+17.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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