Middle East: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in the Middle East

The Middle Eastern synthetic organic colouring matters market declined notably to $X in 2022, dropping by -15.9% against the previous year. In general, consumption, however, recorded buoyant growth. The level of consumption peaked at $X in 2021, and then declined significantly in the following year.

Production of Other Synthetic Organic Colouring Matters in the Middle East

In value terms, synthetic organic colouring matters production contracted notably to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 93% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports in the Middle East

Synthetic organic colouring matters exports expanded to X tons in 2022, growing by 1.8% compared with the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +51.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, synthetic organic colouring matters exports rose remarkably to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +30.5% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was approx. 81% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), comprising a 7.5% share of total exports. The United Arab Emirates (X tons), Iran (X tons) and Kuwait (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to synthetic organic colouring matters exports from Turkey stood at +14.8%. At the same time, Kuwait (+24.6%) and Iran (+10.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +24.6% from 2012-2022. By contrast, Saudi Arabia (-3.7%) and the United Arab Emirates (-16.1%) illustrated a downward trend over the same period. While the share of Turkey (+46 p.p.) and Kuwait (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (-11.3 p.p.) and the United Arab Emirates (-34.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest synthetic organic colouring matters supplier in the Middle East, comprising 86% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.8% share of total exports. It was followed by Saudi Arabia, with a 4.2% share.

In Turkey, synthetic organic colouring matters exports expanded at an average annual rate of +15.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-10.3% per year) and Saudi Arabia (-3.6% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of 8.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.9%), while the other leaders experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports in the Middle East

In 2022, approx. X tons of other synthetic organic colouring matters were imported in the Middle East; dropping by -9.4% on 2021 figures. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 18%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, synthetic organic colouring matters imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

Turkey represented the largest importing country with an import of around X tons, which amounted to 73% of total imports. It was distantly followed by the United Arab Emirates (X tons), constituting a 13% share of total imports. The following importers - Iran (X tons), Iraq (X tons), Israel (X tons) and Kuwait (X tons) - together made up 9% of total imports.

Imports into Turkey increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Iraq (+18.7%), the United Arab Emirates (+7.9%), Kuwait (+7.8%) and Israel (+5.7%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +18.7% from 2012-2022. By contrast, Iran (-5.8%) illustrated a downward trend over the same period. While the share of Turkey (+14 p.p.), the United Arab Emirates (+5 p.p.) and Iraq (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported other synthetic organic colouring matters in the Middle East, comprising 73% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Israel, with a 4.5% share.

In Turkey, synthetic organic colouring matters imports expanded at an average annual rate of +4.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+10.7% per year) and Israel (+3.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by 7.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 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 Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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