Middle East: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in the Middle East

The Middle Eastern oxygen-function amino-compound market expanded markedly to $X in 2021, with an increase of 6.6% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Oxygen-Function Amino-Compound Production in the Middle East

In value terms, oxygen-function amino-compound production shrank modestly to $X in 2021 estimated in export price. In general, production recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 43%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Oxygen-Function Amino-Compound Exports

Exports in the Middle East

In 2021, overseas shipments of oxygen-function amino-compounds decreased by -1% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 111%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports soared to $X in 2021. Over the period under review, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 67%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia prevails in exports structure, amounting to X tons, which was approx. 92% of total exports in 2021. Iran (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the oxygen-function amino-compounds exports, with a CAGR of +17.6% from 2012 to 2021. At the same time, the United Arab Emirates (+7.7%) displayed positive paces of growth. By contrast, Iran (-6.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia increased by +26 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest oxygen-function amino-compound supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was held by Iran ($X), with a 3.4% share of total exports.

In Saudi Arabia, oxygen-function amino-compound exports expanded at an average annual rate of +12.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (-9.0% per year) and the United Arab Emirates (+5.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, rising by 22% against the previous year. In general, the export price, however, showed a abrupt downturn. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.5%), while the other leaders experienced a decline in the export price figures.

Oxygen-Function Amino-Compound Imports

Imports in the Middle East

In 2021, approx. X tons of oxygen-function amino-compounds were imported in the Middle East; increasing by 3.7% against 2020. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 18%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, oxygen-function amino-compound imports totaled $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) and the United Arab Emirates (X tons) represented the largest importers of oxygen-function amino-compounds in the Middle East, together constituting 61% of total imports. Israel (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (8%) and Iran (5%). The following importers - Jordan (X tons) and Qatar (X tons) - each resulted at a 6.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +18.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported oxygen-function amino-compounds in the Middle East, comprising 45% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Israel, with a 14% share.

In Turkey, oxygen-function amino-compound imports increased at an average annual rate of +5.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.3% per year) and Israel (-1.6% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, rising by 8.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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