Middle East: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in the Middle East

In 2021, the Middle Eastern peroxides of sodium market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2013; afterwards, it flattened through to 2021.

Peroxides Of Sodium Production in the Middle East

In value terms, peroxides of sodium production totaled $X in 2021 estimated in export price. Overall, production, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Peroxides Of Sodium Exports

Exports in the Middle East

In 2021, after five years of growth, there was significant decline in shipments abroad of peroxides of sodium or potassium, when their volume decreased by -74% to X tons. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by 474%. The volume of export peaked at X tons in 2020, and then reduced notably in the following year.

In value terms, peroxides of sodium exports fell remarkably to $X in 2021. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 263%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Turkey (X tons), Saudi Arabia (X tons) and Israel (X tons), together finishing at 90% of total export. It was distantly followed by Jordan (X tons), committing a 9.3% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +33.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) emerged as the largest peroxides of sodium supplier in the Middle East, comprising 78% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Jordan, with a 6% share.

In Turkey, peroxides of sodium exports increased at an average annual rate of +20.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+7.3% per year) and Jordan (+9.2% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with an increase of 198% against the previous year. In general, the export price, however, saw a noticeable descent. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+12.9%), while the other leaders experienced mixed trends in the export price figures.

Peroxides Of Sodium Imports

Imports in the Middle East

In 2021, overseas purchases of peroxides of sodium or potassium increased by 4.1% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 100% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, peroxides of sodium imports soared to $X in 2021. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 115% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Syrian Arab Republic was the major importer of peroxides of sodium or potassium in the Middle East, with the volume of imports finishing at X tons, which was near 80% of total imports in 2021. Turkey (X tons) ranks second in terms of the total imports with an 11% share, followed by Iraq (8.2%).

Syrian Arab Republic was also the fastest-growing in terms of the peroxides of sodium or potassium imports, with a CAGR of +51.2% from 2012 to 2021. At the same time, Turkey (+39.7%) and Iraq (+4.2%) displayed positive paces of growth. Syrian Arab Republic (+74 p.p.) and Turkey (+9.3 p.p.) significantly strengthened its position in terms of the total imports, while Iraq saw its share reduced by -7.2% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported peroxides of sodium or potassium in the Middle East, comprising 79% of total imports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 4.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +53.0%. In the other countries, the average annual rates were as follows: Syrian Arab Republic (+25.9% per year) and Iraq (+10.0% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, picking up by 83% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($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 (+9.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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