Middle East: Peroxosulphates Market 2024

Peroxosulphates Market Size in the Middle East

The Middle Eastern peroxosulphates market reduced remarkably to $X in 2021, with a decrease of -63.1% against the previous year. Overall, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Peroxosulphates Production in the Middle East

In value terms, peroxosulphates production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 9.6% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced slightly in the following year.

Peroxosulphates Exports

Exports in the Middle East

Peroxosulphates exports surged to X tons in 2021, jumping by 76% on 2020. Overall, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, peroxosulphates exports soared to $X in 2021. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was approx. 96% of total exports in 2021. The following exporters - Jordan (X tons) and Saudi Arabia (X tons) - each accounted for a 3.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to peroxosulphates exports from Turkey stood at +11.3%. At the same time, Saudi Arabia (+42.4%) and Jordan (+8.5%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +42.4% from 2012-2021. Saudi Arabia (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest peroxosulphates supplier in the Middle East, comprising 95% of total exports. The second position in the ranking was taken by Jordan ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +12.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Jordan (+16.2% per year) and Saudi Arabia (+32.6% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with an increase of 2.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 8% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($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 (+7.0%), while the other leaders experienced mixed trends in the export price figures.

Peroxosulphates Imports

Imports in the Middle East

Peroxosulphates imports contracted significantly to X tons in 2021, declining by -38.9% on the year before. Overall, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 27% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, peroxosulphates imports dropped rapidly to $X in 2021. Over the period under review, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 30%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) represented roughly 71% of total imports in 2021. It was distantly followed by Iran (X tons), comprising a 17% share of total imports. The following importers - Israel (X tons), Syrian Arab Republic (X tons) and Jordan (X tons) - together made up 9.4% of total imports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +24.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest peroxosulphates importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), together accounting for 81% of total imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of +21.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Israel ($X per ton) and Iran ($X per ton), while Jordan ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+7.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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