Middle East: Sulphites Market 2024

Sulphites Market Size in the Middle East

The Middle Eastern sulphites market fell modestly to $X in 2022, with a decrease of -4.1% against the previous year. Over the period under review, consumption showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the market value increased by 5.9%. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sulphites Production in the Middle East

In value terms, sulphites production dropped dramatically to $X in 2022 estimated in export price. In general, production, however, faced a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sulphites Exports

Exports in the Middle East

In 2022, sulphites exports in the Middle East dropped modestly to X tons, reducing by -1.8% on the previous year's figure. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +37.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, sulphites exports surged to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2021 when exports increased by 58%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was near 96% of total exports in 2022. The United Arab Emirates (X tons) held a little share of total exports.

Turkey was also the fastest-growing in terms of the sulphites exports, with a CAGR of +8.1% from 2012 to 2022. At the same time, the United Arab Emirates (+7.0%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey increased by +19 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest sulphites supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.6% share of total exports.

In Turkey, sulphites exports increased at an average annual rate of +13.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of 51% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites export price increased by +71.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%).

Sulphites Imports

Imports in the Middle East

In 2022, overseas purchases of sulphites decreased by -14% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sulphites imports soared to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.9% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by 38% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) represented roughly 48% of total imports in 2022. Qatar (X tons) ranks next in terms of the total imports with a 14% share, followed by Kuwait (8.2%), Israel (7.7%) and Iraq (5.3%). Syrian Arab Republic (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 leading importing countries, was attained by Turkey (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 65% share of total imports.

Among the main importing countries, Turkey, with a CAGR of +25.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, increasing by 45% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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