Middle East: Sulphonamides Market 2024

Sulphonamides Market Size in the Middle East

In 2021, the Middle Eastern sulphonamides market increased by 3.6% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Sulphonamides Production in the Middle East

In value terms, sulphonamides production rose notably to $X in 2021 estimated in export price. In general, production continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2016 with an increase of 124% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Sulphonamides Exports

Exports in the Middle East

In 2021, approx. X tons of sulphonamides were exported in the Middle East; with an increase of 51% compared with 2020 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, sulphonamides exports soared to $X in 2021. In general, exports, however, showed a noticeable decrease. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Israel prevails in exports structure, recording X tons, which was near 92% of total exports in 2021. It was distantly followed by Kuwait (X tons), constituting a 4.8% share of total exports. The United Arab Emirates (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sulphonamides exports from Israel stood at -1.5%. At the same time, the United Arab Emirates (+4.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +4.0% from 2012-2021. Kuwait experienced a relatively flat trend pattern. Kuwait (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -5.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest sulphonamides supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.9% share of total exports.

In Israel, sulphonamides exports shrank by an average annual rate of -2.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-18.9% per year) and Kuwait (0.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, waning by -8.3% against the previous year. In general, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. 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 remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-1.0%).

Sulphonamides Imports

Imports in the Middle East

Sulphonamides imports reduced to X tons in 2021, which is down by -12.3% on the previous year. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 22% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sulphonamides imports amounted to $X in 2021. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the main importing country with an import of around X tons, which reached 38% of total imports. Israel (X tons) ranks second in terms of the total imports with a 22% share, followed by the United Arab Emirates (15%), Iran (11%) and Jordan (7.4%). Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported sulphonamides in the Middle East, comprising 56% of total imports. The second position in the ranking was taken by Iran ($X), with a 15% share of total imports. It was followed by Israel, with a 12% share.

In Turkey, sulphonamides imports increased at an average annual rate of +8.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Iran (+12.8% per year) and Israel (-16.8% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, with an increase of 18% against the previous year. Overall, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the import price increased by 40%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Iraq ($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 (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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