Middle East: Thiosulphates Market 2024

Thiosulphates Market Size in the Middle East

The Middle Eastern thiosulphates market soared to $X in 2021, growing by 30% against the previous year. In general, consumption, however, recorded a slight contraction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Thiosulphates Production in the Middle East

In value terms, thiosulphates production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 30%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Thiosulphates Exports

Exports in the Middle East

Thiosulphates exports soared to X tons in 2021, rising by 44% against the previous year. Over the period under review, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 72% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, thiosulphates exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) prevails in exports structure, together creating 87% of total exports. It was distantly followed by Saudi Arabia (X tons), comprising a 7.1% share of total exports. Oman (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +9.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2021, together accounting for 92% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +10.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, falling by -11.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2014 an increase of 34%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Oman ($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 (+5.3%), while the other leaders experienced more modest paces of growth.

Thiosulphates Imports

Imports in the Middle East

In 2021, imports of thiosulphates in the Middle East surged to X tons, growing by 29% on 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 1,179%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, thiosulphates imports surged to $X in 2021. Over the period under review, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2019 when imports increased by 279%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey dominates imports structure, amounting to X tons, which was near 61% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), Jordan (X tons), Oman (X tons), Kuwait (X tons) and Iraq (X tons), together constituting a 30% share of total imports. Israel (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to thiosulphates imports into Turkey stood at +15.8%. At the same time, Iraq (+66.2%), Kuwait (+17.7%), Israel (+12.7%) and Jordan (+3.1%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +66.2% from 2012-2021. Oman and the United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2021, the share of Turkey, Iraq, Kuwait, Israel and Jordan increased by +44, +5, +4.1, +2.8 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported thiosulphates in the Middle East, comprising 54% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 10% share of total imports. It was followed by Jordan, with a 5.7% share.

In Turkey, thiosulphates imports expanded at an average annual rate of +9.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kuwait (+21.5% per year) and Jordan (-6.1% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, surging by 24% against the previous year. Overall, the import price, however, saw a noticeable descent. The pace of growth was the most pronounced in 2020 an increase of 147% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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