Middle East: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in the Middle East

The Middle Eastern trichloroethylene and tetrachloroethylene market amounted to $X in 2021, increasing by 8.2% against the previous year. Over the period under review, consumption continues to indicate a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Production in the Middle East

In value terms, trichloroethylene and tetrachloroethylene production surged to $X in 2021 estimated in export price. Overall, production continues to indicate prominent growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Trichloroethylene And Tetrachloroethylene Exports

Exports in the Middle East

In 2021, shipments abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) decreased by -6.9% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 37% against the previous year. 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, trichloroethylene and tetrachloroethylene exports soared to $X in 2021. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 51%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) dominates exports structure, together making up 86% of total exports. Saudi Arabia (X tons) held the next position in the ranking, followed by Iran (X tons). All these countries together took near 9.6% share of total exports. Israel (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +19.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest trichloroethylene and tetrachloroethylene supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for 96% of total exports. Iran and Israel lagged somewhat behind, together comprising a further 3.3%.

Iran, with a CAGR of +12.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, jumping by 31% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. 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 stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Trichloroethylene And Tetrachloroethylene Imports

Imports in the Middle East

In 2021, trichloroethylene and tetrachloroethylene imports in the Middle East reduced remarkably to X tons, falling by -18.9% against the previous year. Overall, imports recorded a slight decline. The pace of growth appeared the most rapid in 2019 when imports increased by 35% against the previous year. 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, trichloroethylene and tetrachloroethylene imports skyrocketed to $X in 2021. In general, imports saw a noticeable shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) represented the main importer of trichloroethylene and tetrachloroethylene (perchloroethylene), constituting 59% of total imports. It was distantly followed by the United Arab Emirates (X tons), making up a 27% share of total imports. Kuwait (X tons), Israel (X tons), Oman (X tons) and Qatar (X tons) held a relatively small share of total imports.

Imports into Turkey decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Kuwait (+11.8%), the United Arab Emirates (+7.1%) and Oman (+1.9%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +11.8% from 2012-2021. Qatar experienced a relatively flat trend pattern. By contrast, Israel (-9.7%) illustrated a downward trend over the same period. The United Arab Emirates (+15 p.p.), Turkey (+3.1 p.p.) and Kuwait (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Israel saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 90% share of total imports.

The United Arab Emirates, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, surging by 69% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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