Middle East: Ureines Market 2024

Ureines Market Size in the Middle East

In 2022, the Middle Eastern ureines market increased by X% to $X, rising for the third year in a row after four years of decline. In general, consumption, however, saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ureines Production in the Middle East

In value terms, ureines production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Ureines Exports

Exports in the Middle East

After three years of decline, overseas shipments of ureines and their derivatives and salts thereof increased by X% to X tons in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ureines exports declined to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X tons) represented roughly X% of total exports in 2022.

Israel experienced a relatively flat trend pattern with regard to volume of exports of ureines and their derivatives and salts thereof. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) also remains the largest ureines supplier in the Middle East.

From 2012 to 2022, the average annual growth rate of value in Israel was relatively modest.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Israel.

From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to X% per year.

Ureines Imports

Imports in the Middle East

In 2022, the amount of ureines and their derivatives and salts thereof imported in the Middle East skyrocketed to X tons, jumping by X% compared with 2021. In general, imports, however, recorded a drastic downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ureines imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Israel was the main importer of ureines and their derivatives and salts thereof in the Middle East, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Turkey (X tons) held the second position in the ranking, followed by Iran (X tons). All these countries together held approx. X% share of total imports. Kuwait (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ureines imports into Israel stood at X%. At the same time, Kuwait (X%) and Iran (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey, Iran and Kuwait increased by X, X and X percentage points, respectively.

In value terms, Israel ($X) constitutes the largest market for imported ureines and their derivatives and salts thereof in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Iran, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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