United Arab Emirates: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in the United Arab Emirates

The buta-1,3-diene and isoprene market in the United Arab Emirates reduced to $X in 2022, with a decrease of -3.1% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.7% against 2020 indices. Buta-1,3-diene and isoprene consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Buta-1,3-Diene And Isoprene Production in the United Arab Emirates

In value terms, buta-1,3-diene and isoprene production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.4% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 75% against the previous year. Buta-1,3-diene and isoprene production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of buta-1,3-diene and isoprene were exported from the United Arab Emirates; reducing by -4.1% on the previous year's figure. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 534%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene exports reduced rapidly to $X in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 497%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) and the United States (X tons) were the main destinations of buta-1,3-diene and isoprene exports from the United Arab Emirates.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +38.4%).

In value terms, the largest markets for buta-1,3-diene and isoprene exported from the United Arab Emirates were the United States ($X) and China ($X).

China, with a CAGR of +26.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average buta-1,3-diene and isoprene export price amounted to $X per ton, shrinking by -28.8% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2021 an increase of 85%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-8.3%).

Buta-1,3-Diene And Isoprene Imports

Imports into the United Arab Emirates

In 2022, the amount of buta-1,3-diene and isoprene imported into the United Arab Emirates surged to X tons, increasing by 21% against the previous year. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 99,796% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, buta-1,3-diene and isoprene imports shrank to $X in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 137,897% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest buta-1,3-diene and isoprene supplier to the United Arab Emirates, with a 76% share of total imports. Moreover, buta-1,3-diene and isoprene imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from India stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.2% per year) and the UK (-24.4% per year).

In value terms, India ($X) constituted the largest supplier of buta-1,3-diene and isoprene to the United Arab Emirates, comprising 88% of total imports. The second position in the ranking was held by China ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.6% per year) and the UK (+6.3% per year).

Import Prices by Country

The average buta-1,3-diene and isoprene import price stood at $X per ton in 2022, declining by -23.4% against the previous year. Over the period under review, the import price, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 524% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+40.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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