Report Update Nov 1, 2024

United Arab Emirates - Cumene - Market Analysis, Forecast, Size, Trends and Insights

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United Arab Emirates: Cumene Market 2024

Cumene Market Size in the United Arab Emirates

In 2021, the cumene market in the United Arab Emirates decreased by -95.8% to $X, falling for the third year in a row after seven years of growth. Overall, consumption faced a dramatic contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Cumene Production in the United Arab Emirates

In value terms, cumene production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 10%. Cumene production peaked at $X in 2020, and then declined slightly in the following year.

Cumene Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of cumene increased by 282% to X tons, rising for the third consecutive year after six years of decline. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 282% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cumene exports soared to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 298% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Oman (X tons) was the main destination for cumene exports from the United Arab Emirates, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to +83.4%.

In value terms, Oman ($X) also remains the key foreign market for cumene exports from the United Arab Emirates.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +76.1%.

Export Prices by Country

In 2021, the average cumene export price amounted to $X per ton, increasing by 4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2019 an increase of 4.3% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Oman amounted to -4.0% per year.

Cumene Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of cumene was finally on the rise to reach X kg for the first time since 2012, thus ending a eight-year declining trend. Overall, imports, however, saw a precipitous decline. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cumene imports totaled $X in 2021. In general, imports, however, faced a dramatic decline. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X kg) was the main cumene supplier to the United Arab Emirates, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -44.0%.

In value terms, Spain ($X) constituted the largest supplier of cumene to the United Arab Emirates, comprising 98% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -32.1%.

Import Prices by Country

The average cumene import price stood at $X per ton in 2021, with a decrease of -14.4% against the previous year. Overall, the import price, however, enjoyed significant growth. The growth pace was the most rapid in 2018 an increase of 78%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+63.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cumene in the world?

The countries with the highest volumes of cumene consumption in 2021 were Belgium, China and Japan, with a combined 73% share of global consumption. The United States, Singapore, Brazil and Germany lagged somewhat behind, together comprising a further 21%.

What are the largest producers of cumene in the world?

The countries with the highest volumes of cumene production in 2021 were the Netherlands, Japan and Singapore, together accounting for 78% of global production. These countries were followed by the United States, Germany, Russia and Portugal, which together accounted for a further 19%.

What are the leading suppliers of cumene to the United Arab Emirates?

In value terms, Spain $84) constituted the largest supplier of cumene to the United Arab Emirates.

What are the leading importers of cumene from the United Arab Emirates?

In value terms, Oman remains the key foreign market for cumene exports from the United Arab Emirates.

What is the average export price for cumene in the United Arab Emirates?

The average cumene export price stood at $678 per ton in 2021, increasing by 7.9% against the previous year.

What is the average import price for cumene in the United Arab Emirates?

In 2021, the average cumene import price amounted to $7,818 per ton, which is down by -8% against the previous year.

This report provides an in-depth analysis of the cumene market in the United Arab Emirates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141270 - Cumene

Country coverage:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023