United Arab Emirates: Dichloromethane Market 2024

Dichloromethane Market Size in the United Arab Emirates

The dichloromethane market in the United Arab Emirates amounted to $X in 2021, picking up by 2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw resilient growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Dichloromethane Exports

Exports from the United Arab Emirates

After two years of decline, overseas shipments of dichloromethane (methylene chloride) increased by 58% to X tons in 2021. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 135% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, dichloromethane exports surged to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 131%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iran (X tons), Uzbekistan (X tons) and Somalia (X tons) were the main destinations of dichloromethane exports from the United Arab Emirates, with a combined 48% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +189.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Iran ($X), Uzbekistan ($X) and Somalia ($X) appeared to be the largest markets for dichloromethane exported from the United Arab Emirates worldwide, together comprising 46% of total exports.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +210.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average dichloromethane export price amounted to $X per ton, growing by 26% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dichloromethane export price increased by +71.0% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dichloromethane Imports

Imports into the United Arab Emirates

In 2021, the amount of dichloromethane (methylene chloride) imported into the United Arab Emirates stood at X tons, increasing by 2.4% compared with 2020. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 60% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, dichloromethane imports rose markedly to $X in 2021. Overall, imports posted a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 89% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of dichloromethane to the United Arab Emirates, accounting for a 81% share of total imports. Moreover, dichloromethane imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.3% per year) and the Netherlands (+30.6% per year).

In value terms, China ($X) constituted the largest supplier of dichloromethane (methylene chloride) to the United Arab Emirates, comprising 82% of total imports. The second position in the ranking was taken by South Korea ($X), with a 4.3% share of total imports. It was followed by Germany, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-14.3% per year) and Germany (-5.9% per year).

Import Prices by Country

The average dichloromethane import price stood at $X per ton in 2021, with an increase of 3% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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