United Arab Emirates: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in the United Arab Emirates

The acrylic acid esters market in the United Arab Emirates declined to $X in 2022, with a decrease of -9.6% against the previous year. In general, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Acrylic Acid Esters Production in the United Arab Emirates

In value terms, acrylic acid esters production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 44%. Acrylic acid esters production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Acrylic Acid Esters Exports

Exports from the United Arab Emirates

In 2022, acrylic acid esters exports from the United Arab Emirates dropped dramatically to X tons, declining by -39.6% on the previous year's figure. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 868% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, acrylic acid esters exports fell sharply to $X in 2022. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 894%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for acrylic acid esters exports from the United Arab Emirates, accounting for a 92% share of total exports. Moreover, acrylic acid esters exports to India exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Sri Lanka (+16.4% per year).

In value terms, India ($X) remains the key foreign market for esters of acrylic acid exports from the United Arab Emirates, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Sri Lanka (+15.9% per year).

Export Prices by Country

In 2022, the average acrylic acid esters export price amounted to $X per ton, shrinking by -7.2% against the previous year. Over the period under review, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 80% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+7.8%), while the prices for the other major destinations experienced a decline.

Acrylic Acid Esters Imports

Imports into the United Arab Emirates

In 2022, after three years of growth, there was significant decline in purchases abroad of esters of acrylic acid, when their volume decreased by -16.5% to X tons. Overall, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of 49%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped sharply in the following year.

In value terms, acrylic acid esters imports shrank dramatically to $X in 2022. In general, imports, however, saw a temperate increase. The pace of growth was the most pronounced in 2021 when imports increased by 108% against the previous year. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

India (X tons), South Africa (X tons) and China (X tons) were the main suppliers of acrylic acid esters imports to the United Arab Emirates, with a combined 87% share of total imports. The United States, Japan and Turkey lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic acid esters suppliers to the United Arab Emirates were India ($X), China ($X) and South Africa ($X), together accounting for 87% of total imports.

In terms of the main suppliers, India, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average acrylic acid esters import price amounted to $X per ton, declining by -11.4% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 63%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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