United Arab Emirates: Ethanal Market 2024

Ethanal Market Size in the United Arab Emirates

The ethanal market in the United Arab Emirates rose markedly to $X in 2022, picking up by 9.4% against the previous year. Over the period under review, consumption, however, recorded a mild downturn. Ethanal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ethanal Production in the United Arab Emirates

In value terms, ethanal production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 46%. Ethanal production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ethanal Exports

Exports from the United Arab Emirates

In 2022, the amount of ethanal (acetaldehyde) exported from the United Arab Emirates contracted to X tons, waning by -12.7% on the year before. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 13,171% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethanal exports reduced to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 497%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for ethanal exports from the United Arab Emirates, with a 93% share of total exports. Moreover, ethanal exports to Qatar exceeded the volume sent to the second major destination, Pakistan (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-29.3% per year) and Oman (-55.1% per year).

In value terms, Qatar ($X) remains the key foreign market for ethanal (acetaldehyde) exports from the United Arab Emirates, comprising 88% of total exports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-26.0% per year) and Oman (-44.5% per year).

Export Prices by Country

The average ethanal export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price showed a mild slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,491% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Qatar ($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 Ethiopia (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanal Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of ethanal (acetaldehyde) were imported into the United Arab Emirates; reducing by -34.2% against 2021. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 915%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, ethanal imports reached $X in 2022. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2014 when imports increased by 756% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of ethanal to the United Arab Emirates, accounting for a 48% share of total imports. Moreover, ethanal imports from the United States exceeded the figures recorded by the second-largest supplier, France (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+64.3% per year) and Spain (+6.2% per year).

In value terms, the United States ($X) constituted the largest supplier of ethanal (acetaldehyde) to the United Arab Emirates, comprising 63% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+62.7% per year) and Spain (+30.7% per year).

Import Prices by Country

The average ethanal import price stood at $X per ton in 2022, with an increase of 59% against the previous year. In general, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 63% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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