United Arab Emirates: Ethylbenzene Market 2024

Ethylbenzene Market Size in the United Arab Emirates

The ethylbenzene market in the United Arab Emirates soared to $X in 2022, picking up by 73% 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). Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 -22.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Ethylbenzene Exports

Exports from the United Arab Emirates

In 2022, ethylbenzene exports from the United Arab Emirates totaled X kg, remaining relatively unchanged against 2021. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 71%. Over the period under review, the exports attained the peak figure at X kg in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ethylbenzene exports contracted slightly to $X in 2022. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 4.5% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for ethylbenzene exports from the United Arab Emirates, with a 80% share of total exports. Moreover, ethylbenzene exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to -15.7%.

In value terms, Saudi Arabia ($X) remains the key foreign market for ethylbenzene exports from the United Arab Emirates, comprising 93% of total exports. The second position in the ranking was taken by Oman ($X), with a 6.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to -18.7%.

Export Prices by Country

In 2022, the average ethylbenzene export price amounted to $X per ton, waning by -3.2% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 57% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-3.6%).

Ethylbenzene Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of ethylbenzene were imported into the United Arab Emirates; increasing by 81% against the year before. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 118% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, ethylbenzene imports skyrocketed to $X in 2022. Overall, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 98%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the main supplier of ethylbenzene to the United Arab Emirates, with a 96% share of total imports. Moreover, ethylbenzene imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +78.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-20.7% per year) and the United States (-44.2% per year).

In value terms, India ($X) constituted the largest supplier of ethylbenzene to the United Arab Emirates, comprising 94% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 5.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +63.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-19.5% per year) and the United States (-46.7% per year).

Import Prices by Country

The average ethylbenzene import price stood at $X per ton in 2022, falling by -9.2% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 68% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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