United Arab Emirates: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in the United Arab Emirates

The aromatic hydrocarbons derivatives market in the United Arab Emirates skyrocketed to $X in 2021, increasing by 145% 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, consumption posted a significant expansion. Aromatic hydrocarbons derivatives consumption peaked in 2021 and is expected to retain growth in years to come.

Aromatic Hydrocarbons Derivatives Exports

Exports from the United Arab Emirates

After two years of decline, shipments abroad of halogenated derivatives of aromatic hydrocarbons increased by 155% to X tons in 2021. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 254%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives exports soared to $X in 2021. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 162%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for aromatic hydrocarbons derivatives exports from the United Arab Emirates, accounting for a 58% share of total exports. Moreover, aromatic hydrocarbons derivatives exports to Oman exceeded the volume sent to the second major destination, Iran (X tons), fourfold. The third position in this ranking was taken by Brazil (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-3.9% per year) and Brazil (0.0% per year).

In value terms, the largest markets for aromatic hydrocarbons derivatives exported from the United Arab Emirates were Oman ($X), Iran ($X) and Brazil ($X), together comprising 93% of total exports.

Oman, with a CAGR of +57.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 aromatic hydrocarbons derivatives export price amounted to $X per ton, declining by -28.2% against the previous year. Overall, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 44% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Senegal ($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 Kenya (+47.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into the United Arab Emirates

In 2021, aromatic hydrocarbons derivatives imports into the United Arab Emirates surged to X tons, picking up by 156% on the previous year's figure. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 168%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, aromatic hydrocarbons derivatives imports surged to $X in 2021. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 195%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of aromatic hydrocarbons derivatives to the United Arab Emirates, with a 71% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+30.2% per year) and the United States (+68.9% per year).

In value terms, India ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to the United Arab Emirates, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+47.8% per year) and Belgium (+27.5% per year).

Import Prices by Country

In 2021, the average aromatic hydrocarbons derivatives import price amounted to $X per ton, shrinking by -6.9% against the previous year. In general, the import price saw a perceptible slump. The growth pace was the most rapid in 2016 an increase of 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a 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 the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :