United Arab Emirates: Hydantoin Market 2024

Hydantoin Market Size in the United Arab Emirates

After two years of growth, the hydantoin market in the United Arab Emirates decreased by -4.3% to $X in 2022. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced slightly in the following year.

Hydantoin Production in the United Arab Emirates

In value terms, hydantoin production totaled $X in 2022 estimated in export price. Overall, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 when the production volume increased by 55%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hydantoin Exports

Exports from the United Arab Emirates

Hydantoin exports from the United Arab Emirates surged to X tons in 2022, growing by 46% compared with 2021. In general, exports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 336%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydantoin exports surged to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 118%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) was the main destination for hydantoin exports from the United Arab Emirates, with a 78% share of total exports. Moreover, hydantoin exports to Tanzania exceeded the volume sent to the second major destination, Iran (X tons), fourfold. The third position in this ranking was held by Oman (X kg), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+2.4% per year) and Oman (+4.7% per year).

In value terms, Iran ($X) remains the key foreign market for hydantoin and its derivatives exports from the United Arab Emirates, comprising 63% of total exports. The second position in the ranking was held by Tanzania ($X), with a 30% share of total exports. It was followed by Oman, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Iran amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-20.2% per year) and Oman (-1.8% per year).

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2022, increasing by 6.9% against the previous year. Over the period under review, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 52%. 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.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Tanzania ($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 India (-3.0%), while the prices for the other major destinations experienced a decline.

Hydantoin Imports

Imports into the United Arab Emirates

Hydantoin imports into the United Arab Emirates fell rapidly to X tons in 2022, reducing by -31.6% compared with the previous year's figure. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 668%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, hydantoin imports declined markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 460%. Over the period under review, imports hit record highs at $X in 2021, and then declined dramatically in the following year.

Imports by Country

India (X tons), the UK (X tons) and Indonesia (X tons) were the main suppliers of hydantoin imports to the United Arab Emirates, together comprising 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +79.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of hydantoin and its derivatives to the United Arab Emirates, comprising 39% of total imports. The second position in the ranking was held by the UK ($X), with a 17% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +87.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+25.7% per year) and the United States (+33.2% per year).

Import Prices by Country

In 2022, the average hydantoin import price amounted to $X per ton, which is down by -5.9% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydantoin import price increased by +91.2% against 2015 indices. The pace of growth was the most pronounced in 2014 an increase of 56%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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