United Arab Emirates: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in the United Arab Emirates

The industrial fatty alcohols market in the United Arab Emirates soared to $X in 2021, jumping by 19% 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 recorded a significant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Industrial Fatty Alcohols Exports

Exports from the United Arab Emirates

Industrial fatty alcohols exports from the United Arab Emirates dropped remarkably to X tons in 2021, declining by -29.1% compared with 2020. Overall, exports faced a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial fatty alcohols exports fell remarkably to $X in 2021. In general, exports showed a abrupt curtailment. The smallest decline of -9.5% was in 2019. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Pakistan (X tons) and Iran (X tons) were the main destinations of industrial fatty alcohols exports from the United Arab Emirates, together accounting for 54% of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +105.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iran ($X) and Pakistan ($X) were the largest markets for industrial fatty alcohols exported from the United Arab Emirates worldwide, with a combined 63% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +92.2%, recorded the highest rates of growth with regard to the value of exports, 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 industrial fatty alcohols export price amounted to $X per ton, picking up by 16% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial fatty alcohols export price increased by +68.0% against 2017 indices. The growth pace was the most rapid in 2018 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Lebanon ($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 Iran (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Fatty Alcohols Imports

Imports into the United Arab Emirates

In 2021, industrial fatty alcohols imports into the United Arab Emirates surged to X tons, picking up by 20% on the previous year's figure. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 301% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols imports soared to $X in 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 217% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest industrial fatty alcohols supplier to the United Arab Emirates, with a 52% share of total imports. Moreover, industrial fatty alcohols imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +63.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+67.1% per year) and Indonesia (+29.6% per year).

In value terms, India ($X) constituted the largest supplier of industrial fatty alcohols to the United Arab Emirates, comprising 48% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total imports. It was followed by Indonesia, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+55.5% per year) and Indonesia (+28.6% per year).

Import Prices by Country

The average industrial fatty alcohols import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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