United Arab Emirates: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in the United Arab Emirates

In 2021, the organo-inorganic compounds market in the United Arab Emirates increased by 52% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from the United Arab Emirates

In 2021, organo-inorganic compounds exports from the United Arab Emirates dropped to X tons, waning by -13.7% compared with 2020 figures. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 319% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, organo-inorganic compounds exports expanded rapidly to $X in 2021. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2017 with an increase of 402%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for organo-inorganic compounds exports from the United Arab Emirates, accounting for a 46% share of total exports. Moreover, organo-inorganic compounds exports to Oman exceeded the volume sent to the second major destination, Kuwait (X tons), twofold. The third position in this ranking was held by Saudi Arabia (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+0.6% per year) and Saudi Arabia (+21.9% per year).

In value terms, Oman ($X) remains the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from the United Arab Emirates, comprising 38% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 13% share of total exports. It was followed by Saudi Arabia, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman amounted to +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+8.2% per year) and Saudi Arabia (+17.5% per year).

Export Prices by Country

In 2021, the average organo-inorganic compounds export price amounted to $X per ton, picking up by 25% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organo-inorganic compounds export price increased by +30.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Indonesia ($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 (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into the United Arab Emirates

After two years of decline, overseas purchases of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 18% to X tons in 2021. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, organo-inorganic compounds imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of organo-inorganic compounds to the United Arab Emirates, with a 63% share of total imports. Moreover, organo-inorganic compounds imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.8% per year) and Germany (+12.1% per year).

In value terms, China ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to the United Arab Emirates, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by India, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.8% per year) and India (+6.2% per year).

Import Prices by Country

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, rising by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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