United Arab Emirates: P-Xylene Market 2024

P-Xylene Market Size in the United Arab Emirates

In 2021, the p-xylene market in the United Arab Emirates decreased by -12.7% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed a prominent expansion. P-xylene consumption peaked at $X in 2020, and then contracted in the following year.

P-Xylene Production in the United Arab Emirates

In value terms, p-xylene production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 110% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted dramatically in the following year.

P-Xylene Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of p-xylene decreased by -39.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2014 with an increase of 133% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, p-xylene exports fell remarkably to $X in 2021. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 157%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for p-xylene exports from the United Arab Emirates, with a 84% share of total exports. Moreover, p-xylene exports to China exceeded the volume sent to the second major destination, India (X tons), eightfold. The third position in this ranking was held by Pakistan (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-14.1% per year) and Pakistan (-16.7% per year).

In value terms, China ($X) remains the key foreign market for p-xylene exports from the United Arab Emirates, comprising 80% of total exports. The second position in the ranking was held by Pakistan ($X), with an 11% share of total exports. It was followed by India, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-9.7% per year) and India (-23.7% per year).

Export Prices by Country

In 2021, the average p-xylene export price amounted to $X per ton, dropping by -19% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per ton), while the average price for exports to India ($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 Taiwan (Chinese) (+81,110.8%), while the prices for the other major destinations experienced mixed trend patterns.

P-Xylene Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of p-xylene were imported into the United Arab Emirates; picking up by 58% against the year before. In general, imports showed a significant increase. The growth pace was the most rapid in 2018 when imports increased by 465% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, p-xylene imports surged to $X in 2021. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2019 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Oman (X tons) was the main supplier of p-xylene to the United Arab Emirates, with a 96% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Oman totaled +22.3%.

In value terms, Oman ($X) constituted the largest supplier of p-xylene to the United Arab Emirates, comprising 93% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Oman amounted to +5.0%.

Import Prices by Country

In 2021, the average p-xylene import price amounted to $X per ton, dropping by -8.1% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 55%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Oman amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+36.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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