United Arab Emirates: Other Chemical Products Market 2024

Other Chemical Products Market Size in the United Arab Emirates

The other chemical products market in the United Arab Emirates stood at $X in 2022, standing approx. at the previous year. Overall, consumption, however, recorded a deep reduction. The growth pace was the most rapid in 2020 when the market value increased by 4.7% against the previous year. Other chemical products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in the United Arab Emirates

In value terms, other chemical products production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of other chemical products were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 19%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, other chemical products exports expanded notably to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), China (X tons) and Free Zones (X tons) were the main destinations of other chemical products exports from the United Arab Emirates, with a combined 66% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +43.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for other chemical products exports from the United Arab Emirates, comprising 38% of total exports. The second position in the ranking was taken by Yemen ($X), with a 12% share of total exports. It was followed by Free Zones, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-0.8% per year) and Free Zones (-12.8% per year).

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2022, increasing by 1.7% against the previous year. In general, the export price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 an increase of 4.5% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to Tunisia ($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 Iran (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.

Other Chemical Products Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of other chemical products increased by 0.3% to X tons, rising for the fourth consecutive year after four years of decline. In general, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, other chemical products imports contracted to $X in 2022. Overall, imports, however, showed a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 34%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Free Zones (X tons) and Italy (X tons) were the main suppliers of other chemical products imports to the United Arab Emirates, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +20.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Free Zones ($X), Italy ($X) and Belgium ($X) were the largest other chemical products suppliers to the United Arab Emirates, together comprising 65% of total imports.

Among the main suppliers, Free Zones, with a CAGR of -15.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average other chemical products import price amounted to $X per ton, declining by -13% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 44% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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