United Arab Emirates: Quinones Market 2024

Quinones Market Size in the United Arab Emirates

The quinones market in the United Arab Emirates shrank notably to $X in 2022, which is down by -41.2% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Quinones Production in the United Arab Emirates

In value terms, quinones production dropped slightly to $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 61%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Quinones Exports

Exports from the United Arab Emirates

Quinones exports from the United Arab Emirates rose to X tons in 2022, with an increase of 4.4% compared with the year before. Overall, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 705% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, quinones exports amounted to $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 446% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X tons), Iran (X kg) and Saudi Arabia (X kg) were the main destinations of quinones exports from the United Arab Emirates, together accounting for 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of +13.7%), while the other leaders experienced mixed trend patterns.

In value terms, Iran ($X) remains the key foreign market for quinones exports from the United Arab Emirates, comprising 65% of total exports. The second position in the ranking was taken by India ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iran stood at +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+22.5% per year) and Saudi Arabia (-2.7% per year).

Export Prices by Country

The average quinones export price stood at $X per ton in 2022, which is down by -3.8% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2017 an increase of 922%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Saudi Arabia ($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 Portugal (+306.1%), while the prices for the other major destinations experienced more modest paces of growth.

Quinones Imports

Imports into the United Arab Emirates

In 2022, the amount of quinones imported into the United Arab Emirates fell dramatically to X tons, reducing by -55% compared with 2021 figures. In general, imports, however, enjoyed measured growth. The growth pace was the most rapid in 2021 with an increase of 420% against the previous year. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, quinones imports dropped significantly to $X in 2022. Overall, imports, however, showed perceptible growth. The pace of growth was the most pronounced in 2018 with an increase of 376% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), the UK (X tons) and India (X tons) were the main suppliers of quinones imports to the United Arab Emirates, together comprising 90% 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 +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and the UK ($X) constituted the largest quinones suppliers to the United Arab Emirates, with a combined 91% share of total imports.

In terms of the main suppliers, China, with a CAGR of +16.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average quinones import price amounted to $X per ton, picking up by 5.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 45%. The import price peaked at $X per ton in 2019; however, from 2020 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 China ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+68.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :