United Arab Emirates: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the United Arab Emirates

In 2022, the reaction initiators and accelerators market in the United Arab Emirates decreased by -13.2% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, enjoyed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from the United Arab Emirates

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were exported from the United Arab Emirates; with a decrease of -23.6% on 2021 figures. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 765%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, reaction initiators and accelerators exports dropped notably to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 455%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for reaction initiators and accelerators exports from the United Arab Emirates, with a 63% share of total exports. Moreover, reaction initiators and accelerators exports to India exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by Austria (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +53.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+164.8% per year) and Austria (+134.6% per year).

In value terms, India ($X) emerged as the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from the United Arab Emirates, comprising 58% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Austria, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to India stood at +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+146.3% per year) and Austria (+167.2% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price enjoyed mild growth. The growth pace was the most rapid in 2013 when the average export price increased by 106%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($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 (+49.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into the United Arab Emirates

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -29.3% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 110%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports stood at $X in 2022. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 84%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest reaction initiators and accelerators supplier to the United Arab Emirates, with a 48% share of total imports. Moreover, reaction initiators and accelerators imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.2% per year) and India (+22.6% per year).

In value terms, the United States ($X), China ($X) and Austria ($X) were the largest reaction initiators and accelerators suppliers to the United Arab Emirates, together accounting for 67% of total imports.

Among the main suppliers, Austria, with a CAGR of +65.5%, recorded the highest rates of growth with regard to 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 reaction initiators and accelerators import price amounted to $X per ton, with an increase of 42% against the previous year. In general, the import price recorded a mild expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 82% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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