United Arab Emirates: Thiosulphates Market 2024

Thiosulphates Market Size in the United Arab Emirates

After two years of growth, the thiosulphates market in the United Arab Emirates decreased by -56.9% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt decline. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Thiosulphates Production in the United Arab Emirates

In value terms, thiosulphates production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Thiosulphates Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of thiosulphates were exported from the United Arab Emirates; with an increase of 57% compared with 2020 figures. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 413%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, thiosulphates exports soared to $X in 2021. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by 456% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Kuwait (X tons) and Oman (X tons) were the main destinations of thiosulphates exports from the United Arab Emirates, with a combined 74% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +113.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for thiosulphates exported from the United Arab Emirates were Saudi Arabia ($X), Kuwait ($X) and Oman ($X), with a combined 72% share of total exports. Free Zones, Iraq, Iran and India lagged somewhat behind, together accounting for a further 22%.

Free Zones, with a CAGR of +95.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average thiosulphates export price stood at $X per ton in 2021, declining by -4.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to India ($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 Oman (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.

Thiosulphates Imports

Imports into the United Arab Emirates

In 2021, the amount of thiosulphates imported into the United Arab Emirates fell significantly to X tons, waning by -40.4% against the year before. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 144%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, thiosulphates imports dropped dramatically to $X in 2021. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 195% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest thiosulphates supplier to the United Arab Emirates, accounting for a 59% share of total imports. Moreover, thiosulphates imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.8% per year) and Saudi Arabia (-20.0% per year).

In value terms, China ($X), India ($X) and the United States ($X) constituted the largest thiosulphates suppliers to the United Arab Emirates, together accounting for 71% of total imports. Saudi Arabia, the Netherlands, Turkey and Belgium lagged somewhat behind, together accounting for a further 18%.

Belgium, with a CAGR of +25.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average thiosulphates import price amounted to $X per ton, with an increase of 21% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 80%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+34.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :