United Arab Emirates: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in the United Arab Emirates

In 2021, the unsaturated acyclic hydrocarbons market in the United Arab Emirates increased by 24% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a slight curtailment. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in the United Arab Emirates

In value terms, unsaturated acyclic hydrocarbons production soared to $X in 2021 estimated in export price. In general, production, however, saw a dramatic slump. The growth pace was the most rapid in 2013 with an increase of 1,062%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of unsaturated acyclic hydrocarbons were exported from the United Arab Emirates; which is down by -14.6% against the year before. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 39,744%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons exports reduced to $X in 2021. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 30,985%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from the United Arab Emirates, accounting for a 54% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to France exceeded the volume sent to the second major destination, India (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +105.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+173.1% per year) and Belgium (+3.3% per year).

In value terms, France ($X) remains the key foreign market for unsaturated acyclic hydrocarbons exports from the United Arab Emirates, comprising 55% of total exports. The second position in the ranking was held by India ($X), with an 8.4% share of total exports. It was followed by Free Zones, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +90.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+132.1% per year) and Free Zones (+129.2% per year).

Export Prices by Country

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, surging by 2.5% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 25%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to India ($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 Free Zones (+2.1%), while the prices for the other major destinations experienced a decline.

Unsaturated Acyclic Hydrocarbons Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of unsaturated acyclic hydrocarbons were imported into the United Arab Emirates; reducing by -5.6% compared with the year before. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 510%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded strong growth. The growth pace was the most rapid in 2016 when imports increased by 298% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of unsaturated acyclic hydrocarbons to the United Arab Emirates, accounting for a 81% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from South Africa exceeded the figures recorded by the second-largest supplier, Iran (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa stood at +38.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (-17.9% per year) and Belgium (+39.0% per year).

In value terms, South Africa ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to the United Arab Emirates, comprising 74% of total imports. The second position in the ranking was taken by Belgium ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Africa totaled +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+30.4% per year) and Iran (-27.1% per year).

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the import price posted a mild increase. The most prominent rate of growth was recorded in 2019 an increase of 79% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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