GCC: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in GCC

The GCC acyclic hydrocarbons market surged to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain momentum.

Acyclic Hydrocarbons Production in GCC

In value terms, acyclic hydrocarbons production dropped to $X in 2020 estimated in export price. In general, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Exports

Exports in GCC

Acyclic hydrocarbons exports shrank rapidly to X tons in 2020, with a decrease of X% against 2019 figures. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, acyclic hydrocarbons exports dropped remarkably to $X in 2020. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and Oman (X tons) prevails in exports structure, together constituting X% of total exports. The following exporters - the United Arab Emirates (X tons) and Kuwait (X tons) - together made up X% of total exports.

From 2012 to 2020, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

Oman, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2020, the export price in GCC amounted to $X per ton, shrinking by X% against the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Saudi Arabia ($X per ton) and Kuwait ($X per ton), while the United Arab Emirates ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in GCC

Acyclic hydrocarbons imports reduced notably to X tons in 2020, which is down by X% on the year before. Overall, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2020, the growth of imports failed to regain momentum.

In value terms, acyclic hydrocarbons imports declined notably to $X in 2020. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain momentum.

Imports by Country

Kuwait was the major importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by the United Arab Emirates (X tons) and Oman (X tons), together creating a X% share of total imports.

Kuwait experienced a relatively flat trend pattern with regard to volume of imports of acyclic hydrocarbons. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2020. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of Kuwait and Oman increased by X and X percentage points, respectively.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2020, together accounting for X% of total imports.

In terms of the main importing countries, Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2020, the import price in GCC amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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