GCC: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in GCC

In 2022, the GCC amine-function compounds market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed a perceptible expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Amine-Function Compounds Production in GCC

In value terms, amine-function compounds production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a prominent increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Amine-Function Compounds Exports

Exports in GCC

In 2022, overseas shipments of amine-function compounds increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, amine-function compounds exports skyrocketed to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest amine-function compounds supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia totaled X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Amine-Function Compounds Imports

Imports in GCC

In 2022, overseas purchases of amine-function compounds decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, amine-function compounds imports fell rapidly to $X in 2022. In general, imports, however, saw perceptible growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. The following importers - Qatar (X tons), Kuwait (X tons) and Oman (X tons) - each amounted to a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the amine-function compounds imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) and Oman (X%) displayed positive paces of growth. By contrast, Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported amine-function compounds in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, amine-function compounds imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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