GCC: Chloromethane And Chloroethane Market 2024

Chloromethane And Chloroethane Market Size in GCC

The GCC chloromethane and chloroethane market expanded slightly to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate buoyant growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Chloromethane And Chloroethane Production in GCC

In value terms, chloromethane and chloroethane production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Chloromethane And Chloroethane Exports

Exports in GCC

In 2022, approx. X kg of chloromethane (methyl chloride) and chloroethane (ethyl chloride) were exported in GCC; with a decrease of X% against the previous year. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, chloromethane and chloroethane exports reduced markedly to $X in 2022. Over the period under review, exports showed a significant contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X kg) represented the key exporter of chloromethane (methyl chloride) and chloroethane (ethyl chloride) in GCC, achieving X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the chloromethane (methyl chloride) and chloroethane (ethyl chloride) exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest chloromethane and chloroethane supplier in GCC.

In the United Arab Emirates, chloromethane and chloroethane exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Chloromethane And Chloroethane Imports

Imports in GCC

In 2022, overseas purchases of chloromethane (methyl chloride) and chloroethane (ethyl chloride) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, chloromethane and chloroethane imports fell rapidly to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Oman represented the largest importer of chloromethane (methyl chloride) and chloroethane (ethyl chloride) in GCC, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Kuwait (X tons) ranks second in terms of the total imports with a X% share, followed by Qatar (X%).

Oman was also the fastest-growing in terms of the chloromethane (methyl chloride) and chloroethane (ethyl chloride) imports, with a CAGR of X% from 2012 to 2022. Kuwait (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman increased by X percentage points.

In value terms, Oman ($X) constitutes the largest market for imported chloromethane (methyl chloride) and chloroethane (ethyl chloride) in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports.

In Oman, chloromethane and chloroethane imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Qatar ($X per ton), while Kuwait ($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 a decline in the import price figures.

Source: IndexBox Platform

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