GCC: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in GCC

In 2022, the GCC market for compounds with other nitrogen function (excluding isocyanates) increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a buoyant expansion. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in GCC

In value terms, compounds with other nitrogen function production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in GCC

In 2022, overseas shipments of compounds with other nitrogen function (excluding isocyanates) decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Overall, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Saudi Arabia (X tons) was the largest exporter of compounds with other nitrogen function (excluding isocyanates), achieving X% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia increased by X percentage points.

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

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

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

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

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in GCC

Compounds with other nitrogen function imports dropped significantly to X tons in 2022, which is down by X% compared with the previous year. Over the period under review, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, compounds with other nitrogen function imports shrank sharply to $X in 2022. In general, imports showed a sharp setback. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kuwait (X tons) was the largest importer of compounds with other nitrogen function (excluding isocyanates), making up X% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Bahrain (X kg). All these countries together took near X% share of total imports.

Imports into Kuwait decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, the United Arab Emirates and Bahrain increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest compounds with other nitrogen function importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Bahrain ($X), together comprising X% of total imports.

Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then shrank dramatically in the following year.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :