GCC: Dichloromethane Market 2024

Dichloromethane Market Size in GCC

The GCC dichloromethane market contracted markedly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a mild shrinkage. The level of consumption peaked at $X in 2021, and then contracted dramatically in the following year.

Dichloromethane Production in GCC

In value terms, dichloromethane production fell to $X in 2022 estimated in export price. In general, production saw a deep slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Dichloromethane Exports

Exports in GCC

In 2022, exports of dichloromethane (methylene chloride) in GCC reduced to X tons, waning by X% against the previous year. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, dichloromethane exports soared to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons) and Oman (X tons), together making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dichloromethane exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Oman increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dichloromethane export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($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 a decline in the export price figures.

Dichloromethane Imports

Imports in GCC

In 2022, approx. X tons of dichloromethane (methylene chloride) were imported in GCC; declining by X% against 2021 figures. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank remarkably in the following year.

In value terms, dichloromethane imports dropped to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

The United Arab Emirates was the main importer of dichloromethane (methylene chloride) in GCC, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), achieving a X% share of total imports. Oman (X tons), Qatar (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported dichloromethane (methylene chloride) in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, rising by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dichloromethane import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform