GCC: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in GCC

The GCC acrylic acid esters market expanded significantly to $X in 2022, growing by X% against the previous year. Overall, consumption saw a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Acrylic Acid Esters Production in GCC

In value terms, acrylic acid esters production amounted to $X in 2022 estimated in export price. Overall, production saw a prominent 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 2018; however, from 2019 to 2022, production failed to regain momentum.

Acrylic Acid Esters Exports

Exports in GCC

In 2022, shipments abroad of esters of acrylic acid increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, acrylic acid esters exports soared to $X in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons) and Saudi Arabia (X tons), together amounting to X% of total export.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%).

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

In the United Arab Emirates, acrylic acid esters exports increased at 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, surging by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat 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 Saudi Arabia amounted to $X per ton.

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

Acrylic Acid Esters Imports

Imports in GCC

For the fourth consecutive year, GCC recorded growth in overseas purchases of esters of acrylic acid, which increased by X% to X tons in 2022. Overall, imports showed a strong expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, acrylic acid esters imports rose markedly to $X in 2022. In general, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Saudi Arabia (X tons) took the second position in the ranking, followed by Kuwait (X tons). All these countries together took approx. X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported esters of acrylic acid in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total imports.

In the United Arab Emirates, acrylic acid esters imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Kuwait ($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 a decline in the import price figures.

Source: IndexBox Platform

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