GCC: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in GCC

In 2022, the GCC m-xylene and xylenes market increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption enjoyed a modest increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

M-Xylene And Xylenes Production in GCC

In value terms, m-xylene and xylenes production surged to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X,400%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

M-Xylene And Xylenes Exports

Exports in GCC

In 2022, overseas shipments of m-xylene and mixed xylene isomers increased by X% to X tons, rising for the sixth consecutive year after two years of decline. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, m-xylene and xylenes exports surged to $X in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Saudi Arabia (X tons), constituting a X% share of total exports.

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

In value terms, the United Arab Emirates ($X) emerged as the largest m-xylene and xylenes supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($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 stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Saudi Arabia stood at $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%).

M-Xylene And Xylenes Imports

Imports in GCC

In 2022, supplies from abroad of m-xylene and mixed xylene isomers increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, m-xylene and xylenes imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), mixing up a X% share of total imports. Oman (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported m-xylene and mixed xylene isomers in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports.

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

The import price in GCC stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform