GCC: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in GCC

The GCC saturated acyclic hydrocarbons market reached $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Saturated Acyclic Hydrocarbons Production in GCC

In value terms, saturated acyclic hydrocarbons production reached $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Saturated Acyclic Hydrocarbons Exports

Exports in GCC

After three years of growth, shipments abroad of saturated acyclic hydrocarbons decreased by X% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, saturated acyclic hydrocarbons exports fell remarkably to $X in 2022. Overall, exports showed a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

Saudi Arabia prevails in exports structure, recording X tons, which was near X% of total exports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of exports of saturated acyclic hydrocarbons. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

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

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

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price saw a mild contraction. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

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

Saturated Acyclic Hydrocarbons Imports

Imports in GCC

In 2022, purchases abroad of saturated acyclic hydrocarbons decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons imports contracted markedly to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Saudi Arabia dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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

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