GCC: Sulphonamides Market 2024

Sulphonamides Market Size in GCC

The GCC sulphonamides market reduced to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Sulphonamides Production in GCC

In value terms, sulphonamides production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Sulphonamides Exports

Exports in GCC

Sulphonamides exports shrank remarkably to X tons in 2022, reducing by X% compared with the previous year's figure. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, sulphonamides exports plummeted to $X in 2022. Overall, exports saw a slight shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

The United Arab Emirates (X tons) represented roughly X% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the sulphonamides exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest sulphonamides supplier in GCC.

In the United Arab Emirates, sulphonamides exports declined by 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, shrinking by X% against the previous year. Overall, the export price continues to indicate a sharp descent. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Sulphonamides Imports

Imports in GCC

In 2022, the amount of sulphonamides imported in GCC contracted sharply to X tons, with a decrease of X% on the previous year's figure. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sulphonamides imports fell markedly to $X in 2022. Over the period under review, imports saw a dramatic setback. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importer of sulphonamides in GCC, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Oman (X tons) and Kuwait (X tons), together comprising a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sulphonamides imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Oman (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. While the share of the United Arab Emirates (X p.p.), Oman (X p.p.) and Kuwait (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sulphonamides in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

In the United Arab Emirates, sulphonamides imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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