GCC: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in GCC

The GCC trichloroethylene and tetrachloroethylene market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption saw a modest expansion. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Trichloroethylene And Tetrachloroethylene Production in GCC

In value terms, trichloroethylene and tetrachloroethylene production stood at $X in 2022 estimated in export price. Overall, production, however, showed a sharp shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Exports

Exports in GCC

In 2022, approx. X tons of trichloroethylene and tetrachloroethylene (perchloroethylene) were exported in GCC; rising by X% on the previous year's figure. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, trichloroethylene and tetrachloroethylene exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together finishing at X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the trichloroethylene and tetrachloroethylene (perchloroethylene) exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, 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 trichloroethylene and tetrachloroethylene supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, jumping by X% against the previous year. Overall, the export price continues to indicate a moderate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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.

Trichloroethylene And Tetrachloroethylene Imports

Imports in GCC

In 2022, after two years of decline, there was significant growth in supplies from abroad of trichloroethylene and tetrachloroethylene (perchloroethylene), when their volume increased by X% to X tons. In general, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, trichloroethylene and tetrachloroethylene imports skyrocketed to $X in 2022. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the key importing country with an import of about X tons, which resulted at X% of total imports. Kuwait (X tons) took the second position in the ranking, distantly followed by Qatar (X tons) and Oman (X tons). All these countries together took near X% share of total imports.

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

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported trichloroethylene and tetrachloroethylene (perchloroethylene) in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Qatar (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 slight 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, trichloroethylene and tetrachloroethylene import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($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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