MENA: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in MENA

In 2020, after three years of growth, there was significant decline in the MENA's acyclic hydrocarbons market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. The level of consumption peaked at $X in 2019, and then declined in the following year.

Acyclic Hydrocarbons Production in MENA

In value terms, acyclic hydrocarbons production declined to $X in 2020 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019, and then reduced in the following year.

Acyclic Hydrocarbons Exports

Exports in MENA

In 2020, shipments abroad of acyclic hydrocarbons decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports showed a mild decline. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons exports contracted sharply to $X in 2020. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

In 2020, Iran (X tons) represented the major exporter of acyclic hydrocarbons, achieving X% of total exports. Saudi Arabia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Oman (X%), Turkey (X%), Israel (X%) and Libya (X%).

Exports from Iran increased at an average annual rate of X% from 2012 to 2020. At the same time, Libya (X%), Oman (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2020. By contrast, Israel (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Iran (X p.p.), Oman (X p.p.) and Libya (X p.p.) increased significantly in terms of the total exports from 2012-2020, the share of Israel (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) remains the largest acyclic hydrocarbons supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Libya, with a X% share.

From 2012 to 2020, the average annual growth rate of value in Iran stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Libya (X% per year).

Export Prices by Country

In 2020, the export price in MENA amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Libya ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Libya (X%), while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in MENA

In 2020, supplies from abroad of acyclic hydrocarbons decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2020, the growth of imports remained at a lower figure.

In value terms, acyclic hydrocarbons imports dropped rapidly to $X in 2020. In general, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, Kuwait (X tons) represented the largest importer of acyclic hydrocarbons, creating X% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Morocco (X tons), Oman (X tons), Syrian Arab Republic (X tons) and Egypt (X tons). All these countries together took near X% share of total imports. Turkey (X tons) followed a long way behind the leaders.

Kuwait experienced a relatively flat trend pattern with regard to volume of imports of acyclic hydrocarbons. At the same time, Syrian Arab Republic (X%), Egypt (X%) and Oman (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2020. Morocco experienced a relatively flat trend pattern. By contrast, Turkey (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Syrian Arab Republic (X p.p.), Kuwait (X p.p.), Egypt (X p.p.), Oman (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2020, the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest acyclic hydrocarbons importing markets in MENA were Kuwait ($X), the United Arab Emirates ($X) and Syrian Arab Republic ($X), with a combined X% share of total imports.

Among the main importing countries, Syrian Arab Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a perceptible descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2020, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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