MENA: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in MENA

In 2022, the MENA's market for compounds with other nitrogen function (excluding isocyanates) increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a notable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in MENA

In value terms, compounds with other nitrogen function production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in MENA

In 2022, compounds with other nitrogen function exports in MENA reduced modestly to X tons, with a decrease of X% against the year before. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports soared to $X in 2022. Overall, exports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Iran (X tons), generating a X% share of total exports. The following exporters - Israel (X tons), Egypt (X tons) and Saudi Arabia (X tons) - together made up X% of total exports.

Turkey was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%) and Egypt (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) and Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Israel (X p.p.), Egypt (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest compounds with other nitrogen function supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, compounds with other nitrogen function exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price saw a slight increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Israel ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in MENA

In 2022, overseas purchases of compounds with other nitrogen function (excluding isocyanates) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Israel (X tons), committing an X% share of total imports. Iran (X tons), Iraq (X tons) and Morocco (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to compounds with other nitrogen function imports into Turkey stood at X%. At the same time, Iraq (X%), Israel (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Israel (X p.p.), Iraq (X p.p.), Iran (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in MENA, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, compounds with other nitrogen function imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, surging by X% against the previous year. Import price indicated pronounced growth 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, compounds with other nitrogen function import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue 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 Iran ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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