MENA: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in MENA

In 2022, the MENA's cyclic hydrocarbons market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Cyclic Hydrocarbons Production in MENA

In value terms, cyclic hydrocarbons production fell to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports in MENA

In 2022, the amount of cyclic hydrocarbons exported in MENA dropped to X tons, waning by X% against 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports declined dramatically to $X in 2022. Overall, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the key exporter of cyclic hydrocarbons in MENA, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Iran (X tons), Israel (X tons) and Oman (X tons), together making up a X% share of total exports. The United Arab Emirates (X tons) held a minor share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) and Oman (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. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia was relatively modest. In the other countries, the average annual rates were as follows: Iran (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 the United Arab Emirates ($X per ton), while Iran ($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 export price figures.

Cyclic Hydrocarbons Imports

Imports in MENA

In 2022, approx. X tons of cyclic hydrocarbons were imported in MENA; leveling off at the year before. Total imports indicated a buoyant increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports expanded remarkably to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Turkey (X tons) and Saudi Arabia (X tons) represented roughly X% of total imports in 2022. The United Arab Emirates (X tons) took the next position in the ranking, distantly followed by Kuwait (X tons). All these countries together took approx. X% share of total imports. The following importers - Iraq (X tons) and Iran (X tons) - each reached a X% share of total imports.

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

In value terms, Turkey ($X) constitutes the largest market for imported cyclic hydrocarbons in MENA, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, cyclic hydrocarbons 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: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Iraq ($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 a decline in the import price figures.

Source: IndexBox Platform

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