MENA: Ether Market 2024

Ether Market Size in MENA

In 2022, the MENA's ether market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ether Production in MENA

In value terms, ether production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Ether Exports

Exports in MENA

In 2022, approx. X tons of ethers were exported in MENA; with an increase of X% against the previous year. In general, exports continue to indicate a perceptible 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, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ether exports fell to $X in 2022. Over the period under review, exports, however, showed a slight reduction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Qatar (X tons), comprising a X% share of total exports. The United Arab Emirates (X tons) and Iran (X tons) took 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, Iran (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Qatar saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest ether supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Qatar (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price showed a perceptible decline. The growth pace was the most rapid in 2021 an increase of 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 2022, the export prices failed to regain momentum.

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 ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Ether Imports

Imports in MENA

In 2022, overseas purchases of ethers increased by X% to X tons, rising for the second year in a row after three years of decline. Total imports indicated a resilient expansion 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 pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, ether imports soared to $X in 2022. Total imports indicated a buoyant expansion 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. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Oman was the major importer of ethers in MENA, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Turkey (X tons), the United Arab Emirates (X tons) and Israel (X tons), together achieving a X% share of total imports. Algeria (X tons), Iraq (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Oman ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Israel, Jordan, Algeria and Iraq lagged somewhat behind, together accounting for a further X%.

Jordan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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