MENA: Hydantoin Market 2024

Hydantoin Market Size in MENA

The MENA's hydantoin market declined modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a slight decline. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Hydantoin Production in MENA

In value terms, hydantoin production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Hydantoin Exports

Exports in MENA

In 2022, after two years of growth, there was significant decline in overseas shipments of hydantoin and its derivatives, when their volume decreased by X% to X tons. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hydantoin exports shrank significantly to $X in 2022. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Turkey (X tons) followed a long way behind the leaders.

Exports from Israel decreased at an average annual rate of X% from 2012 to 2022. Turkey experienced a relatively flat trend pattern. Turkey (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, Israel ($X) remains the largest hydantoin supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

In Israel, hydantoin exports decreased by an average annual rate of X% over the period from 2012-2022.

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, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then reduced markedly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%).

Hydantoin Imports

Imports in MENA

In 2022, supplies from abroad of hydantoin and its derivatives decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hydantoin imports fell rapidly to $X in 2022. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey was the main importing country with an import of around X tons, which amounted to X% of total imports. Israel (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%) and Egypt (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Tunisia (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt and Israel saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Israel ($X), Turkey ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The United Arab Emirates and Tunisia lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :