MENA: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in MENA

In 2022, the MENA's m-xylene and xylenes market increased by X% to $X, rising for the second year in a row after six years of decline. Over the period under review, consumption, however, saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

M-Xylene And Xylenes Production in MENA

In value terms, m-xylene and xylenes production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a slight shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

M-Xylene And Xylenes Exports

Exports in MENA

In 2022, shipments abroad of m-xylene and mixed xylene isomers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, m-xylene and xylenes exports soared to $X in 2022. Over the period under review, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of m-xylene and mixed xylene isomers, namely Israel, the United Arab Emirates and Iran, represented more than two-thirds of total export. Algeria (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Algeria ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Iran and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Algeria (X%), while the other leaders experienced a decline in the export price figures.

M-Xylene And Xylenes Imports

Imports in MENA

In 2022, purchases abroad of m-xylene and mixed xylene isomers increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, m-xylene and xylenes imports surged to $X in 2022. In general, imports recorded a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), mixing up a X% share of total imports. The following importers - Oman (X tons) and Egypt (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to m-xylene and xylenes imports into the United Arab Emirates stood at X%. At the same time, Egypt (X%) and Oman (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported m-xylene and mixed xylene isomers in MENA, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, m-xylene and xylenes 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: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The level of import peaked 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 Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform