MENA: Nitrites Market 2024

Nitrites Market Size in MENA

In 2022, the MENA's nitrites market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a pronounced reduction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Nitrites Production in MENA

In value terms, nitrites production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Nitrites Exports

Exports in MENA

For the fourth consecutive year, MENA recorded decline in overseas shipments of nitrites, which decreased by X% to X tons in 2022. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, nitrites exports dropped significantly to $X in 2022. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Turkey (X tons), Oman (X tons), the United Arab Emirates (X tons), Jordan (X tons) and Lebanon (X tons) represented roughly X% of total exports in 2022. Israel (X tons) held a relatively small share of total exports.

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

In value terms, the largest nitrites supplying countries in MENA were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising X% of total exports. Jordan, Oman, Israel and Lebanon lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Oman, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

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 Turkey ($X per ton), while Lebanon ($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 more modest paces of growth.

Nitrites Imports

Imports in MENA

In 2022, the amount of nitrites imported in MENA shrank rapidly to X tons, waning by X% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, nitrites imports soared to $X in 2022. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Egypt (X tons) and Jordan (X tons), together comprising a X% share of total imports. The following importers - Iran (X tons), Israel (X tons) and Kuwait (X tons) - together made up X% of total imports.

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

In value terms, Turkey ($X), the United Arab Emirates ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a mild expansion 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, nitrites import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Jordan ($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 more modest paces of growth.

Source: IndexBox Platform

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