MENA: Other Chemical Products Market 2024

Other Chemical Products Market Size in MENA

The MENA's other chemical products market expanded rapidly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a slight reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Other Chemical Products Production in MENA

In value terms, other chemical products production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Other Chemical Products Exports

Exports in MENA

In 2022, the amount of other chemical products exported in MENA surged to X tons, picking up by X% against 2021. In general, exports, however, faced a sharp curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, other chemical products exports shrank modestly to $X in 2022. Overall, exports, however, showed a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. The following exporters - Kuwait (X tons) and Iran (X tons) - each finished at a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the other chemical products exports, with a CAGR of X% from 2012 to 2022. Iran (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained 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 Iran ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Other Chemical Products Imports

Imports in MENA

In 2022, overseas purchases of other chemical products were finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, other chemical products imports rose sharply to $X in 2022. In general, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of other chemical products, namely Saudi Arabia, Oman and Iraq, represented more than two-thirds of total import. Algeria (X tons) held the next position in the ranking, followed by Iran (X tons). All these countries together took near X% share of total imports. The following importers - Qatar (X tons) and Palestine (X tons) - each reached a X% share of total imports.

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

In value terms, the largest other chemical products importing markets in MENA were Saudi Arabia ($X), Oman ($X) and Algeria ($X), together accounting for X% of total imports. Iran, Iraq, Palestine and Qatar lagged somewhat behind, together comprising a further X%.

Palestine, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in MENA stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. 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 Palestine ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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