MENA: Resinoids Market 2024

Resinoids Market Size in MENA

The MENA's resinoids market fell modestly to $X in 2022, remaining constant against the previous year. Overall, consumption showed a perceptible decrease. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Resinoids Production in MENA

In value terms, resinoids production dropped to $X in 2022 estimated in export price. In general, production recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Resinoids Exports

Exports in MENA

Resinoids exports skyrocketed to X tons in 2022, with an increase of X% compared with 2021 figures. Over the period under review, exports saw a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, resinoids exports reached $X in 2022. In general, exports recorded buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), comprising a X% share of total exports. Oman (X tons), Turkey (X tons), Egypt (X tons) and Kuwait (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to resinoids exports from the United Arab Emirates stood at X%. At the same time, Oman (X%), Egypt (X%), Turkey (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Oman (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia 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, the largest resinoids supplying countries in MENA were the United Arab Emirates ($X), Egypt ($X) and Saudi Arabia ($X), with a combined X% share of total exports. Oman, Kuwait and Turkey lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Oman, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the export price in MENA amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Egypt ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Resinoids Imports

Imports in MENA

In 2022, after four years of decline, there was significant growth in purchases abroad of resinoids, when their volume increased by X% to X tons. In general, imports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, resinoids imports dropped slightly to $X in 2022. Total imports indicated a noticeable 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 pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented the largest importers of resinoids in MENA, together constituting X% of total imports. It was distantly followed by Qatar (X tons), Egypt (X tons), Iraq (X tons), Oman (X tons), Kuwait (X tons) and Yemen (X tons), together constituting a X% share of total imports.

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

In value terms, Saudi Arabia ($X) constitutes the largest market for imported resinoids in MENA, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 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 Saudi Arabia ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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