MENA: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in MENA

The MENA's salts of acetic acid market reduced to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption, however, saw mild growth. The level of consumption peaked at $X in 2022, and then reduced in the following year.

Production of Salts Of Acetic Acid in MENA

In value terms, salts of acetic acid production fell modestly to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Exports of Salts Of Acetic Acid

Exports in MENA

In 2023, overseas shipments of salts of acetic acid were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, salts of acetic acid exports soared to $X in 2023. In general, exports showed measured growth. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Turkey (X tons), distantly followed by Saudi Arabia (X tons), Israel (X tons), Oman (X tons) and Iran (X tons) represented the largest exporters of salts of acetic acid, together constituting X% of total exports. The United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Israel (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X), Israel ($X) and Iran ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, Israel, with a CAGR of X%, recorded 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 2023, the export price in MENA amounted to $X per ton, growing by X% against the previous year. Export price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, salts of acetic acid export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Salts Of Acetic Acid

Imports in MENA

In 2023, approx. X tons of salts of acetic acid were imported in MENA; with a decrease of X% compared with 2022. Overall, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, salts of acetic acid imports reduced dramatically to $X in 2023. In general, imports saw a slight curtailment. The growth pace was the most rapid in 2022 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Turkey was the largest importer of salts of acetic acid in MENA, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Israel (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Egypt (X%) and Iran (X%). Morocco (X tons), Syrian Arab Republic (X tons) and Jordan (X tons) took a relatively small share of total imports.

From 2012 to 2023, 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 ($X), Israel ($X) and Egypt ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. The United Arab Emirates, Iran, Jordan, Morocco and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Jordan, with a CAGR of X%, recorded 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 2023, waning by X% against the previous year. Over the period under review, the import price, however, recorded a slight increase. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform