Middle East: Alcohols Market 2024

Alcohols Market Size in the Middle East

In 2020, the Middle Eastern alcohols market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2020, the growth of the market remained at a lower figure.

Alcohols Production in the Middle East

In value terms, alcohols production stood at $X in 2020 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

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Alcohols Exports

Exports in the Middle East

Alcohols exports expanded sharply to X tons in 2020, increasing by X% on 2019. The total export volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked in 2020 and is expected to retain growth in the near future.

In value terms, alcohols exports dropped slightly to $X in 2020. Overall, exports, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the major exporting country with an export of around X tons, which recorded X% of total exports. Oman (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Iran (X%), the United Arab Emirates (X%) and Kuwait (X%). Bahrain (X tons) took a relatively small share of total exports.

From 2012 to 2020, average annual rates of growth with regard to alcohols exports from Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%), Oman (X%), Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2020. Iran experienced a relatively flat trend pattern. From 2012 to 2020, the share of Oman and the United Arab Emirates increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest alcohols supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

In Saudi Arabia, alcohols exports shrank by an average annual rate of X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: Iran (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2020, dropping by X% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the export price figures.

Alcohols Imports

Imports in the Middle East

After three years of growth, purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons in 2020. The total import volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked at X tons in 2019, and then contracted in the following year.

In value terms, alcohols imports reduced to $X in 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain momentum.

Imports by Country

Turkey represented the major importer of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in the Middle East, with the volume of imports accounting for X tons, which was near X% of total imports in 2020. The United Arab Emirates (X tons) held the second position in the ranking, followed by Oman (X tons) and Israel (X tons). All these countries together took approx. X% share of total imports. Saudi Arabia (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2020. At the same time, Oman (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2020. By contrast, the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2020, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2020, the import price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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