MENA: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in MENA

The MENA's cyclanes, cyclenes and cycloterpenes market declined to $X in 2022, waning by X% against the previous year. In general, consumption, however, enjoyed a slight increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in MENA

In value terms, cyclanes, cyclenes and cycloterpenes production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in MENA

For the third consecutive year, MENA recorded decline in shipments abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), which decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes exports fell slightly to $X in 2022. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Israel (X tons), the United Arab Emirates (X tons), Turkey (X tons), Tunisia (X tons) and Lebanon (X tons), together committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cyclanes, cyclenes and cycloterpenes exports from Saudi Arabia stood at X%. At the same time, Tunisia (X%), Lebanon (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), Tunisia (X p.p.), Lebanon (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Israel and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Turkey, Lebanon and Tunisia lagged somewhat behind, together comprising a further X%.

Lebanon, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated moderate growth 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, cyclanes, cyclenes and cycloterpenes export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Tunisia ($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.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in MENA

In 2022, purchases abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced notably in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes imports shrank remarkably to $X in 2022. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

Turkey was the main importing country with an import of about X tons, which reached X% of total imports. Egypt (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%) and Israel (X%). The following importers - Kuwait (X tons), the United Arab Emirates (X tons) and Algeria (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to cyclanes, cyclenes and cycloterpenes imports into Turkey stood at X%. At the same time, Kuwait (X%), Israel (X%), Iran (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Algeria experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Iran, Israel and Kuwait increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in MENA, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, cyclanes, cyclenes and cycloterpenes imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($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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