MENA: Diethanolamine Market 2024

Diethanolamine Market Size in MENA

The MENA's diethanolamine market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Diethanolamine Production in MENA

In value terms, diethanolamine production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate measured growth. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Diethanolamine Exports

Exports in MENA

Diethanolamine exports surged to X tons in 2022, with an increase of X% on the year before. Over the period under review, exports showed resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, diethanolamine exports surged to $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. The United Arab Emirates (X tons) took a little share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia totaled X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Diethanolamine Imports

Imports in MENA

In 2022, overseas purchases of diethanolamine and its salts increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, diethanolamine imports skyrocketed 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 was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) prevails in imports structure, together comprising X% of total imports. It was distantly followed by Jordan (X tons), comprising a X% share of total imports. Iraq (X tons), Israel (X tons), Bahrain (X tons) and Egypt (X tons) held a relatively small share of total imports.

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

In value terms, the largest diethanolamine importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Iraq ($X), with a combined X% share of total imports. Jordan, Bahrain, Israel and Egypt lagged somewhat behind, together accounting for a further X%.

Jordan, with a CAGR of X%, saw the highest growth rate of 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, rising by X% against the previous year. In general, the import price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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