MENA: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in MENA

The MENA's acrylic acid esters market amounted to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption saw resilient growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Acrylic Acid Esters Production in MENA

In value terms, acrylic acid esters production expanded sharply to $X in 2022 estimated in export price. Overall, production saw prominent growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Acrylic Acid Esters Exports

Exports in MENA

In 2022, shipments abroad of esters of acrylic acid increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, acrylic acid esters exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), Turkey (X tons) and Saudi Arabia (X tons), together reaching X% of total export.

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

In value terms, the largest acrylic acid esters supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Turkey, 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

The export price in MENA stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded 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 2012; however, from 2013 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 Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Acrylic Acid Esters Imports

Imports in MENA

In 2022, approx. X tons of esters of acrylic acid were imported in MENA; waning by X% against the previous year. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, acrylic acid esters imports declined remarkably to $X in 2022. Over the period under review, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

Turkey was the major importing country with an import of around X tons, which recorded X% of total imports. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%). Egypt (X tons), Israel (X tons) and Saudi Arabia (X tons) took a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Egypt (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Egypt (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported esters of acrylic acid in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, acrylic acid esters 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: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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