Middle East: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in the Middle East

In 2022, the Middle Eastern cyclohexanone and methylcyclohexanones market decreased by X% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, posted a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Production in the Middle East

In value terms, cyclohexanone and methylcyclohexanones production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports in the Middle East

Cyclohexanone and methylcyclohexanones exports fell rapidly to X tons in 2022, with a decrease of X% compared with the previous year. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, cyclohexanone and methylcyclohexanones exports dropped slightly to $X in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) and Israel (X tons) represented the main exporters of cyclohexanone and methylcyclohexanones in the Middle East, together recording near X% of total exports. It was distantly followed by Turkey (X tons), creating an X% share of total exports. Saudi Arabia (X tons) took a minor share of total exports.

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

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Israel, with a CAGR of X%, saw the highest rates of growth with regard to 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 the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price recorded a slight expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 mixed trends in the export price figures.

Cyclohexanone And Methylcyclohexanones Imports

Imports in the Middle East

In 2022, supplies from abroad of cyclohexanone and methylcyclohexanones decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cyclohexanone and methylcyclohexanones imports dropped to $X in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Israel represented the largest importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Turkey (X tons), the United Arab Emirates (X tons) and Iran (X tons), together achieving a X% share of total imports.

Israel was also the fastest-growing in terms of the cyclohexanone and methylcyclohexanones imports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) and Iran (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey, Iran and the United Arab Emirates saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Israel ($X) constitutes the largest market for imported cyclohexanone and methylcyclohexanones in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Israel amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced 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 remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Israel ($X per ton) and Iran ($X per ton), while Turkey ($X per ton) and the United Arab Emirates ($X per ton) were 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 a decline in the import price figures.

Source: IndexBox Platform

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