Middle East: Market for Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A 3- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide) 2024

Market Size for Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A 3- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide) in the Middle East

In 2023, the Middle Eastern market for epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) increased by X% to $X, rising for the eighth consecutive year after three years of decline. The total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

Production of Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A X- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide) in the Middle East

In value terms, production of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) rose remarkably to $X in 2023 estimated in export price. Overall, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth failed to regain momentum.

Exports of Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A 3- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide)

Exports in the Middle East

Exports of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) skyrocketed to X tons in 2023, jumping by X% compared with the year before. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, exports of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) fell slightly to $X in 2023. In general, exports posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Saudi Arabia dominates oxide) structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Israel (X tons) and the United Arab Emirates (X tons), together creating a X% share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2023. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Saudi Arabia (X p.p.) and Israel (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A 3- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide)

Imports in the Middle East

In 2023, approx. X tons of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) were imported in the Middle East; with an increase of X% on 2022 figures. In general, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) totaled $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. 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 of hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) represented the main importers of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) in 2023, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Iran (X tons) and Israel (X tons), together constituting a X% share of total imports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), together comprising X% of total imports.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in the Middle East amounted to $X per ton, reducing by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell modestly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform