Middle East: Hydantoin Market 2024

Hydantoin Market Size in the Middle East

The Middle Eastern hydantoin market reduced to $X in 2022, declining by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Hydantoin Production in the Middle East

In value terms, hydantoin production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Hydantoin Exports

Exports in the Middle East

After two years of growth, shipments abroad of hydantoin and its derivatives decreased by X% to X tons in 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydantoin exports dropped rapidly to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Turkey (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydantoin exports from Israel stood at X%. Turkey experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest hydantoin supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

In Israel, hydantoin exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then contracted rapidly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey amounted to $X per ton.

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

Hydantoin Imports

Imports in the Middle East

After four years of growth, purchases abroad of hydantoin and its derivatives decreased by X% to X tons in 2022. Overall, imports saw a noticeable downturn. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hydantoin imports shrank remarkably to $X in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey represented the largest importer of hydantoin and its derivatives in the Middle East, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Israel (X tons), constituting a X% share of total imports. The following importers - the United Arab Emirates (X tons) and Iran (X tons) - together made up X% of total imports.

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

In value terms, Israel ($X), Turkey ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. These countries were followed by the United Arab Emirates, which accounted for a further X%.

Among the main importing countries, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a pronounced descent. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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