Middle East: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in the Middle East

In 2022, the Middle Eastern market for lauric acid and other acids, their salts and esters increased by X% to $X, rising for the seventh year in a row after two years of decline. The total consumption indicated prominent growth 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, consumption increased by X% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Lauric Acid And Other Acids, Their Salts And Esters in the Middle East

In value terms, production of lauric acid and other acids, their salts and esters reached $X in 2022 estimated in export price. The total production indicated a measured 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in the Middle East

In 2022, approx. X tons of lauric acid and other acids, their salts and esters were exported in the Middle East; shrinking by X% on the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2022. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Israel (X tons) represented the key exporter of lauric acid and other acids, their salts and esters, making up X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest lauric acid and other acids, their salts and esters supplying countries in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Turkey, 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

In 2022, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price 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, export price for lauric acid and other acids, their salts and esters increased by X% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Israel ($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 more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in the Middle East

For the fourth year in a row, the Middle East recorded growth in supplies from abroad of lauric acid and other acids, their salts and esters, which increased by X% to X tons in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its volume 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 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of lauric acid and other acids, their salts and esters expanded markedly to $X in 2022. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) were the key importers of lauric acid and other acids, their salts and esters in 2022, reaching approx. X% and X% of total imports, respectively. Israel (X tons) took the next position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together held near X% share of total imports. Iran (X tons), Qatar (X tons) and Jordan (X tons) followed a long way behind the leaders.

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

In value terms, the largest lauric acid and other acids, their salts and esters importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded 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 the Middle East stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Jordan ($X per ton) was 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 more modest paces of growth.

Source: IndexBox Platform