Middle East: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in the Middle East

In 2022, the Middle Eastern m-xylene and xylenes market increased by X% to $X, rising for the second year in a row after six years of decline. In general, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

M-Xylene And Xylenes Production in the Middle East

In value terms, m-xylene and xylenes production shrank to $X in 2022 estimated in export price. In general, production recorded a slight descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

M-Xylene And Xylenes Exports

Exports in the Middle East

After two years of decline, overseas shipments of m-xylene and mixed xylene isomers increased by X% to X tons in 2022. In general, exports recorded prominent growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, m-xylene and xylenes exports skyrocketed to $X in 2022. Over the period under review, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X tons), the United Arab Emirates (X tons) and Iran (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), generating a X% share of total exports.

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

In value terms, the largest m-xylene and xylenes supplying countries in the Middle East were the United Arab Emirates ($X), Israel ($X) and Iran ($X), with a combined X% share of total exports. Saudi Arabia lagged somewhat behind, comprising a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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, picking up by X% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

M-Xylene And Xylenes Imports

Imports in the Middle East

In 2022, supplies from abroad of m-xylene and mixed xylene isomers increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports saw a strong increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, m-xylene and xylenes imports surged to $X in 2022. Over the period under review, imports continue to indicate perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), making up a X% share of total imports. Oman (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported m-xylene and mixed xylene isomers in the Middle East, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform