Middle East: Propylene Oxide Market 2024

Propylene Oxide Market Size in the Middle East

The Middle Eastern propylene oxide market surged to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate significant growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Propylene Oxide Production in the Middle East

In value terms, propylene oxide production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Propylene Oxide Exports

Exports in the Middle East

In 2022, the amount of methyloxirane (propylene oxide) exported in the Middle East reduced to X tons, falling by X% against 2021 figures. In general, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, propylene oxide exports fell rapidly to $X in 2022. Overall, exports saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Saudi Arabia (X tons) represented roughly X% of total exports in 2022.

Saudi Arabia was also the fastest-growing in terms of the methyloxirane (propylene oxide) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) also remains the largest propylene oxide supplier in the Middle East.

In Saudi Arabia, propylene oxide exports shrank 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, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Propylene Oxide Imports

Imports in the Middle East

In 2022, after two years of growth, there was significant decline in supplies from abroad of methyloxirane (propylene oxide), when their volume decreased by X% to X tons. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, propylene oxide imports shrank dramatically to $X in 2022. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Iran was the largest importer of methyloxirane (propylene oxide) in the Middle East, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Kuwait (X tons) held the second position in the ranking, followed by Israel (X tons). All these countries together held approx. X% share of total imports.

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

In value terms, Iran ($X), Kuwait ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Israel, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

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. Import price indicated a mild increase 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, propylene oxide import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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