Middle East: Monoethanolamine Market 2024

Monoethanolamine Market Size in the Middle East

The Middle Eastern monoethanolamine market rose notably to $X in 2022, increasing by X% against the previous year. The total consumption indicated a pronounced increase 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 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Monoethanolamine Production in the Middle East

In value terms, monoethanolamine production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Monoethanolamine Exports

Exports in the Middle East

In 2022, shipments abroad of monoethanolamine and its salts increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, monoethanolamine exports soared to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports. Iran (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the monoethanolamine and its salts exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Iran (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Iran (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest monoethanolamine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated measured growth 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, monoethanolamine export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Monoethanolamine Imports

Imports in the Middle East

In 2022, overseas purchases of monoethanolamine and its salts increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine imports skyrocketed to $X in 2022. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X tons, which finished at X% of total imports. Turkey (X tons) took the second position in the ranking, distantly followed by Kuwait (X tons). All these countries together held approx. X% share of total imports. Qatar (X tons), Oman (X tons) and Israel (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the monoethanolamine and its salts imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%), Oman (X%), Turkey (X%), Israel (X%) and Qatar (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) and Qatar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported monoethanolamine and its salts in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, monoethanolamine imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 ($X per ton), while Kuwait ($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

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