Middle East: Naphthenic Acids Market 2020

Naphthenic Acids Market Size in Middle East

The revenue of the naphthenic acids market in Middle East amounted to $X in 2017, falling by -X% against the previous year. The naphthenic acids consumption continues to indicate a mild expansion. The pace of growth was the most pronounced in 2015, when market value increased by X% y-o-y. Over the period under review, the naphthenic acids market attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Naphthenic Acids Production in Middle East

In 2017, approx. X tons of naphthenic acids, their water-insoluble salts and their esters were produced in Middle East; increasing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2009, when the output figure increased by X% year-to-year. The volume of naphthenic acids production peaked in 2017, and is likely to continue its growth in the immediate term.

Naphthenic Acids Exports in Middle East

In 2017, the amount of naphthenic acids, their water-insoluble salts and their esters exported in Middle East stood at X tons, lowering by -X% against the previous year. The naphthenic acids exports continue to indicate a precipitous downturn. The growth pace was the most rapid in 2013, when exports increased by X% y-o-y. Over the period under review, the naphthenic acids exports reached its maximum volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, naphthenic acids exports totaled $X in 2017. The naphthenic acids exports continue to indicate a dramatic reduction. Over the period under review, the naphthenic acids exports reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Naphthenic Acids Exports by Country in Middle East

Turkey dominates naphthenic acids exports structure, accounting for X tons, which was near X% of total exports in 2017. The United Arab Emirates (X tons) ranks second in terms of the global exports with a X% share, followed by Jordan (X%). Saudi Arabia (X tons) and Kuwait (X tons) followed a long way behind the leaders.

Turkey was also the fastest growing in terms of the naphthenic acids, their water-insoluble salts and their esters exports, with a CAGR of +X% from 2007 to 2017. At the same time, Jordan (+X%) displayed positive paces of growth. Kuwait experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-X%) and Saudi Arabia (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Saudi Arabia and the United Arab Emirates increased by X% and X% percentage points, while Jordan (-X%) and Turkey (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest naphthenic acids supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Saudi Arabia (-X% per year).

Naphthenic Acids Export Prices by Country in Middle East

In 2017, the naphthenic acids export price in Middle East amounted to $X per ton, dropping by -X% against the previous year. The naphthenic acids export price continues to indicate a mild deduction. The pace of growth was the most pronounced in 2008, when the export prices increased by X% year-to-year. Over the period under review, the export prices for naphthenic acids, their water-insoluble salts and their esters reached its maximum level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

Naphthenic Acids Imports in Middle East

In 2017, approx. X tons of naphthenic acids, their water-insoluble salts and their esters were imported in Middle East; going up by X% against the previous year. The total imports indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the naphthenic acids imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, naphthenic acids imports stood at $X in 2017. The total imports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the naphthenic acids imports increased by +X% against 2015 indices. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Naphthenic Acids Imports by Country in Middle East

In 2017, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Iran (X tons) and Israel (X tons) represented the key importers of naphthenic acids, their water-insoluble salts and their esters, together committing X% of total imports. Qatar (X tons) and Iraq (X tons) occupied the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Qatar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest naphthenic acids markets worldwide were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Iran, Israel, Qatar and Iraq lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries , Qatar (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Naphthenic Acids Import Prices by Country in Middle East

The naphthenic acids import price in Middle East stood at $X per ton in 2017, approximately reflecting the previous year. The naphthenic acids import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, an increase of X% year-to-year. Over the period under review, the import prices for naphthenic acids, their water-insoluble salts and their esters attained its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Qatar (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform