Middle East: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in the Middle East

The Middle Eastern salts of acetic acid market dropped to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then shrank modestly in the following year.

Production of Salts Of Acetic Acid in the Middle East

In value terms, salts of acetic acid production fell slightly to $X in 2023 estimated in export price. The total production indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports in the Middle East

In 2023, overseas shipments of salts of acetic acid increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports enjoyed a measured increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, salts of acetic acid exports skyrocketed to $X in 2023. Overall, exports saw a perceptible increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Turkey (X tons), distantly followed by Saudi Arabia (X tons), Israel (X tons), Oman (X tons) and Iran (X tons) were the key exporters of salts of acetic acid, together constituting X% of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest salts of acetic acid supplying countries in the Middle East were Turkey ($X), Israel ($X) and Iran ($X), together accounting for X% of total exports.

Among the main exporting countries, Israel, with a CAGR of X%, recorded 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 2023, the export price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, salts of acetic acid export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports in the Middle East

Salts of acetic acid imports reduced modestly to X tons in 2023, shrinking by X% on 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, salts of acetic acid imports declined to $X in 2023. Overall, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Turkey was the main importer of salts of acetic acid in the Middle East, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Israel (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Iran (X tons). All these countries together held near X% share of total imports. The following importers - Syrian Arab Republic (X tons), Jordan (X tons) and Kuwait (X tons) - each finished at a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Jordan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salts of acetic acid importing markets in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Iran, Jordan, Kuwait and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 2023, shrinking by X% against the previous year. In general, the import price saw a slight slump. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, 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 Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform