Middle East: Sulphonamides Market 2024

Sulphonamides Market Size in the Middle East

The Middle Eastern sulphonamides market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated a notable 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. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Sulphonamides Production in the Middle East

In value terms, sulphonamides production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Sulphonamides Exports

Exports in the Middle East

Sulphonamides exports soared to X tons in 2022, jumping by X% compared with the previous year's figure. In general, exports recorded a strong increase. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sulphonamides exports shrank slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a slight descent. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Israel dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X tons) and the United Arab Emirates (X tons), together committing an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sulphonamides exports from Israel stood at X%. At the same time, Turkey (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics.

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

In Israel, sulphonamides exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($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.

Sulphonamides Imports

Imports in the Middle East

In 2022, after two years of decline, there was significant growth in supplies from abroad of sulphonamides, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a pronounced descent. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphonamides imports soared to $X in 2022. Total imports indicated slight growth 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, imports increased by X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) was the major importer of sulphonamides, committing X% of total imports. Iran (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Israel (X%) and Syrian Arab Republic (X%). The following importers - the United Arab Emirates (X tons) and Jordan (X tons) - together made up X% of total imports.

Turkey was also the fastest-growing in terms of the sulphonamides imports, with a CAGR of X% from 2012 to 2022. At the same time, Syrian Arab Republic (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. By contrast, Jordan (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Syrian Arab Republic (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Jordan (X p.p.) and Israel (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported sulphonamides in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In Turkey, sulphonamides imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, enjoyed tangible growth. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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