Middle East: Unsaturated Monohydric Alcohols Market 2024

Unsaturated Monohydric Alcohols Market Size in the Middle East

In 2023, the Middle Eastern unsaturated monohydric alcohols market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. In general, consumption saw a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Unsaturated Monohydric Alcohols Production in the Middle East

In value terms, unsaturated monohydric alcohols production stood at $X in 2023 estimated in export price. In general, production showed a noticeable curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Unsaturated Monohydric Alcohols Exports

Exports in the Middle East

In 2023, unsaturated monohydric alcohols exports in the Middle East shrank sharply to X tons, dropping by X% against 2022 figures. Overall, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, unsaturated monohydric alcohols exports declined rapidly to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Israel prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. Turkey (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Iran (X%). The United Arab Emirates (X tons) held a minor share of total exports.

Israel experienced a relatively flat trend pattern with regard to volume of exports of unsaturated monohydric alcohols. At the same time, Turkey (X%) and Iran (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 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Israel, Turkey and Iran increased by X, X and X percentage points, respectively.

In value terms, Israel ($X) remains the largest unsaturated monohydric alcohols supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Israel was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Iran (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, dropping by X% against the previous year. Export price indicated a slight expansion from 2012 to 2023: its price 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, unsaturated monohydric alcohols export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 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 Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Unsaturated Monohydric Alcohols Imports

Imports in the Middle East

In 2023, overseas purchases of unsaturated monohydric alcohols decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, saw pronounced growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. 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, unsaturated monohydric alcohols imports fell to $X in 2023. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced in the following year.

Imports by Country

Turkey prevails in imports structure, recording X tons, which was approx. X% of total imports in 2023. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%). The following importers - Iran (X tons) and Saudi Arabia (X tons) - each finished at a X% share of total imports.

Turkey was also the fastest-growing in terms of the unsaturated monohydric alcohols imports, with a CAGR of X% from 2012 to 2023. At the same time, Iran (X%) displayed positive paces of growth. Israel 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. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Israel, the United Arab Emirates and Saudi Arabia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, unsaturated monohydric alcohols imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price showed strong growth. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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