United Arab Emirates: Chlorides Market 2023

Chlorides Market Size in the United Arab Emirates

The chlorides market in the United Arab Emirates reduced notably to $X in 2021, falling by -18.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced curtailment. Chlorides consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Chlorides Exports

Exports from the United Arab Emirates

In 2021, after four years of growth, there was significant decline in overseas shipments of chlorides (excluding ammonium chloride), when their volume decreased by -28% to X tons. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2017 with an increase of 1,092%. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted remarkably in the following year.

In value terms, chlorides exports stood at $X in 2021. Overall, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 515% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for chlorides exports from the United Arab Emirates, with a 83% share of total exports. Moreover, chlorides exports to Oman exceeded the volume sent to the second major destination, India (X tons), more than tenfold. Saudi Arabia (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+39.9% per year) and Saudi Arabia (+88.3% per year).

In value terms, Oman ($X) remains the key foreign market for chlorides (excluding ammonium chloride) exports from the United Arab Emirates, comprising 56% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+11.2% per year) and Saudi Arabia (+28.8% per year).

Export Prices by Country

The average chlorides export price stood at $X per ton in 2021, surging by 44% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 60%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.4%), while the prices for the other major destinations experienced a decline.

Chlorides Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of chlorides (excluding ammonium chloride) decreased by -24.9% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted modest growth. The pace of growth was the most pronounced in 2013 when imports increased by 93% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, chlorides imports fell slightly to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 79% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest chlorides supplier to the United Arab Emirates, accounting for a 52% share of total imports. Moreover, chlorides imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Pakistan (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.5% per year) and Pakistan (-2.0% per year).

In value terms, the largest chlorides suppliers to the United Arab Emirates were India ($X), Egypt ($X) and China ($X), together accounting for 68% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +108.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average chlorides import price amounted to $X per ton, jumping by 27% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2020 an increase of 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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