United Arab Emirates: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in the United Arab Emirates

The cyanides and cyanide oxides market in the United Arab Emirates soared to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a notable increase. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in the United Arab Emirates

In value terms, cyanides and cyanide oxides production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decline. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports from the United Arab Emirates

In 2022, cyanides and cyanide oxides exports from the United Arab Emirates contracted rapidly to X tons, with a decrease of X% on 2021. Overall, exports showed a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, cyanides and cyanide oxides exports shrank rapidly to $X in 2022. Over the period under review, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for cyanides and cyanide oxides exports from the United Arab Emirates, with a X% share of total exports. Moreover, cyanides and cyanide oxides exports to Iraq exceeded the volume sent to the second major destination, Sudan (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq was relatively modest.

In value terms, Iraq ($X) emerged as the key foreign market for cyanides, cyanide oxides and complex cyanides exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Sudan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iraq was relatively modest.

Export Prices by Country

The average cyanides and cyanide oxides export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a dramatic setback. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Iraq stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced a decline.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports into the United Arab Emirates

Cyanides and cyanide oxides imports into the United Arab Emirates stood at X tons in 2022, increasing by X% against 2021 figures. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cyanides and cyanide oxides imports skyrocketed to $X in 2022. In general, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of cyanides and cyanide oxides to the United Arab Emirates, accounting for a X% share of total imports. Moreover, cyanides and cyanide oxides imports from South Korea exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of cyanides, cyanide oxides and complex cyanides to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

Import Prices by Country

The average cyanides and cyanide oxides import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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