United Arab Emirates: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in the United Arab Emirates

In 2022, the industrial stearic acid market in the United Arab Emirates increased by X% to $X, rising for the third year in a row after four years of decline. Overall, consumption, however, continues to indicate modest growth. Industrial stearic acid consumption peaked in 2022 and is expected to retain growth in the immediate term.

Industrial Stearic Acid Production in the United Arab Emirates

In value terms, industrial stearic acid production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Industrial Stearic Acid Exports

Exports from the United Arab Emirates

In 2022, after three years of growth, there was significant decline in shipments abroad of industrial stearic acid, when their volume decreased by X% to X tons. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped sharply in the following year.

In value terms, industrial stearic acid exports dropped notably to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Indonesia (X tons), Nigeria (X tons) and Azerbaijan (X tons) were the main destinations of industrial stearic acid exports from the United Arab Emirates, with a combined X% share of total exports. Oman, Iraq, Saudi Arabia and Egypt lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Azerbaijan ($X) and Oman ($X) appeared to be the largest markets for industrial stearic acid exported from the United Arab Emirates worldwide, together comprising X% of total exports. Nigeria, Iraq, Saudi Arabia and Egypt lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average industrial stearic acid export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price posted perceptible growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

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

Industrial Stearic Acid Imports

Imports into the United Arab Emirates

After five years of growth, overseas purchases of industrial stearic acid decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, industrial stearic acid imports shrank notably to $X in 2022. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

Malaysia (X tons), India (X tons) and Indonesia (X tons) were the main suppliers of industrial stearic acid imports to the United Arab Emirates, with a combined X% share of total imports. France lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial stearic acid suppliers to the United Arab Emirates were Malaysia ($X), India ($X) and Indonesia ($X), with a combined X% share of total imports. These countries were followed by France, which accounted for a further X%.

In terms of the main suppliers, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial stearic acid import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and France ($X per ton), while the price for Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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